Concrete Office
For Sale
$285,000
624 N B Street, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size1,400 SF
Lot Size0.38 Acres
Price / SF$203.57
Days on Market152
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
Asphalt, Shingle
Listing Agency:
Lindsey & Assoc Inc Branch
(479) 636-2200
Listed By:
Amber Glover · License #SA00088728
(479) 366-7036
Added: Mar 24
Changed: Aug 21
Last Checked: Aug 22 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 contains 1,400 square feet on a 0.38-acre parcel. Block and concrete construction is paired with concrete and tile flooring, central heating, central air conditioning, and an asphalt shingle roof.
The property is located at 624 N B Street in downtown Rogers, within Benton County. The surrounding area includes established businesses, dining destinations, and local attractions, with visibility and consistent traffic noted for the property.
The combination of a defined office classification, durable construction materials, and central climate systems provides a straightforward commercial building profile.
The property is located at 624 N B Street in downtown Rogers, within Benton County. The surrounding area includes established businesses, dining destinations, and local attractions, with visibility and consistent traffic noted for the property.
The combination of a defined office classification, durable construction materials, and central climate systems provides a straightforward commercial building profile.
Key Highlights
- 1,400‑square‑foot office building on a 0.38‑acre parcel
- Block and concrete construction
- Concrete and tile flooring
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
7.62%
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 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.7K
$336.6K – $448.9K
NOI $26,931 @ 7.0% cap · market cap 9.45%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Central heating and air conditioning support an office property with concrete and tile flooring.
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 $285,000.
What are key features of this property?
This property features: 1,400‑square‑foot office building on a 0.38‑acre parcel; Block and concrete construction; Concrete and tile flooring
