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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    216 2nd St Rogers, AR 72756-6645

    • Office buildings
    • 2,820 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2418752
    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

    • Nizer Auto Parts Rogers / Auto Repair Shop / Repair Service

    Property Details for 216 2nd St

    Lot size
    0.64 lot acres
    Property size
    2,820 SF
    Property type
    Office buildings
    APN
    02-02156-000
    APU
    202156000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $436,000
      Market price range: $112k - $436k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $395,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $425,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1175
    Latitude
    36.3348
    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
    $5,807
    $23,750
    $86,020
    $109,770
    -
    $118,750
    $430,100
    $548,850

    Comparable in this City

    • Value Estimation
      $330,000
      1,841 SF

      424 Walnut St

      OFFICE BUILDING • 1,841 SF
      424 Walnut St, Rogers, AR 72756-4542
      View Details
    • Value Estimation
      $835,000
      101,690 SF

      922 Walnut St

      OFFICE BUILDING • 101,690 SF
      922 Walnut St, Rogers, AR 72756-3540
      View Details
    • Value Estimation
      $260,000
      912 SF

      4430 Hudson Rd

      OFFICE BUILDING • 912 SF
      4430 Hudson Rd, Rogers, AR 72756-9077
      View Details
    • Value Estimation
      $240,000
      2,372 SF

      324 1st St

      OFFICE BUILDING • 2,372 SF
      324 1st St, Rogers, AR 72756-4565
      View Details
    • Value Estimation
      $250,000
      888 SF

      203 24th St

      OFFICE BUILDING • 888 SF
      203 24th St, Rogers, AR 72756-3206
      View Details
    • Value Estimation
      $700,000
      117,522 SF

      1805 2nd St

      OFFICE BUILDING • 117,522 SF
      1805 2nd St, Rogers, AR 72756-2423
      View Details

    Similar Nearby for Sale

    • $2,494,000
      11,600 SF

      Two-Story Office Building For Sale

      11,600 SF office building with high-end finishes and natural light.
      119 S 2Nd St, Rogers, AR 72756
      View Details
    • $4,000,000
      21,693 SF

      Fully Occupied Rogers Office Building

      Turnkey investment opportunity near Walmart Home Office in Rogers, AR.
      1700 Industrial Dr, Rogers, AR 72756
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    • $650,000
      1,792 SF

      Rogers Office Building For Sale

      Professional office building in a prime Rogers location.
      2 Halsted Cir, Rogers, AR 72756
      View Details
    • $700,000
      2,717 SF

      Downtown Rogers Corner Office Building

      Prime office building in Downtown Rogers with parking and green space.
      221 W Chestnut St, Rogers, AR 72756
      View Details
    • $450,000
      2,962 SF

      Rogers Office Building with Residence

      Prime Rogers location, office & home!
      1406 Prairie Creek Dr, Rogers, AR 72756
      View Details
    • Contact for pricing
      3,050 SF

      Rogers Retail/Office Space For Sale

      Centrally located retail/office space with convenient access and parking.
      306 N 24Th St, Rogers, AR 72756
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      6,800 SF

      Rogers Office Space For Rent

      Office space available in Rogers with high traffic volume.
      3169 W Walnut St, Rogers, AR 72756
      View Details
    • $23 SF/Yr
      1,671 SF

      Rogers Office Space Available

      Office space available for lease in Rogers, Arkansas.
      901 N 47Th St, Rogers, AR 72756
      View Details
    • $24 SF/Yr
      8,436 SF

      Rogers Office Space Available

      Office space available for lease in Rogers, Arkansas.
      901-903 N 47Th St, Rogers, AR 72756
      View Details
    • $19 SF/Yr
      2,072 SF

      Campus Plaza Office Space for Lease

      Rogers, AR Office Space - 2,072 SF Available
      1404 Eagle Way, Rogers, AR 72756
      View Details
    • $12 SF/Yr
      3,050 SF

      Rogers Executive Office Space

      Prime Rogers location, 3,050 sq ft.
      306 24Th St, Rogers, AR 72756
      View Details
    • $11 SF/Yr
      20,300 SF

      Industrial Flex Space Available

      20,300 SF flex space with dock-high and drive-in doors.
      112 E Linden St, Rogers, AR 72756
      View Details
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    216 2nd St
    Rogers, AR 72756-6645
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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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