T5.2 Core Mixed-Use
For Sale
Contact for pricing
205 Southwest 3rd Street, Bentonville, AR 72712
Corner parcel in downtown Bentonville with zoning that supports vertical mixed-use development.
Property Size41,817 SF
Price / SF$118.37
Days on Market95
Property Features for 205 Southwest 3rd Street
General Information
Standard status
Active
Size
41,817 SF
Property subtype
Land
Zoning
T5.2 Downtown Core
Occupancy
100%
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Joshua Brown · License #EB00063743
(870) 336-8000
Source:
Crexi
Added: Jul 16
Changed: Oct 16
Last Checked: Oct 16 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haag Brown Commercial Real Estate and Development
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Investment Insights
Based on property information with market context.
This corner development site at 205 Southwest 3rd Street occupies the intersection of SW 3rd Street and SW B Street in downtown Bentonville. The property is within the T5.2 Downtown Core zoning district, which supports vertical mixed-use development and an urban, walkable pattern of development.
Bentonville Square is three blocks away, while the Quilt of Parks is one block from the site. The location also offers direct connections to SW A Street, SW 8th Street, and Walton Boulevard. Crystal Bridges Museum of American Art, The Ledger, The Compton Hotel, Motto by Hilton, the Downtown Greenway, restaurants, parks, and entertainment venues are identified as nearby destinations accessible on foot or by bicycle.
The surrounding area includes the 350 AC Walmart Home Office campus, which is planned to accommodate approximately 14,000-19,000 employees, along with more than 1,400 Walmart supplier offices throughout Northwest Arkansas and five Fortune 500 company headquarters. The site is positioned for mixed-use, hospitality, office, or residential development within the downtown core.
Bentonville Square is three blocks away, while the Quilt of Parks is one block from the site. The location also offers direct connections to SW A Street, SW 8th Street, and Walton Boulevard. Crystal Bridges Museum of American Art, The Ledger, The Compton Hotel, Motto by Hilton, the Downtown Greenway, restaurants, parks, and entertainment venues are identified as nearby destinations accessible on foot or by bicycle.
The surrounding area includes the 350 AC Walmart Home Office campus, which is planned to accommodate approximately 14,000-19,000 employees, along with more than 1,400 Walmart supplier offices throughout Northwest Arkansas and five Fortune 500 company headquarters. The site is positioned for mixed-use, hospitality, office, or residential development within the downtown core.
Key Highlights
- T5.2 Downtown Core zoning supports vertical mixed‑use development
- Corner location at 205 Southwest 3rd Street and SW B Street
- Three blocks from Bentonville Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,046
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,820,920
$5.8M
Cap Rate 7%
$4,157,800
$4.2M
Cap Rate 9%
$3,233,844
$3.2M
Market Conditions
NOI Build-Up for 41,817 SF
Gross rent
$501.8K $12.00/SF
− Vacancy
−$36.1K −$0.86/SF
EGI
$465.7K $11.14/SF
− OpEx
−$174.6K −$4.18/SF
NOI
$291.0K $6.96/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,820,920
Cap Rate 7%
$4,157,800
Cap Rate 9%
$3,233,844
Alternative Uses
Best Use
Mixed Use
$4.16M
$3.64M – $4.85M
NOI $291,046 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.49M
$10.06M – $13.41M
NOI $804,412 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 72712, AR
38,053
Population
16,245
Households
2.3
Avg Household Size
34
Median Age
49%
College-Educated
94%
High-School Grad
51.8 sq mi
ZIP Area
735
Density / Sq Mi
$102,073
Median Household Income
$56,675
Median Earnings
$1,197
Median Rent
$401,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner parcel in downtown Bentonville with zoning that supports vertical mixed-use development.
Where is this mixed-use property located?
The property is located at 205 Southwest 3rd Street Bentonville, AR.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: T5.2 Downtown Core zoning supports vertical mixed‑use development; Corner location at 205 Southwest 3rd Street and SW B Street; Three blocks from Bentonville Square
