Two-Tenant Warehouse
For Sale
$3,500,000
3850 S Honeysuckle, Rogers, AR 72758
COMMERCIAL - Rogers, AR
Property Size13,760 SF
Lot Size2.57 Acres
Price / SF$254.36
Days on Market87
Property Features for 3850 S Honeysuckle
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Industrial
Exterior features
Storage
Lot features
Business Park, Central Business District, City Lot
Directions
North on I49 Exit 81 onto Pleasant Grove Rd turn right turn left on Honeysuckle two entrances/exits
Standard status
Active
APN
02-25020-000
Size
13,760 SF
Lot size
2.57 Acres
Taxes and HOA fees
Tax Description
PLAT 7/13/2023 L202335447
Tax Annual Amount
1614
Legal Description
PLAT 7/13/2023 L202335447
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Additional Structures
Storage
Listing Agency:
Keller Williams Market Pro Realty Branch Office · Keller Williams Realty
(479) 657-6797
Listed By:
Gleghorn Team
(479) 633-3077
Added: May 25
Changed: Aug 19
Last Checked: Aug 19 at 12:06PM
MLS# 1348634
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 13,760-square-foot warehouse property occupies 2.57 acres and is configured for two tenants. The asset includes storage space and is fully leased, providing an established occupancy profile for an industrial property buyer.
The site is positioned near I-49 and Pleasant Grove Road in Rogers, with access to the broader Rogers and Bentonville market. Its location places the property within a corridor described as experiencing ongoing residential and commercial expansion, while the regional setting connects to Northwest Arkansas employment and commercial activity.
The site is positioned near I-49 and Pleasant Grove Road in Rogers, with access to the broader Rogers and Bentonville market. Its location places the property within a corridor described as experiencing ongoing residential and commercial expansion, while the regional setting connects to Northwest Arkansas employment and commercial activity.
Key Highlights
- 13,760‑square‑foot warehouse property on 2.57 acres
- Two‑tenant configuration with full occupancy
- Storage space included
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
$139,441
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
3.98%
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%
$2,788,820
$2.8M
Cap Rate 7%
$1,992,014
$2.0M
Cap Rate 9%
$1,549,344
$1.5M
Market Conditions
NOI Build-Up for 13,760 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
$231.2K $16.80/SF
− Vacancy
−$16.6K −$1.21/SF
EGI
$214.5K $15.59/SF
− OpEx
−$75.1K −$5.46/SF
NOI
$139.4K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$2,788,820
Cap Rate 7%
$1,992,014
Cap Rate 9%
$1,549,344
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,441 @ 7.0% cap · market cap 3.98%
Second Best
Warehouse
$898.3K
$786.0K – $1.05M
NOI $62,878 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$3.78M
$3.31M – $4.41M
NOI $264,694 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Superior Storage - Rogers — 2600 S 8th St, Rogers, AR 72758
- Mockingbird Storage — 2851 Honeysuckle Ln, Rogers, AR 72758
- Quick And Easy Storage — 4100 Honeysuckle Ln, Rogers, AR 72758
- SpareBox Storage — 1441 W Pleasant Grove Rd, Rogers, AR 72758
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse asset with storage space and regional access near I-49 and Pleasant Grove Road.
Where is this warehouse located?
The property is located at 3850 S Honeysuckle Rogers, AR.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13,760‑square‑foot warehouse property on 2.57 acres; Two‑tenant configuration with full occupancy; Storage space included
