Auto Shop with On-Site
For Sale
$1,650,000
3010 W Walnut Street, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size6,075 SF
Lot Size0.97 Acres
Price / SF$271.60
Days on Market363
Property Features for 3010 W Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Parking Lot, Carport, Garage
Lot features
City Lot
Directions
From l-49 exit 85 E on Walnut 71B approx 1.2 mi. Property located on the right /South side of Walnut.
Standard status
Active
APN
02-00898-001
Size
6,075 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
Parcel ID 02-00898-001 review supplements for full legal description
Tax Annual Amount
6867
Legal Description
Parcel ID 02-00898-001 review supplements for full legal description
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Flooring type
Vinyl, Concrete
Building materials
Block, Concrete
Roof type
Shingle, Asphalt
Listing Agency:
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 696-0600
Listed By:
NuRi Jeong · License #SA00077106
(479) 899-4224
Added: Oct 7, 2025
Changed: Sep 14
Last Checked: Oct 4 at 5:06PM
MLS# 1324434
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.
Investment Insights
Based on property information with market context.
This auto shop property contains 6,075 square feet on a 0.97-acre parcel. The 1992 building uses block and concrete construction, with concrete and vinyl flooring, central heating, and central air conditioning. A basement is included in the configuration, while parking is provided through a parking lot, garage, and carport.
The property fronts a major road with a reported traffic count of 27,000 and is approximately 1 mile from I-49. The surrounding area includes national retail stores, local restaurants, and other businesses. Public water and public sewer serve the property, and the roof is asphalt shingle.
The property fronts a major road with a reported traffic count of 27,000 and is approximately 1 mile from I-49. The surrounding area includes national retail stores, local restaurants, and other businesses. Public water and public sewer serve the property, and the roof is asphalt shingle.
Key Highlights
- 6,075‑square‑foot auto shop on a 0.97‑acre parcel
- Major road frontage with a 27,000 traffic count
- Approximately 1 mile from I‑49
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,382,200
$1.4M
Cap Rate 7%
$987,286
$987.3K
Cap Rate 9%
$767,889
$767.9K
Market Conditions
NOI Build-Up for 6,075 SF
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.
Gross rent
$105.7K $17.40/SF
− Vacancy
−$7.0K −$1.15/SF
EGI
$98.7K $16.25/SF
− OpEx
−$29.6K −$4.88/SF
NOI
$69.1K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,382,200
Cap Rate 7%
$987,286
Cap Rate 9%
$767,889
Alternative Uses
Best Use
Retail
$987.3K
$863.9K – $1.15M
NOI $69,110 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$326.6K
$285.8K – $381.0K
NOI $22,861 @ 7.0% cap · market cap 1.39%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,862 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
37k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 23%
Home Improvements & Furnishings 7%
Kum & Go
Shops & Services
17,132 visits/mo
0.3 miles
Cicis
Dining
8,540 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,167 visits/mo
0.5 miles
Valvoline Instant Oil Change
Shops & Services
2,699 visits/mo
0.2 miles
Zips Car Wash
Shops & Services
2,450 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Block-and-concrete construction with central HVAC, concrete and vinyl flooring, and multiple parking formats.
Where is this auto shop located?
The property is located at 3010 W Walnut Street Rogers, AR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,075‑square‑foot auto shop on a 0.97‑acre parcel; Major road frontage with a 27,000 traffic count; Approximately 1 mile from I‑49
