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    2000 Promenade Blvd Rogers, AR 72758-9073

    • High-rise multifamily apartments
    • 1,491 SF
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    3.8%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US05-2246170
    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

    • Steven Kory / Psychiatrist / Practitioner Service Location
    • United Federal Credit Union - Promenade / Federal Credit Union / Atm
    • SOLACE NAILS SPA / Nail Salon / Spa
    • After 5 / Bar & Grill
    • Rita Giglio / Nurse Practitioner

    Property Details for 2000 Promenade Blvd

    Property size
    1,491 SF
    Property type
    High-rise multifamily apartments
    APN
    02-19294-033
    APU
    219294033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $194,000
      Market price range: $172k - $195k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $500,000
      Current use
      COMMERCIAL (GENERAL)
      $445,000
      Change: -11% Conversion: Moderate
      MEDICAL BUILDING
      $410,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1798
    Latitude
    36.3136
    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
    $3,816
    $0.00
    $72,140
    $72,140
    -
    $0.00
    $360,700
    $360,700

    Comparable in this City

    • Value Estimation
      $255,000
      1,495 SF

      2000 Promenade Blvd

      HIGH-RISE APARTMENTS • 1,495 SF
      2000 Promenade Blvd, Rogers, AR 72758-9073
      View Details
    • Value Estimation
      $310,000
      1,233 SF

      2000 Promenade Blvd

      HIGH-RISE APARTMENTS • 1,233 SF
      2000 Promenade Blvd, Rogers, AR 72758-9073
      View Details
    • Value Estimation
      $305,000
      2,404 SF

      2100 New Hope Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,404 SF
      2100 New Hope Rd, Rogers, AR 72758-5626
      View Details
    • Value Estimation
      $285,000
      2,206 SF

      2100 New Hope Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,206 SF
      2100 New Hope Rd, Rogers, AR 72758-5626
      View Details
    • Value Estimation
      $290,000
      2,407 SF

      2100 New Hope Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,407 SF
      2100 New Hope Rd, Rogers, AR 72758-5626
      View Details
    • Value Estimation
      $300,000
      2,375 SF

      2100 New Hope Rd, Unit 2203

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,375 SF
      2100 New Hope Rd, Rogers, AR 72758-5676
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,428 SF

      Rogers Four-Plex Investment Opportunity

      Rare quadplex in prime location with solid rental activity.
      2755-2763 W Kilimanjaro Way Unit Units A-D, Rogers, AR 72758
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    • $445,900
      2,084 SF

      Updated Duplex in Central Rogers

      Updated duplex with Airbnb potential, central location, and strong cashflow.
      1325-1327 W New Hope Rd, Rogers, AR 72758
      View Details
    • $2,200,000
      2.36 Acres

      Prime Rogers Land Redevelopment Opportunity

      2.36 acres in Rogers, AR, ideal for mixed-use development.
      315 S Promenade Blvd, Rogers, AR 72758
      View Details
    • $2,500,000
      1,245 SF

      Income-Producing Mobile Home Park

      Mobile home park on 2.7 acres near Highway 71B.
      1904 8Th St, Rogers, AR 72758
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    • $4,299,000
      13.35 Acres

      Rogers Multifamily Development Opportunity

      13.35 Acres, High-Growth Area, Zoned T5.1
      1501 Rainbow Rd, Rogers, AR 72758
      View Details
    • $1,250,000
      6,584 SF

      Rogers Four-Plex Investment Opportunity

      Four-plex in prime Rogers location with solid rental activity.
      2701-2707 W Shasta Rd, Rogers, AR 72758
      View Details

    Similar Nearby for Lease

    • $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
    • $91,911
      87,556 SF

      Rogers, AR Commercial Land Opportunity

      Prime 2-acre retail land, high visibility.
      1707 Pleasant Grove Rd, Rogers, AR 72758
      View Details
    • $35 SF/Yr
      4,596 SF

      3720 S Champions Dr, Rogers, AR

      Office space • 4,596 SF
      3720 S Champions Dr, Rogers, AR 72758
      View Details
    • $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
    • $28 SF/Yr
      5,638 SF

      Rogers Office Space Sublease Opportunity

      Sublease opportunity with 5,638 square feet of office space.
      5102 S Pinnacle Hills Pkwy, Rogers, AR 72758
      View Details
    • $32 SF/Yr
      1,405 SF

      Modern Office Suite in Rogers

      1,405 SF office suite in Pinnacle Hills area.
      4206 South Jb Hunt Dr, Rogers, AR 72758
      View Details
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    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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