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    Historic Pea Ridge Commercial Property Title is generated by Realmo AI

    209 E Pickens Road, Pea Ridge, AR 72751

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    Claim this Listing
    New
    For Sale
    $705,000

    SINGLE_FAMILY - Pea Ridge, AR

    Type:Retail
    Property size:
    4,410 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $159/SF
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 209 E Pickens Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    13-00385-000
    Size
    4,410 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    PART OF LOT 2 AND PART OF LOT 3, BLOCK 3, ORIGINAL TOWN OF PEA RIDGE, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: FROM THE NORTHWEST CORNER OF LOT 3, RUN SOUTH 90 FEET TO THE POINT OF BEGINNING: RUN THENCE SOUTH 36 1 /2 FEET TO THE SOUTH LINE O F LO
    Tax Annual Amount
    1070

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Josh Singleterry

    Listing agent Josh Singleterry License #SA00070928

    Listing office Moses Tucker Partners-Bentonville Branch 805 S Walton Blvd. Ste 123, Bentonville, AR

    Listing date May 21, 2026

    MLS# 1348229

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Located in the Pea Ridge Commercial Historic District, this property is listed on the National Register of Historic Places since May 2007. It is situated directly across from the Pea Ridge Veteran's Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre-K. The property is near the intersection of E. Pickens Road and Highway 94, which sees over 17,200 vehicles daily. The surrounding area is experiencing growth, with upcoming developments including a Walmart Supercenter, Tractor Supply store, a new BMX park, and a disc golf course. The property is 7.0 miles from the Pea Ridge National Military Park, 4.8 miles from I-49, 7.1 miles from Highway 62, and 7.3 miles from Bentonville Square. The property size is 4410 square feet and the lot size is 0.16 acres.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $557.4K
    NOI $50,169 @ 9.00% cap · cautious / downside scenario
    Moderate
    $716.7K
    NOI $50,169 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.00M
    NOI $50,169 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $76.7k $17.40
    − Vacancy −$5.1k −$1.15
    EGI $71.7k $16.25
    − OpEx −$21.5k −$4.88
    NOI $50.2k $11.38
    4,410 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $716.7K
    $627.1K – $836.2K (±1% cap)
    NOI $50,169 @ 7.0% cap · market cap 7.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,833 @ 7.0% cap · market cap 12.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • The Cottage Flower Shop — 378 N Curtis Ave, Pea Ridge, AR 72751

    Location Insight

    • Map
    • Local Demand
    City
    Pea Ridge
    County
    Benton
    State
    Arkansas
    Longitude
    -94.11427
    Latitude
    36.453773

    Nearby Similar for Sale

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      Retail space for sale in a high-traffic location.
      311 E Pickens Road, Pea Ridge, AR 72751
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    • $1,499,000
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    • $7,500,000
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    FAQs

    What type of property is this?
    Storefront property - Prime location with high visibility and significant growth potential.
    Where is this storefront property located?
    The property is located at 209 E Pickens Road Pea Ridge, AR.
    What is the asking price?
    The asking price for this property is $705,000.
    (479) 466-9569
    We can help!
    Listing Contact
    Josh Singleterry
    Real Estate License ID: SA00070928
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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