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    2511 N 2Nd St Rogers, AR 72756
    Property profile & analytics

    2511 N 2Nd St Rogers, AR 72756

    View on Map
    • Strip malls
    • 15,008 SF
    • 0.50 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Retail Center in Rogers, Arkansas For Lease
    $17 SF/Yr
    8,800 SF

    Retail Center in Rogers, Arkansas

    15,008 SF retail center in a high-traffic area.

    2511 N 2nd Street, Rogers, AR 72756
    View Listing
    Property ID
    US05-2414185
    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

    • Betty's Attic & Jen's Jewels / (Bike/Boat/Book/etc) Store
    • TEKILAS BAR AND GRILL / Restaurant
    • Onin Staffing / Employment Agency
    • Racha's Boutique / Clothing Store
    • Chase Foust - State Farm Insurance Agent / Insurance Agency

    Property Details for 2511 N 2Nd St

    Year built
    2000
    Lot size
    0.50 lot acres
    Property size
    15,008 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02-00711-000
    APU
    200711000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,695,000
      Current use
      AUTO REPAIR, GARAGE
      $3,010,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $2,270,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1156
    Latitude
    36.3561
    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
    $14,944
    $20,560
    $261,940
    $282,500
    -
    $102,800
    $1,309,700
    $1,412,500

    Comparable in this City

    • Value Estimation
      $550,000
      4,832 SF

      104 12th St

      SHOPPING CENTER, STRIP CENTER • 4,832 SF
      104 12th St, Rogers, AR 72756-4257
      View Details
    • Value Estimation
      $1,045,000
      12,320 SF

      1225 Walnut St

      SHOPPING CENTER, STRIP CENTER • 12,320 SF
      1225 Walnut St, Rogers, AR 72756-3545
      View Details
    • Value Estimation
      $2,550,000
      24,388 SF

      2301 Walnut St

      SHOPPING CENTER, STRIP CENTER • 24,388 SF
      2301 Walnut St, Rogers, AR 72756-3586
      View Details
    • Value Estimation by Request
      11,788 SF

      914 8th St

      SHOPPING CENTER, STRIP CENTER • 11,788 SF
      914 8th St, Rogers, AR 72756-5324
      View Details
    • Value Estimation
      $1,205,000
      9,600 SF

      2810 Walnut St

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      2810 Walnut St, Rogers, AR 72756-0335
      View Details
    • Value Estimation
      $1,575,000
      10,640 SF

      4608 Walnut St

      SHOPPING CENTER, STRIP CENTER • 10,640 SF
      4608 Walnut St, Rogers, AR 72756-1474
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      172,487 SF

      Power Retail Center For Sale

      Power retail center in dense retail corridor near Interstate 49.
      N 46Th St, Rogers, AR 72756
      View Details
    • $1,425,000
      Pending

      Restaurant Building in Scottsdale Center

      6,000 SF restaurant space in a busy shopping center.
      609 N 46Th St, Rogers, AR 72756
      View Details
    • $1,450,000
      Pending

      Fully Leased Income Producing Building

      Fully leased commercial building in high-traffic Rogers location.
      1547 Hudson Rd, Rogers, AR 72756
      View Details
    • Contact for pricing
      7,650 SF

      Rogers Acreage with Existing Building

      12.82 acres with 7,650 SF building in Rogers, AR.
      4055 N 2Nd St, Rogers, AR 72756
      View Details
    • $2,000,000

      High-Traffic Corner Retail Opportunity

      Retail space with loading dock and large parking lot.
      715 W Walnut St, Rogers, AR 72756
      View Details
    • $6,878,000
      9,375 SF

      Rogers Land with Income Potential

      7.37 acres with income, development upside in Rogers, Arkansas.
      2525 NE Hudson Rd, Rogers, AR 72756
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      240,333 SF

      Retail Space with Dock Access

      Prime retail location with flexible sizing, parking, and dock.
      100 N Dixieland Rd, Rogers, AR 72756
      View Details
    • $17 SF/Yr
      8,800 SF

      Retail Center in Rogers, Arkansas

      15,008 SF retail center in a high-traffic area.
      2511 N 2Nd St, Rogers, AR 72756
      View Details
    • $12 SF/Yr
      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
    • Contact for pricing

      Prime Commercial Space in Rogers

      Thriving strip center with high visibility and unlimited potential.
      4404 W Walnut St, Rogers, AR 72756
      View Details
    • $19 SF/Yr
      2,610 SF

      Newly Renovated Retail/Office Spaces

      High-visibility retail and office spaces in a prime location.
      2301 W Walnut St, Rogers, AR 72756
      View Details
    • $19 SF/Yr
      1,200 SF

      Newly Renovated Retail/Office Spaces

      High-visibility retail and office spaces in a prime location.
      2301 Walnut St, Rogers, AR 72756
      View Details
    View Listing
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    Rogers, AR 72756
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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.

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