Historic Storefront
For Sale
$705,000
209 E Pickens Road, Pea Ridge, AR 72751
COMMERCIAL - Pea Ridge, AR
Property Size4,410 SF
Lot Size0.16 Acres
Price / SF$159.86
Days on Market93
Property Features for 209 E Pickens Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
Central Business District
Directions
Located near the intersection of E Pickens Rd and Hwy 94/N Curtis Ave
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
Legal 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
Amenities
National Register of Historic Places
Pea Ridge Commercial Historic District
Building Details
Year built
1920
Listing Agency:
Moses Tucker Partners-Bentonville Branch
(479) 271-6118
Listed By:
Josh Singleterry · License #SA00070928
(479) 466-9569
Added: May 21
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This 4,410-square-foot storefront property was built in 1920 and occupies a 0.16-acre site at 209 E Pickens Road in Pea Ridge, Arkansas. The building is located within the Pea Ridge Commercial Historic District and has been listed on the National Register of Historic Places since May 2007.
The property is positioned near the intersection of E. Pickens Road and Highway 94, with reported daily traffic of over 17,200 vehicles. It sits across from the Pea Ridge Veteran's Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre-K. Regional access includes 4.8 miles to I-49, 7.1 miles to Highway 62, 7.0 miles to Pea Ridge National Military Park, and 7.3 miles to Bentonville Square.
The property is positioned near the intersection of E. Pickens Road and Highway 94, with reported daily traffic of over 17,200 vehicles. It sits across from the Pea Ridge Veteran's Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre-K. Regional access includes 4.8 miles to I-49, 7.1 miles to Highway 62, 7.0 miles to Pea Ridge National Military Park, and 7.3 miles to Bentonville Square.
Key Highlights
- 4,410‑square‑foot storefront property on a 0.16‑acre site
- Built in 1920 within the Pea Ridge Commercial Historic District
- Listed on the National Register of Historic Places in May 2007
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,380
$1.0M
Cap Rate 7%
$716,700
$716.7K
Cap Rate 9%
$557,433
$557.4K
Market Conditions
NOI Build-Up for 4,410 SF
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.
Gross rent
$76.7K $17.40/SF
− Vacancy
−$5.1K −$1.15/SF
EGI
$71.7K $16.25/SF
− OpEx
−$21.5K −$4.88/SF
NOI
$50.2K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,380
Cap Rate 7%
$716,700
Cap Rate 9%
$557,433
Alternative Uses
Best Use
Retail
$716.7K
$627.1K – $836.2K
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
NOI $84,833 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17,200 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Cottage Flower Shop — 378 N Curtis Ave, Pea Ridge, AR 72751
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building in Pea Ridge’s historic district, listed on the National Register of Historic Places since May 2007.
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.
What are key features of this property?
This property features: 4,410‑square‑foot storefront property on a 0.16‑acre site; Built in 1920 within the Pea Ridge Commercial Historic District; Listed on the National Register of Historic Places in May 2007
