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    2943 Pleasant Grove Rd Rogers, AR 72758
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    2943 Pleasant Grove Rd Rogers, AR 72758

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    • Commercial real estate
    • 2.50 lot acres
    Off-Market
    Property ID
    US05-0297978
    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

    • Commercial real estate

    Property Details for 2943 Pleasant Grove Rd

    Lot size
    2.50 lot acres
    Property type
    Commercial real estate
    APN
    02-02087-327:02-02087-328: 02-02087-329 :02-02087-327

    Description

    This exceptional 2.5-acre commercial land parcel in Rogers, Arkansas, presents a unique investment opportunity. Located at 2943 W Pleasant Grove Rd, it boasts excellent visibility and convenient access to Interstate 49, a major transportation artery. The City of Rogers is currently constructing a new access road directly through the property, significantly increasing frontage and connectivity to the thriving Pinnacle Hills area. This strategic location makes it ideal for a variety of commercial developments, including hotels, restaurants, and other businesses seeking high traffic exposure. The property's APN is 02-02087-327:02-02087-328: 02-02087-329:02-02087-327. The asking price is $2,600,000. An additional 3 acres may be available. The sellers are open to subdividing the property to accommodate specific development plans. This is a rare opportunity to acquire land in one of Northwest Arkansas's most desirable commercial zones. The property is zoned for commercial use and offers significant potential for substantial return on investment. Don't miss this chance to secure a prime location in a rapidly growing market.

    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
    -94.1615143
    Latitude
    36.2839503

    Comparable in this City

    • Contact for pricing

      Land For Sale Rogers, AR

      Land available for sale in Rogers, Arkansas.
      706 S 52Nd St, Rogers, AR 72758
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      Commercial Land Near Interstate 49

      Commercial land with high visibility near Interstate 49.
      3200 S 27Th St, Rogers, AR 72758
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    • $2,000,000

      Land Near I-49 and Retail

      Commercial land with easy access to I-49 and retail.
      Pleasant Grove Rd, Rogers, AR 72758
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    • $600,000
      Pending

      Rogers, Arkansas Land For Sale

      2.07 acres in Rogers, Arkansas, near I-49.
      5421 W Horsebarn Ln, Rogers, AR 72758
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    • $649,000
      Pending

      Premium Commercial Land Opportunity

      Prime 1.6-acre commercial land in top NWA location.
      324 S 52Nd St, Rogers, AR 72758
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    • $10,838,600
      12.76 Acres

      Pinnacle Hills Development Opportunity

      Prime 12.76 acre development site in Pinnacle Hills, Rogers.
      2131 31St St, Rogers, AR 72758
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Rogers, AR

      Land available for sale in Rogers, Arkansas.
      706 S 52Nd St, Rogers, AR 72758
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 49

      Commercial land with high visibility near Interstate 49.
      3200 S 27Th St, Rogers, AR 72758
      View Details
    • $2,000,000

      Land Near I-49 and Retail

      Commercial land with easy access to I-49 and retail.
      Pleasant Grove Rd, Rogers, AR 72758
      View Details
    • $600,000
      Pending

      Rogers, Arkansas Land For Sale

      2.07 acres in Rogers, Arkansas, near I-49.
      5421 W Horsebarn Ln, Rogers, AR 72758
      View Details
    • $649,000
      Pending

      Premium Commercial Land Opportunity

      Prime 1.6-acre commercial land in top NWA location.
      324 S 52Nd St, Rogers, AR 72758
      View Details
    • $10,838,600
      12.76 Acres

      Pinnacle Hills Development Opportunity

      Prime 12.76 acre development site in Pinnacle Hills, Rogers.
      2131 31St St, Rogers, AR 72758
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Ground Lease

      Highly visible land in Rogers, Arkansas available for lease.
      1707 W Pleasant Grove Rd, Rogers, AR 72758
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      Promenade Medical Development Leasing Opportunity

      Class-A medical space for lease in Rogers, Arkansas.
      W Oak St, Rogers, AR 72758
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      3,527 SF

      Pinnacle Pointe Office Space Available

      Demisable office space with easy access to Interstate 49.
      5500 W Pinnacle Pointe Dr, Rogers, AR 72758
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    • Contact for pricing
      7,700 SF

      Class A Medical Office Space

      Class A medical office space for lease in Rogers, AR.
      S Promenade Blvd S, Rogers, AR 72758
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    • $13 SF/Yr
      1,700 SF

      Retail/Office Space Available For Lease

      Open floor plan suitable for retail or office uses.
      306-308 N 24Th St, Rogers, AR 72758
      View Details
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    2943 Pleasant Grove Rd
    Rogers, AR 72758
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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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