Fully Leased Office
For Sale
$17,000,000
3605 W Southern Hills Boulevard, Rogers, AR 72758
Two tenants occupy the building, with an adjacent unimproved parcel included in the offering.
Property Size64,647 SF
Price / SF$262.97
Days on Market89
Property Features for 3605 W Southern Hills Boulevard
General Information
Standard status
Active
Size
64,647 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
office
Amenities
playground
Building Details
Buildings
1
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Focus Commercial Real Estate
(479) 254-7000
Listed By:
Clinton Bennett · License #PB00058021
(479) 200-3457
Source:
Connectrealtynwa
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 10:39PM
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 Focus Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 3605 W Southern Hills Boulevard in Rogers, this 64,647-square-foot office building is occupied by two tenants. The sale also includes Lot 23, an adjacent 1.18-acre unimproved parcel, creating a combined offering with additional land. A playground currently occupies part of the lot and is used by Friendship Community Care.
The property sits directly off Interstate 49 and is near the Pinnacle area of Rogers. The surrounding area includes the Pinnacle Hills Promenade and planned Pinnacle Heights mixed-use development, with residential and retail components identified in the property information.
The property sits directly off Interstate 49 and is near the Pinnacle area of Rogers. The surrounding area includes the Pinnacle Hills Promenade and planned Pinnacle Heights mixed-use development, with residential and retail components identified in the property information.
Key Highlights
- 64,647 SF office building
- Fully leased to two tenants
- Adjacent 1.18‑acre unimproved Lot 23 included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,003,179
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,063,580
$20.1M
Cap Rate 7%
$14,331,129
$14.3M
Cap Rate 9%
$11,146,433
$11.1M
Market Conditions
NOI Build-Up for 64,647 SF
Gross rent
$1.44M $22.20/SF
− Vacancy
−$97.6K −$1.51/SF
EGI
$1.34M $20.69/SF
− OpEx
−$334.4K −$5.17/SF
NOI
$1.00M $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%
$20,063,580
Cap Rate 7%
$14,331,129
Cap Rate 9%
$11,146,433
Alternative Uses
Best Use
Office B
$14.33M
$12.54M – $16.72M
NOI $1,003,179 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.77M
$15.54M – $20.73M
NOI $1,243,581 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 72758, AR
45,105
Population
18,145
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
88%
High-School Grad
31.3 sq mi
ZIP Area
1,441
Density / Sq Mi
$94,605
Median Household Income
$49,856
Median Earnings
$1,300
Median Rent
$358,200
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?
Office building - Two tenants occupy the building, with an adjacent unimproved parcel included in the offering.
Where is this office building located?
The property is located at 3605 W Southern Hills Boulevard Rogers, AR.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: 64,647 SF office building; Fully leased to two tenants; Adjacent 1.18‑acre unimproved Lot 23 included
