Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Rogers City Center Office Title is generated by Realmo AI

    221 W Chestnut Street, Rogers, AR 72756

    View on Map
    Claim this Listing
    For Sale
    $700,000

    Prime corner office building in Downtown Rogers with parking.

    Type:Commercial/Industrial
    Property size:
    2,717 SF
    Price / SF:
    $257/SF
    Added:
    Sep 20, 2025
    Days on Market:
    256
    Last Refresh:
    Apr 8 at 1:30 am

    Property Features for 221 W Chestnut Street

    General Information

    Standard status
    Active
    Size
    2,717 SF
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Kelli Roberts

    Listing agent Kelli Roberts License #PB00084117

    Listing office Rogers Land Co Inc

    Listing date Sep 20, 2025

    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 Rogers Land Co Inc

    HighLights

    • Prime corner office building in Downtown Rogers City Center location.
    • Zoned T5.1 Town Center.
    • Includes 14 parking spaces.
    • 2,717 square foot all brick building in excellent condition.
    • New roof & guttering (summer 2025).
    • Includes lobby, reception, break room w/kitchenette, central conference room, and seven individual offices.

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $52,266 @ 7.0% cap · market cap 7.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Hudson Cisne & Co ... Accounting Firm Guinn & Associates Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.117999
    Latitude
    36.334451

    Nearby Similar for Sale

    • $2,300,000
      11,600 SF

      Rogers Historical Downtown Office Building

      Two-story, 11,600 SF office building in Rogers Historical Downtown.
      119 S 2nd Street, Rogers, AR 72756
      View Details
    • $750,000
      6,320 SF

      Restaurant/Bar Space For Sale

      Restaurant/bar space for sale in East Rogers, Arkansas.
      14528 E Hwy 12, Rogers, AR 72756
      View Details
    • $1,320,000
      3,750 SF

      Marque Collection Suites in Rogers

      Upscale collector-focused community with customizable suites in Rogers, Arkansas.
      2103 31st Street, Rogers, AR 72758
      View Details
    • $599,000
      3,477 SF

      Remodeled Duplex in Rogers, AR

      Well-maintained duplex with modern finishes, move-in ready for investors/owner-occupants.
      509 & 511 N 37th Street, Rogers, AR 72756
      View Details
    • $715,000
      1,854 SF

      Mixed-Use Townhome in Rogers, AR

      Flexible mixed-use property suitable for residential or professional use.
      4619 S 47th Street, Rogers, AR 72758
      View Details
    • $1,667,400
      4,764 SF

      Rogers Office/Medical Building For Sale

      Office/medical building with superior noise control in desirable location.
      5311 Village Parkway, Rogers, AR 72758
      View Details
    • $545,000
      1,467 SF

      Mixed-Use Townhome in Rogers, AR

      Flexible mixed-use property suitable for residential or professional use.
      4615 S 47th Street, Rogers, AR 72758
      View Details
    • $599,000
      1,627 SF

      Mixed-Use Townhome in Rogers, AR

      Flexible mixed-use property suitable for residential or professional use.
      4613 S 47th Street, Rogers, AR 72758
      View Details
    • $715,000
      1,854 SF

      Mixed-Use Townhome in Rogers, AR

      Flexible mixed-use property suitable for residential or professional use.
      4603 S 47th Street, Rogers, AR 72758
      View Details
    • $2,500,000
      7,560 SF

      Rogers, AR Investment Opportunity

      Single-tenant property with long-term lease and annual rent increases.
      1802 S 8th Street, Rogers, AR 72756
      View Details
    • $699,000
      1,854 SF

      Mixed-Use Townhome in Rogers, AR

      Flexible mixed-use property suitable for residential or professional use.
      4621 S 47th Street, Rogers, AR 72758
      View Details
    • $430,000
      2,580 SF

      Remodeled Duplex Near Rogers High

      Recently remodeled duplex with 2BD/2BA units, ideal for investors.
      2413 & 2415 S 16th Street, Rogers, AR 72758
      View Details

    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.
    (479) 381-3085
    We can help!
    Listing Contact
    Kelli Roberts
    Real Estate License ID: PB00084117
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    221 W Chestnut Street, Rogers, AR 72756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!