Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117 Walnut St Rogers, AR 72756
    Back to Search
    Property profile & analytics

    117 Walnut St, Rogers, AR 72756

    View on Map
    • Bars & Pubs
    • 8,648 SF
    • 0.15 lot acres
    For Sale
    $1,375,000
    View Listing →
    Historic Rogers Event Venue For Sale
    $1,375,000
    8,648 SF

    Historic Rogers Event Venue

    Charming Downtown Rogers Gem, 8,648 sq ft

    117 Walnut St, Rogers, AR 72756
    View Listing
    Property ID
    US05-0016859
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Moonbroch / Clothing & Fashion Store

    Property Details for 117 Walnut St

    Lot size
    0.15 lot acres
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    02-02186-000
    APU
    202186000

    Description

    This exceptional 8,648-square-foot property at 117 W. Walnut Street in historic downtown Rogers, Arkansas, presents a unique investment opportunity. Built in 1898, this landmark building boasts a rich history, having served as a farm and supply store, and subsequently housed various businesses including doctor's offices, a funeral home, hardware and automotive shops, restaurants, and most notably, the popular "Grand at 117" event venue. The property features a grand entrance leading to a high-ceilinged great room, complete with iron chandeliers and stunning views of grand staircases and a mezzanine balcony. Ideal for continued use as a restaurant or event space, the building includes a full-size commercial kitchen, a robust hood vent system, two walk-in coolers, and a glycol tap system for both first and second-floor bars. Ample storage is available in the full-height basement. Recent upgrades include newer HVAC units and a new roof installed in 2024. Enjoy ambient outdoor patio seating and take advantage of additional municipal parking located behind the building, enhanced by Rogers' attractive alley lightscapes. This prime location is adjacent to the Experimental House and near Railyard Park, Butterfield Stage, and APT, offering excellent visibility and accessibility. The 0.15-acre lot provides ample space for various uses. Priced at $1,375,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1171
    Latitude
    36.3335
    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
    $8,223
    $5,984
    $149,453
    $155,437
    -
    $29,920
    $747,265
    $777,185

    Comparable in this City

    • Value Estimation by Request
      6,320 SF

      14528 Ar-12

      Restaurants
      14528 Ar-12, Little Flock, AR 72756
      View Details
    • Value Estimation by Request
      6,320 SF

      14528 Ar-12

      Restaurants
      14528 Ar-12, Little Flock, AR 72756
      View Details
    • Value Estimation
      $1,740,000
      7,536 SF

      116 2nd St

      BAR, TAVERN
      116 2nd St, Rogers, AR 72756-4526
      View Details
    • Value Estimation
      $820,000
      4,000 SF

      300 1st St

      BAR, TAVERN
      300 1st St, Rogers, AR 72756-4565
      View Details
    • Value Estimation by Request
      4,614 SF

      200 Poplar St

      RESTAURANT
      200 Poplar St, Rogers, AR 72756-4557
      View Details
    • Value Estimation
      $990,000
      22,220 SF

      101 Walnut St

      RESTAURANT
      101 Walnut St, Rogers, AR 72756-6621
      View Details

    Similar Nearby for Sale

    • $750,000
      6,320 SF

      Restaurant/Bar Space For Sale

      Restaurant/bar space for sale in East Rogers, Arkansas.
      14528 Highway 12 E, Rogers, AR 72756
      View Details
    • Contact for pricing
      6,320 SF

      Restaurant/Bar Space Near Beaver Lake

      Restaurant/bar with expansion potential near Prairie Creek Marina.
      14528 Highway 12 E, Rogers, AR 72756
      View Details
    • Contact for pricing
      Pending

      Restaurant Building in Scottsdale Center

      6,000 SF restaurant building for sale near national retailers.
      609 N 46Th St, Rogers, AR 72756
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,500 SF

      Downtown Rogers Commercial Space Available

      1500 SF space in revitalized downtown Rogers district.
      203 W Wood St, Rogers, AR 72756
      View Details
    • $11 SF/Yr
      4,000 SF

      Downtown Rogers Commercial Space For Rent

      Prime commercial space in vibrant Downtown Rogers entertainment district.
      300 S 1St St, Rogers, AR 72756
      View Details
    • Contact for pricing
      600 SF

      Prime Retail Space in Rogers

      High-visibility retail space with ample parking and strong demographics.
      400 S 8Th St, Rogers, AR 72756
      View Details
    • New
      $31 SF/Yr
      1,238 SF

      Turnkey Restaurant in Downtown Rogers

      Fully equipped restaurant space with premier patio in downtown Rogers.
      113 S 2Nd St, Rogers, AR 72756
      View Details
    • $17 SF/Yr
      2,000 SF

      Restaurant Space in Rogers, AR

      Restaurant space available in high-traffic Rogers shopping center.
      115 N Dixieland Rd, Rogers, AR 72756
      View Details
    • $20 SF/Yr

      Retail Outparcel Near I-49

      Retail space with excellent visibility and access to I-49.
      529 N 46Th St, Rogers, AR 72756
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Walnut St
    Rogers, AR 72756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 Walnut St, Rogers, AR, 72756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!