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    Newly Renovated Retail/Office Spaces Title is generated by Realmo AI

    2301 W Walnut Street, Rogers, AR 72756

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    For Lease
    $19 SF/Yr $4,316/Mo (calc)

    COMMERCIAL - Rogers, AR

    Type:Retail
    Property size:
    2,726 SF
    Lot size:
    2.21 Acres
    Added:
    Apr 28, 2025
    Days on Market:
    397
    Last Refresh:
    May 29 at 10:06 am

    Property Features for 2301 W Walnut Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    2,726 SF
    Lot size
    2.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9163
    Expense value
    4316
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1983
    Floors in Building
    1

    We can help!

    Listing Contact
    Brandon Rausch

    Listing agent Brandon Rausch License #SA00094802

    Listing office Lindsey & Associates Inc 1200 E Joyce Blvd, AR

    Listing date Apr 28, 2025

    MLS# 1306094

    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.

    HighLights

    • Newly renovated retail/office spaces in a well‑established strip center.
    • High visibility and easy access from major roads US‑71B/Walnut St and 24th St.
    • Benefit from 100+ parking spaces available.
    • Flexible layouts to suit a variety of uses.
    • Monument signage available.
    • Located near established residential neighborhoods and growing commercial developments.

    Overview

    Turtle Creek Plaza offers newly renovated and well-established retail and office spaces. Located at the corner of US-71B/Walnut St and 24th St, the property provides high visibility in a prime location. Spaces are available in white box condition, ready for immediate custom finishing. The tenant is responsible for rent and utilities. The property, situated on 2.21 acres, includes flexible layouts suitable for various uses. It features over 100 parking spaces for customers and employees and monument signage. The location offers excellent visibility and easy access from major roads and is surrounded by established residential neighborhoods and growing commercial developments. With 2726 square feet of space, Turtle Creek Plaza is suitable for a boutique, restaurant, professional office, or service-based business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rogers Dental ASSOC ... Dental Office Rogers Dental Associates ... Dental Office Rogers Dental Associates ... Dental Office Shelter Insurance - Derek ... Insurance Agency Rose Nail spa Nail Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.151028
    Latitude
    36.334773

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    FAQs

    What type of property is this?
    Strip mall - High-visibility retail and office spaces in a prime location.
    Where is this strip mall located?
    The property is located at 2301 W Walnut Street Rogers, AR.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated retail/office spaces in a well‑established strip center.; High visibility and easy access from major roads US‑71B/Walnut St and 24th St.; Benefit from 100+ parking spaces available.
    (479) 380-8960
    We can help!
    Listing Contact
    Brandon Rausch
    Real Estate License ID: SA00094802
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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.

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