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Multi-Office Property with Kitchen
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210 SE 34th St, Bentonville, AR 72712

Office building offering 25 offices, conference rooms, built-in workstations, and a test kitchen with appliances.

Property Size14,388 SF
Price / SF$295.39
Days on Market216

Property Features for 210 SE 34th St

General Information

Standard status Active
Size 14,388 SF
Property subtype OFFICE

Additional Details

Commercial Hood Yes
Office Units 25

Amenities

7 Conference Rooms
8 Built-in Workstations
2 Break Rooms
Test Kitchen
Built-in Refrigerator & Freezer
Gas Stove with Vent Hood and Fire Suppression
Double Wall Ovens
Dishwasher
Listing Agency: CBRE Fayetteville
Listed By: Hunter Groce · License #SA00083831
Source: Moodyscre
Added: Jan 16 Changed: Aug 10 Last Checked: Aug 19 at 9:40AM

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 CBRE Fayetteville

Investment Insights

Based on property information with market context.

This office property is set up for a broad range of workspace needs, with 25 offices and seven conference rooms. The interior also includes eight built-in workstations and two break rooms, along with a test kitchen featuring a built-in refrigerator and freezer. Kitchen equipment includes a gas stove with vent hood and fire suppression, double wall ovens, and a dishwasher.

The space also supports flexible occupancy, with the ability to divide or provide single-tenant occupancy. (Address: 210 SE 34th St, Bentonville, AR 72712.)

Key Highlights

  • Office building with 25 offices and 7 conference rooms
  • Includes 8 built‑in workstations and 2 break rooms
  • Test kitchen with built‑in refrigerator & freezer, gas stove with vent hood, and fire suppression

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
$223,270
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
5.25%
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%
$4,465,400 $4.5M
Cap Rate 7%
$3,189,571 $3.2M
Cap Rate 9%
$2,480,778 $2.5M
Market Conditions
NOI Build-Up for 14,388 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
$319.4K $22.20/SF
− Vacancy
−$21.7K −$1.51/SF
EGI
$297.7K $20.69/SF
− OpEx
−$74.4K −$5.17/SF
NOI
$223.3K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$4,465,400
Cap Rate 7%
$3,189,571
Cap Rate 9%
$2,480,778

Alternative Uses

Best Use
Office B
$3.19M
$2.79M – $3.72M (±1% cap)
NOI $223,270 @ 7.0% cap · market cap 5.25%
Second Best
no second resolved use
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M (±1% cap)
NOI $276,774 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Kreative Sales and Marketing Advertising Agency KeyMe Locksmiths Locksmith

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Catering Service Kitchen & Bath Showroom Grocery & Convenience Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Office units
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

837
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building offering 25 offices, conference rooms, built-in workstations, and a test kitchen with appliances.
Where is this office building located?
The property is located at 210 SE 34th St Bentonville, AR.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Office building with 25 offices and 7 conference rooms; Includes 8 built‑in workstations and 2 break rooms; Test kitchen with built‑in refrigerator & freezer, gas stove with vent hood, and fire suppression
(501) 952-6875 Call to check price and availability
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