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Renovated Historic Mixed-Use Building

206 W Walnut St Rogers, AR 72756

Claim this Listing
For Sale
$1,099,000

Renovated 1909 building with separate HVAC for commercial and upper space, plus a newer TPO membrane roof.

Type:Commercial/Industrial
Property size:
3,672 SF
Price / SF:
$299/SF
Added:
Jun 10, 2026
Days on Market:
33
Last Refresh:
Jul 10 at 2:59 am

Property Features for 206 W Walnut St

General Information

Standard status
Active
Size
3,672 SF
Property subtype
Commercial/Industrial

Building Details

Year Built
1909

Listing office Collier & Associates- Rogers Branch

Listing date Jun 10, 2026

Source Exitrealty

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 Collier & Associates- Rogers Branch


Investment Insights

Based on property information with market context.

This renovated historic commercial building was originally built in 1909 and fully restored and brought up to code in 1995. The property includes 3,672 square feet total, with 2,611 square feet of commercial space on the main level and 1,061 square feet on the upper level. The building has been extensively updated with security enhancements and separate HVAC systems for the commercial and upper levels, and it features a new TPO membrane roof installed in 2017 with 2" insulation.

The building is located in Downtown Rogers’ Entertainment District with visibility on W Walnut Street and convenient customer access from an adjacent public parking area. The main level is currently leased to The Music Depot, while the upper level offers flexible space for living quarters, offices, or additional income potential.

Home to Goldens Designer Jewelry since 1996, the building combines historic character with modern building systems and upgrades.

Key Highlights

  • Built in 1909 and fully restored/updated to code in 1995, offering 3,672 SF in Downtown Rogers’ Entertainment District.
  • 2,611 SF main level commercial space currently leased to The Music Depot.
  • 1,061 SF upper level for living quarters, offices, or additional income.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $81.5k $22.20
− Vacancy −$5.5k −$1.51
EGI $76.0k $20.69
− OpEx −$19.0k −$5.17
NOI $57.0k $15.52
3,672 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$814.0K
$712.3K – $949.7K (±1% cap)
NOI $56,981 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$596.8K
$522.2K – $696.2K (±1% cap)
NOI $41,773 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.01M
$883.0K – $1.18M (±1% cap)
NOI $70,636 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Music Depot Music Venue

Suggested Use

Parking Lot & Garage Real Estate Agency Storage Facility Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Auto Parts Store Veterinary Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Storefront property - Renovated 1909 building with separate HVAC for commercial and upper space, plus a newer TPO membrane roof.
Where is this storefront property located?
The property is located at 206 W Walnut St Rogers, AR.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Built in 1909 and fully restored/updated to code in 1995, offering 3,672 SF in Downtown Rogers’ Entertainment District.; 2,611 SF main level commercial space currently leased to The Music Depot.; 1,061 SF upper level for living quarters, offices, or additional income.
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