Office/Retail Development
2929 W Walnut St Rogers, AR 72756
2929 W Walnut St, Rogers, AR, 72756
$1,100,000
For Sale
$1,100,000
Existing 3,120 sf building with utilities on a 1.2-acre lot with major Walnut St frontage and development flexibility.
Property Size3,120 SF
Lot Size1.20 Acres
Price / SF$352.56
Days on Market8
Property Features for 2929 W Walnut St
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 1.20 Acres
Listing agency
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 899-4224
Listed by
NuRi Jeong
(479) 899-4224
Source
Exprealty
Added: Jul 15 Updated: Jul 22 at 1:57AM Checked: Jul 22 at 9:50AM
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 Coldwell Banker Harris McHaney & Faucette-Rogers
Investment Insights
Based on property information with market context.
The property includes an existing 3,120 sf building currently suitable for office or retail use, along with two additional storage units at the rear. Site infrastructure includes a grease interceptor (250 GB) available on site, and the property is described as all electric with gas available on site. Two water sources are available, including city water and well water.
The 1.2-acre lot is located about one mile off I-49 and near a major shopping district of Rogers, with major road frontage on Walnut St. The lot backs to a residential area, supporting development versatility as described in the remarks.
For operators or developers looking to accommodate food service use, the available grease interceptor may be relevant. The configuration and existing improvements provide a baseline building option while retaining the ability to plan for future redevelopment as described.
The 1.2-acre lot is located about one mile off I-49 and near a major shopping district of Rogers, with major road frontage on Walnut St. The lot backs to a residential area, supporting development versatility as described in the remarks.
For operators or developers looking to accommodate food service use, the available grease interceptor may be relevant. The configuration and existing improvements provide a baseline building option while retaining the ability to plan for future redevelopment as described.
Key Highlights
- 1.2‑acre lot with major road frontage on Walnut St, about 1 mile off I‑49 near a major shopping district of Rogers
- Existing 3,120 SF building suitable for office or retail use
- Utilities include all‑electric service, with gas available on site
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 | $69.3k | $22.20 |
| − Vacancy | −$4.7k | −$1.51 |
| EGI | $64.6k | $20.69 |
| − OpEx | −$16.1k | −$5.17 |
| NOI | $48.4k | $15.52 |
3,120 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$691.7K
$605.2K – $806.9K
NOI $48,416 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$507.0K
$443.7K – $591.6K
NOI $35,493 @ 7.0% cap · market cap 3.23%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J.R.'S mowing and cleaning
Painting Service
BAP CHA
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Existing 3,120 sf building with utilities on a 1.2-acre lot with major Walnut St frontage and development flexibility.
Where is this office units located?
The property is located at 2929 W Walnut St 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 lot with major road frontage on Walnut St, about 1 mile off I‑49 near a major shopping district of Rogers; Existing 3,120 SF building suitable for office or retail use; Utilities include all‑electric service, with gas available on site
