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Property profile & analytics
FOR SALE
Office buildings
3605 W Southern Hills Blvd, Rogers, AR 72758
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0153924
For Sale
1 / 11
$17,000,000
3605 W Southern Hills Blvd, Rogers, AR 72758
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
67,152 SF
Lot
6.28 ac (273,557 SF)
APN
02-15912-000
UPID
US05-0153924
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.48M
Blend (final)
Blend
$9.98M
Owner & transaction history
Harold E Johnson Companies INC · 9 yrs held
Harold E Johnson Companies INC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.4M
+29.5%
Auto repair, garage
$13.5M
+21.4%
Neighborhood: shopping center
$12.1M
+8.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rogers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rogers submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,095,000
Current use
RETAIL STORES
$14,365,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,470,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,050,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$9.98M
Range $8.98M – $10.98M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$117,125
Tax year 2023
Assessed value
$2,214,090
Assessed 2023
Previous assessed
$2,214,090
+0.0% YoY
Effective rate
5.29%
On assessed value
Assessed land
$253,920
Assessed improvement
$1,960,170
Land market value
$1,269,600
Improvement market value
$9,800,850
Total market value
$11,070,450
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2004
Heating
NONE
Cooling
NONE
Stories
2
Total area
67,152 SF
Lot
6.28 ac (273,557 SF)
APN
02-15912-000
UPID
US05-0153924
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.1M
RETAIL STORES
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
2
Lot
6.28 ac
Current owner
From public records · entity-resolved
Harold E Johnson Companies INC
Entity
Mailing address
2531 BERNADETTE DR, COLUMBIA, MO 65203-4674
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2017
—
Harold E Johnson Companies INC
Hej Properties LLC
Quit Claim Deed
related
$5,000,000 · Central Bk/boone Cnty
Nov 24, 2010
$9,200,000
Hej Properties LLC
Allen Leasing LLC
Grant Deed
—
Nov 24, 2010
—
1031 Exchangor INC
—
Deed Of Trust
related
$5,000,000 · Boone County National Bank
Dec 10, 2009
—
Allen Leasing LLC
Arkansas Natl Bk
Grant Deed
$3,320,000 · Bank Of Arkansas
—
—
Allen Leasing LLC
—
Deed Of Trust
related
$850,000 · Bank Of Arkansas
—
—
Allen Leasing LLC
—
Deed Of Trust
related
$1,950,000 · Bank Of Arkansas
—
—
Hej Properties LLC
—
Deed Of Trust
related
$5,000,000 · Boone County National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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