Office
For Sale
$375,000
624 N B Street, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size1,400 SF
Lot Size0.38 Acres
Price / SF$267.86
Days on Market150
Property Features for 624 N B Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Lot features
Central Business District, City Lot
Directions
Hwy 12 to Locust St / L on N B / Property will be down on left.
Standard status
Active
APN
02-00199-000
Size
1,400 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
PT NW NW BEG 345'N NW/C L 1 BLK 32 B F SIKES ADD E205' N81 1/2' W205' S81 1/2' TO BEG
Tax Annual Amount
1181
Legal Description
PT NW NW BEG 345'N NW/C L 1 BLK 32 B F SIKES ADD E205' N81 1/2' W205' S81 1/2' TO BEG
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Flooring type
Concrete, Tile
Building materials
Block, Concrete
Roof type
Shingle, Asphalt
Listing Agency:
Lindsey & Assoc Inc Branch
(479) 636-2200
Listed By:
Amber Glover · License #SA00088728
(479) 366-7036
Added: Mar 24
Changed: Aug 19
Last Checked: Aug 20 at 2:06PM
MLS# 1340346
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 building provides 1,400 square feet of commercial space on a 0.38-acre parcel. The structure uses block and concrete construction, with concrete and tile flooring throughout. Central heating and central air conditioning serve the building, while the roof combines shingle and asphalt materials.
The property is located at 624 N B Street in downtown Rogers, within an area described as being surrounded by established businesses, dining destinations, and local attractions. Its setting places the office asset among existing commercial activity in the Rogers market.
The property is located at 624 N B Street in downtown Rogers, within an area described as being surrounded by established businesses, dining destinations, and local attractions. Its setting places the office asset among existing commercial activity in the Rogers market.
Key Highlights
- 1,400‑square‑foot office building
- 0.38‑acre parcel
- Block and concrete construction
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
$21,725
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
5.79%
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%
$434,500
$434.5K
Cap Rate 7%
$310,357
$310.4K
Cap Rate 9%
$241,389
$241.4K
Market Conditions
NOI Build-Up for 1,400 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
$31.1K $22.20/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$29.0K $20.69/SF
− OpEx
−$7.2K −$5.17/SF
NOI
$21.7K $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%
$434,500
Cap Rate 7%
$310,357
Cap Rate 9%
$241,389
Alternative Uses
Best Use
Office B
$310.4K
$271.6K – $362.1K
NOI $21,725 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.7K
$336.6K – $448.9K
NOI $26,931 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
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
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 - Concrete and block construction includes central heating and air conditioning.
Where is this office building located?
The property is located at 624 N B Street Rogers, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,400‑square‑foot office building; 0.38‑acre parcel; Block and concrete construction
