Two-Floor Office
For Sale
$4,148,250
5209 W Village Parkway, Rogers, AR 72758
COMMERCIAL - Rogers, AR
Property Size11,062 SF
Price / SF$375
Days on Market402
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
conference rooms
breakroom
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: Aug 19
Last Checked: Aug 20 at 4:06PM
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 office property contains 11,062 square feet across two full floors, with 32 offices, two file rooms, two conference rooms, and a breakroom. Carpet and tile flooring are installed throughout, and the building was constructed in 1998.
The property is part of Village on the Creeks at 5209 W Village Parkway in Rogers. The office park includes office, retail, restaurant, and medical tenants, along with a walking trail on the Razorback Greenway and a lake. These shared outdoor features provide on-site amenities within the broader commercial setting.
The property is part of Village on the Creeks at 5209 W Village Parkway in Rogers. The office park includes office, retail, restaurant, and medical tenants, along with a walking trail on the Razorback Greenway and a lake. These shared outdoor features provide on-site amenities within the broader commercial setting.
Key Highlights
- 11,062‑square‑foot office property with two full floors
- 32 total offices, two file rooms, and two conference rooms
- Breakroom included within the office layout
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
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
32
Office units
Multi-tenant
Tenancy
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
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 with multiple 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 property with two full floors; 32 total offices, two file rooms, and two conference rooms; Breakroom included within the office layout
