Downtown Rogers City Center
221 W Chestnut Street Rogers, AR 72756
221 W Chestnut Street, Rogers, AR, 72756
$700,000
Pending
For Sale
$700,000
Pending
Prime corner office building in Downtown Rogers with parking.
Property Size2,717 SF
Days on Market302
Property Features for 221 W Chestnut Street
General Information
- Standard status
- Pending
- Size
- 2,717 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Rogers Land Co Inc
(479) 381-3085
Listed by
Kelli Roberts · License #PB00084117
(479) 381-3085
Source
Exitrealty
Added: Sep 19, 2025 Checked: Jul 17 at 4:34 am
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 Rogers Land Co Inc
Investment Insights
Based on property information with market context.
This 2,717 square foot all-brick office building is located in Downtown Rogers City Center, across from Arvest Bank and City Hall. The property is zoned T5.1 Town Center and includes 14 parking spaces. The building features a lobby area and reception, a break room with a kitchenette, and a central conference room surrounded by seven individual offices. The property also includes a fenced back green space area. A new roof and guttering are planned for summer 2025. The building is in excellent condition.
Key Highlights
- Prime corner office building in Downtown Rogers City Center location.
- Zoned T5.1 Town Center.
- Includes 14 parking spaces.
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 | $60.3k | $22.20 |
| − Vacancy | −$4.1k | −$1.51 |
| EGI | $56.2k | $20.69 |
| − OpEx | −$14.1k | −$5.17 |
| NOI | $42.2k | $15.52 |
2,717 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$602.3K
$527.0K – $702.7K
NOI $42,162 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.7K
$653.3K – $871.1K
NOI $52,266 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hudson Cisne & Co ...
Accounting Firm
Guinn & Associates
Tax Preparation
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FAQs
What type of property is this?
Office building - Prime corner office building in Downtown Rogers with parking.
Where is this office building located?
The property is located at 221 W Chestnut Street Rogers, AR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime corner office building in Downtown Rogers City Center location.; Zoned T5.1 Town Center.; Includes 14 parking spaces.
