Two-Floor Office
For Sale
$4,148,250
5209 W Village Parkway, Rogers, AR 72758
CommercialSale, Rogers, AR
Property Size11,062 SF
Price / SF$375
Days on Market447
Property Features for 5209 W Village Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Business Park, Central Business District, City Lot
Directions
I-49 Exit 53, west on New Hope Road, North on 52nd Street, west on Village Parkway, second building on the right.
Standard status
Active
APN
02-13642-000
Size
11,062 SF
Taxes and HOA fees
Tax Description
PLAT 20-215 LOT SPLIT 1-501 8/13/98 LOT SPLIT P-1-694 10/23/98
Legal Description
PLAT 20-215 LOT SPLIT 1-501 8/13/98 LOT SPLIT P-1-694 10/23/98
Amenities
walking trail on Razorback Greenway
lake
Building Details
Year built
1998
Floors in Building
2
Flooring type
Carpet, Tile
Listing Agency:
Devereux Group
(479) 464-4292
Listed By:
Pat Morrison · License #EB00015490
(479) 936-4200
Added: Jul 15, 2025
Changed: Sep 15
Last Checked: Oct 4 at 9:06PM
MLS# 1314740
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 11,062-square-foot office building occupies two full floors and includes 32 offices, two file rooms, two conference rooms, and a breakroom. Tile and carpet flooring support a varied professional office layout, and the property was built in 1998.
Located at 5209 W Village Parkway in Rogers, the property is part of Village on the Creeks, an office park with office, retail, restaurant, and medical tenants. The setting includes access to a walking trail along the Razorback Greenway and views of an on-site lake.
Located at 5209 W Village Parkway in Rogers, the property is part of Village on the Creeks, an office park with office, retail, restaurant, and medical tenants. The setting includes access to a walking trail along the Razorback Greenway and views of an on-site lake.
Key Highlights
- 11,062‑square‑foot office building
- Two full floors with 32 total offices
- Two file rooms and two conference rooms
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
$171,658
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
4.14%
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%
$3,433,160
$3.4M
Cap Rate 7%
$2,452,257
$2.5M
Cap Rate 9%
$1,907,311
$1.9M
Market Conditions
NOI Build-Up for 11,062 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
$245.6K $22.20/SF
− Vacancy
−$16.7K −$1.51/SF
EGI
$228.9K $20.69/SF
− OpEx
−$57.2K −$5.17/SF
NOI
$171.7K $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 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%
$3,433,160
Cap Rate 7%
$2,452,257
Cap Rate 9%
$1,907,311
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,658 @ 7.0% cap · market cap 4.14%
Second Best
Mixed Use
$1.10M
$962.4K – $1.28M
NOI $76,992 @ 7.0% cap · market cap 1.86%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,794 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
32
Office units
Location Intelligence
Trade Area within ½ mile
927
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured for professional use with private offices, conference rooms, file rooms, and a breakroom.
Where is this office building located?
The property is located at 5209 W Village Parkway Rogers, AR.
What is the asking price?
The asking price for this property is $4,148,250.
What are key features of this property?
This property features: 11,062‑square‑foot office building; Two full floors with 32 total offices; Two file rooms and two conference rooms
