Commercial Land with Existing
For Sale
$1,100,000
2929 W Walnut Street, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size3,120 SF
Lot Size1.20 Acres
Price / SF$352.56
Days on Market93
Property Features for 2929 W Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking
4
Parking features
Parking Lot
Security features
Security
Exterior features
Storage
Appliances
ElectricWaterHeater
Lot features
City Lot
Directions
From I-49 exit 85 E on Walnut 71B approx. 1.1 mi. Property located on the left/north side of Walnut.
Standard status
Active
APN
02-00895-000
Size
3,120 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Description
PART OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 10, TOWNSHIP 19 NORTH, RANGE 30 WEST OF THE FIFTH PRINCIPAL MERIDIAN, ROGERS, BENTON COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE SE/4 OF THE NW/4 OF SA
Tax Annual Amount
4393
Legal Description
PART OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 10, TOWNSHIP 19 NORTH, RANGE 30 WEST OF THE FIFTH PRINCIPAL MERIDIAN, ROGERS, BENTON COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE SE/4 OF THE NW/4 OF SA
Utilities
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Heat Pump, Attic Fan, Electric, Central Air
Water source
Well, Public
Amenities
grease interceptor
all electric
gas available
city water
well water
additional storage units
Building Details
Floors in Building
2
Flooring type
Laminate, Tile, Brick, Wood
Building materials
Brick, LogSiding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 696-0600
Listed By:
NuRi Jeong · License #SA00077106
(479) 899-4224
Added: Jul 15
Changed: Sep 14
Last Checked: Oct 15 at 10:06PM
MLS# 1355432
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.
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Investment Insights
Based on property information with market context.
This 1.2-acre commercial parcel includes a 3,120-square-foot building that can serve office or retail functions, along with two additional storage units at the rear. The improvements feature brick and log siding, wood, brick, tile, and laminate flooring, central electric heating and cooling, and a shingle roof. A parking lot is also present.
The property is located at 2929 W Walnut Street in Rogers, approximately 1 mile from I-49 and near a major shopping district. It has major road frontage on Walnut St. and backs to a residential area. Electric service is in place, gas is available on site, and both city and well water serve the property. A 250 GB grease interceptor is available for restaurant or food truck use. The source information identifies retail commercial, mixed-use, and residential development as potential applications.
The property is located at 2929 W Walnut Street in Rogers, approximately 1 mile from I-49 and near a major shopping district. It has major road frontage on Walnut St. and backs to a residential area. Electric service is in place, gas is available on site, and both city and well water serve the property. A 250 GB grease interceptor is available for restaurant or food truck use. The source information identifies retail commercial, mixed-use, and residential development as potential applications.
Key Highlights
- 1.2‑acre commercial parcel with major road frontage on Walnut St.
- Existing 3,120‑square‑foot building suited for office or retail use
- Two additional storage units located behind the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,416
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,320
$968.3K
Cap Rate 7%
$691,657
$691.7K
Cap Rate 9%
$537,956
$538.0K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$69.3K $22.20/SF
− Vacancy
−$4.7K −$1.51/SF
EGI
$64.6K $20.69/SF
− OpEx
−$16.1K −$5.17/SF
NOI
$48.4K $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 Rate 5%
$968,320
Cap Rate 7%
$691,657
Cap Rate 9%
$537,956
Alternative Uses
Best Use
Office B
$691.7K
$605.2K – $806.9K
NOI $48,416 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,018 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 72756, AR
41,875
Population
17,225
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
86%
High-School Grad
129.9 sq mi
ZIP Area
322
Density / Sq Mi
$70,900
Median Household Income
$37,510
Median Earnings
$914
Median Rent
$243,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Parcel includes an existing office or retail building, storage units, and infrastructure suited to restaurant or food truck use.
Where is this commercial land located?
The property is located at 2929 W Walnut Street Rogers, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.2‑acre commercial parcel with major road frontage on Walnut St.; Existing 3,120‑square‑foot building suited for office or retail use; Two additional storage units located behind the main building
