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    2002 Promenade Blvd Rogers, AR 72758-9073

    • Drive through restaurants
    • 2,296 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0450642
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Slim Chickens / Lunch Restaurant / Chicken Shop

    Property Details for 2002 Promenade Blvd

    Year built
    2013
    Lot size
    0.85 lot acres
    Property size
    2,296 SF
    Property type
    Drive through restaurants
    APN
    02-19294-001
    APU
    219294001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $311,000
      Market price range: $136k - $320k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1798
    Latitude
    36.3127
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,481
    $148,930
    $87,010
    $235,940
    -
    $744,650
    $435,050
    $1,179,700

    Comparable in this City

    • Value Estimation
      $420,000
      3,044 SF

      4125 26th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,044 SF
      4125 26th St, Rogers, AR 72758-6051
      View Details
    • Value Estimation
      $520,000
      5,066 SF

      4893 Pauline Whitaker Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,066 SF
      4893 Pauline Whitaker Pkwy, Rogers, AR 72758-5062
      View Details
    • Value Estimation
      $375,000
      3,227 SF

      2044 Pleasant Grv Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,227 SF
      2044 Pleasant Grv Rd, Rogers, AR 72758-8096
      View Details
    • Value Estimation
      $510,000
      3,224 SF

      4335 Pleasant Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,224 SF
      4335 Pleasant Dr, Rogers, AR 72758
      View Details
    • Value Estimation
      $1,505,000
      2,812 SF

      4301 Pleasant Xing Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,812 SF
      4301 Pleasant Xing Blvd, Rogers, AR 72758-1347
      View Details
    • Value Estimation
      $455,000
      3,794 SF

      4195 Pinnacle Hls Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,794 SF
      4195 Pinnacle Hls Pkwy, Rogers, AR 72758-6270
      View Details

    Similar Nearby for Sale

    • $1,100,000
      714 SF

      Drive-Thru Restaurant For Sale

      714 SF drive-thru restaurant built in 2024 on 1.22 acres.
      1607 W New Hope Rd, Rogers, AR 72758
      View Details
    • $6,100,000
      11,400 SF

      New Construction Retail Building For Sale

      New construction retail building in a rapidly growing area.
      5400 S Pinnacle Hills Pkwy, Rogers, AR 72758
      View Details
    • New
      $1,500,000
      1.05 Acres

      Prime Commercial Land in Rogers

      High-visibility commercial land with development potential in a high-traffic area.
      303 S Promenade Blvd, Rogers, AR 72758
      View Details
    • $1,300,000
      8,100 SF

      High-Visibility Commercial Site in Rogers

      Commercial site with high traffic and major visibility.
      2103 S 8Th St, Rogers, AR 72758
      View Details
    • $100,000
      9,282 SF

      Profitable Convenience Store and Gas

      Established convenience store and gas station in a busy center.
      1710 W Hudson Rd, Rogers, AR 72758
      View Details
    • $790,000
      2,500 SF

      Marque Collection Commercial Condo Suites

      High-end commercial condos in a gated community, customizable to needs.
      2101 7Th St, Rogers, AR 72758
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      3,000 SF

      Retail Space with High Visibility

      Retail space with excellent visibility, access, and front door parking.
      5505 W Northgate Rd, Rogers, AR 72758
      View Details
    • $27 SF/Yr
      7,650 SF

      Pleasant Crossing Office Suites

      Modern Offices, Northwest Arkansas
      4311 Pleasant Crossing Blvd, Rogers, AR 72758
      View Details
    • $38 SF/Yr
      14,373 SF

      Rogers Retail Space: Pinnacle Hills

      Prime retail spaces in thriving Rogers, AR.
      0 Rogers Ar, Rogers, AR 72758
      View Details
    • $13 SF/Yr
      1,700 SF

      Retail/Office Space Available For Lease

      Open floor plan suitable for retail or office uses.
      306-308 N 24Th St, Rogers, AR 72758
      View Details
    • $24 SF/Yr
      1,350 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic neighborhood center.
      2301 W Pleasant Grove Rd, Rogers, AR 72758
      View Details
    • $25 SF/Yr
      15,250 SF

      Rogers Retail Space For Lease

      Retail space available for lease in Rogers, Arkansas.
      5403-5415 W Pinnacle Pointe Dr, Rogers, AR 72758
      View Details
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    2002 Promenade Blvd
    Rogers, AR 72758-9073
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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