Office/Retail Development
For Sale
$1,100,000
2929 W Walnut Street, Rogers, AR 72756
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 Market87
Property Features for 2929 W Walnut Street
General Information
Standard status
Active
Size
3,120 SF
Lot size
1.20 Acres
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Grease Trap
Yes
Taxes and HOA fees
Annual Taxes
$4,393
Amenities
storage units
Listing Agency:
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 696-0600
Listed By:
NuRi Jeong · License #SA00077106
(479) 899-4224
Source:
Exitrealty
Added: Jul 15
Changed: Sep 2
Last Checked: Sep 15 at 5:31AM
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
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
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 authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Grease trap
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
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 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 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
