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    Property profile & analytics

    204 24th St Rogers, AR 72758-1129

    • Office buildings
    • 8,000 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0240755
    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

    • Lyndsey Cryer / Social Worker
    • Teresa Wren / Social Worker
    • Emilie Staryak / Counselor / Medical School
    • First Mortgage of Rogers / Mortgage Lender
    • Cheryl Funsch Smith / Psychologist

    Property Details for 204 24th St

    Year built
    2005
    Lot size
    0.72 lot acres
    Property size
    8,000 SF
    Property type
    Office buildings
    APN
    02-01054-002
    APU
    201054002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $408,000
      Market price range: $267k - $1.44M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1522
    Latitude
    36.3332
    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
    $6,395
    $40,980
    $79,910
    $120,890
    -
    $204,900
    $399,550
    $604,450

    Comparable in this City

    • Value Estimation
      $325,000
      3,782 SF

      8982 Kennedy Rd

      OFFICE BUILDING • 3,782 SF
      8982 Kennedy Rd, Rogers, AR 72758-9671
      View Details
    • Value Estimation
      $465,000
      4,689 SF

      1441 Pleasant Grv Rd

      OFFICE BUILDING • 4,689 SF
      1441 Pleasant Grv Rd, Rogers, AR 72758-8054
      View Details
    • Value Estimation
      $320,000
      6,604 SF

      1928 Cierra Dr

      OFFICE BUILDING • 6,604 SF
      1928 Cierra Dr, Rogers, AR 72758-7591
      View Details
    • Value Estimation
      $305,000
      2,631 SF

      1907 17th St

      OFFICE BUILDING • 2,631 SF
      1907 17th St, Rogers, AR 72758-6202
      View Details
    • Value Estimation
      $335,000
      3,906 SF

      201 19th St

      OFFICE BUILDING • 3,906 SF
      201 19th St, Rogers, AR 72758-1119
      View Details
    • Value Estimation
      $385,000
      9,882 SF

      201 19th St

      OFFICE BUILDING • 9,882 SF
      201 19th St, Rogers, AR 72758-1119
      View Details

    Similar Nearby for Sale

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    • $17,000,000
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      Fully Leased Rogers Office Building

      64,647 SF office building with stable income stream.
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    • Contact for pricing
      4,077 SF

      Rogers Office Building For Sale

      Office building with ample parking and large courtyard in Rogers.
      4500 S Dixieland Rd, Rogers, AR 72758
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      9,896 SF

      Rogers Office Space with Loading

      Class A office space with loading dock and easy access.
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    • Contact for pricing
      7,898 SF

      Modern Office Space in Rogers

      Sublease opportunity in Pinnacle Hills with immediate occupancy.
      3701 S Pinnacle Hills Pkwy, Rogers, AR 72758
      View Details

    Similar Nearby for Lease

    • $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
    • $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.
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      View Details
    • $23 SF/Yr
      22,072 SF

      Rogers Executive Office Space

      Modern Office Suites, 2,228 - 10,586 SF
      5506 Walsh Ln, Rogers, AR 72758
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    • $20 SF/Yr
      3,658 SF

      Rogers Office Space For Rent

      Office space available near business and entertainment amenities in Rogers.
      5414 W Pinnacle Pointe Dr, Rogers, AR 72758
      View Details
    • $38 SF/Yr
      28,000 SF

      Class A Medical Office Space

      Class A medical office space for lease in Rogers, AR.
      S Promenade Blvd, Rogers, AR 72758
      View Details
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    204 24th St
    Rogers, AR 72758-1129
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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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