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    1441 Pleasant Grv Rd Rogers, AR 72758-8054
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    Property profile & analytics

    1441 Pleasant Grv Rd Rogers, AR 72758-8054

    View on Map
    • Office buildings
    • 4,689 SF
    • 13.61 lot acres
    Off-Market
    Last Sale Oct 25, 2021
    Property ID
    US05-0373621
    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
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farmers Insurance - Regina Shadowens / Insurance Agency
    • SpareBox Storage / Storage Facility

    Property Details for 1441 Pleasant Grv Rd

    Year built
    2006
    Lot size
    13.61 lot acres
    Property size
    4,689 SF
    Property type
    Office buildings
    APN
    02-02087-147
    APU
    202087147

    Description

    This exceptional 1,000-square-foot office space, located at 1441 W Pleasant Grove Rd in Rogers, Arkansas (zip code 72758), offers a versatile layout suitable for both creative and traditional office setups. Situated in an eleven-building, two-story complex constructed in 1995, this single-tenant space provides ample opportunity for customization. The property boasts a well-appointed conference room, ideal for meetings and presentations, complemented by individual offices ensuring privacy and focused work environments. Significant storage space is included, addressing the needs of various businesses. The layout is adaptable, allowing tenants to configure the space to perfectly match their operational requirements. This is a fantastic opportunity to secure a functional and adaptable workspace in a well-maintained building within a convenient Rogers location. The property is ready for immediate occupancy. The address is 1441 W Pleasant Grove Rd, Rogers, AR 72758.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,295,000
      6.5%
      $1,195,000
      7%
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,101,000
      Market price range: $405k - $1.10M
      AI Estimate
      $844,000
      Market price range: $157k - $845k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $775,000
      Current use
      COMMERCIAL (GENERAL)
      $1,395,000
      Change: +80% Conversion: Easy
      MEDICAL BUILDING
      $1,280,000
      Change: +66% Conversion: Easy
      RETAIL STORES
      $1,005,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $940,000
      Change: +21% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $840,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1384
    Latitude
    36.2852
    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
    $111,873
    $733,713
    $1,381,091
    $2,114,804
    -
    $3,668,565
    $6,905,455
    $10,574,020

    Comparable in this City

    • Value Estimation by Request
      360 SF

      201 20th St

      OFFICE BUILDING • 360 SF
      201 20th St, Rogers, AR 72758-1104
      View Details
    • Value Estimation by Request
      2,398 SF

      304 20th St

      OFFICE BUILDING • 2,398 SF
      304 20th St, Rogers, AR 72758-1105
      View Details
    • Value Estimation
      $11,385,000
      97,438 SF

      1800 52nd St

      OFFICE BUILDING • 97,438 SF
      1800 52nd St, Rogers, AR 72758-8614
      View Details
    • Value Estimation
      $1,080,000
      22,175 SF

      401 New Hope Rd

      OFFICE BUILDING • 22,175 SF
      401 New Hope Rd, Rogers, AR 72758
      View Details
    • Value Estimation
      $2,575,000
      19,200 SF

      5500 Pinnacle Pointe Dr

      OFFICE BUILDING • 19,200 SF
      5500 Pinnacle Pointe Dr, Rogers, AR 72758-8154
      View Details
    • Value Estimation
      $1,855,000
      13,704 SF

      5431 Pinnacle Pointe Dr

      OFFICE BUILDING • 13,704 SF
      5431 Pinnacle Pointe Dr, Rogers, AR 72758-8118
      View Details

    Similar Nearby for Sale

    • New
      $4,148,250
      11,062 SF

      Northwest Arkansas Office Park

      Office, retail, restaurant, and medical space in Rogers, AR.
      5209 W Village Pkwy, Rogers, AR 72758
      View Details
    • $4,148,250
      11,062 SF

      Northwest Arkansas Office Park Space

      Office, retail, restaurant, and medical space in Rogers, Arkansas.
      5209 W Village Pkwy, Rogers, AR 72758
      View Details
    • $17,000,000
      7.46 Acres

      Rogers Office Building and Land

      Fully leased office building with development potential near Pinnacle Hills.
      3605 W Southern Hills Blvd, Rogers, AR 72758
      View Details
    • Contact for pricing
      56,482 SF

      Rogers Office Building For Sale

      Office building with 56,482 square feet of space.
      808 S 52Nd St, Rogers, AR 72758
      View Details
    • $17,000,000
      64,647 SF

      Fully Leased Rogers Office Building

      64,647 SF office building with additional 1.18-acre lot.
      3605 W Southern Hills Blvd, Rogers, AR 72758
      View Details
    • $1,667,400
      Pending

      Rogers Office/Medical Building For Sale

      Office/medical building with superior noise control in desirable location.
      5311 Village Pkwy, Rogers, AR 72758
      View Details

    Similar Nearby for Lease

    • New
      $21 SF/Yr
      11,062 SF

      Rogers, AR Commercial Space

      Office, retail, restaurant, and medical space in Rogers, AR.
      5209 W Village Pkwy, Rogers, AR 72758
      View Details
    • New
      $24 SF/Yr
      41,464 SF

      Rogers Office Space For Lease

      Available office space in Rogers, near Interstate 49.
      3605 Southern Hills Blvd, Rogers, AR 72758
      View Details
    • New
      $32 SF/Yr
      53,656 SF

      Redeveloped Office Space in Rogers

      53,650 SF office building in desirable Village on the Creeks.
      5211 Village Pkwy, Rogers, AR 72758
      View Details
    • $25 SF/Yr
      7,608 SF

      Office Space in Pinnacle Hills

      New construction office park in Rogers, Arkansas, Pinnacle Hills.
      3801 W Financial Pkwy, Rogers, AR 72758
      View Details
    • $30 SF/Yr
      1,200 SF

      Mixed-Use Property on Promenade Boulevard

      Mixed-use property ideal for live/work, office, or retail.
      305 S Promenade Blvd, Rogers, AR 72758
      View Details
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    Rogers, AR 72758-8054
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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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