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    Property profile & analytics

    615 Oak St Rogers, AR 72756-5315

    • Medical Office Space
    • 3,318 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0038802
    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

    • Robert H Lewis Jr PA / Dental Office
    • Benjamin C. Mitchel, MHPP / Counselor
    • Joel T. Martin, AT / Counselor / Doctor
    • Valerie J. Whitman, LAC / Counselor / Doctor
    • Dimond Dental Spa / Dental Office

    Property Details for 615 Oak St

    Lot size
    0.26 lot acres
    Property size
    3,318 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    02-04021-000
    APU
    204021000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1244
    Latitude
    36.3266
    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
    $2,265
    $7,240
    $35,570
    $42,810
    -
    $36,200
    $177,850
    $214,050

    Comparable in this City

    • Value Estimation
      $585,000
      4,620 SF

      201 34th St

      MEDICAL BUILDING • 4,620 SF
      201 34th St, Rogers, AR 72756-0352
      View Details
    • Value Estimation
      $605,000
      2,550 SF

      214 3rd St

      MEDICAL BUILDING • 2,550 SF
      214 3rd St, Rogers, AR 72756-4547
      View Details
    • Value Estimation
      $820,000
      6,269 SF

      1110 Elm St

      MEDICAL BUILDING • 6,269 SF
      1110 Elm St, Rogers, AR 72756-4236
      View Details
    • Value Estimation
      $985,000
      4,775 SF

      1900 Walnut St

      MEDICAL BUILDING • 4,775 SF
      1900 Walnut St, Rogers, AR 72756-3367
      View Details
    • Value Estimation
      $625,000
      5,238 SF

      1615 Persimmon St

      MEDICAL BUILDING • 5,238 SF
      1615 Persimmon St, Rogers, AR 72756-3359
      View Details
    • Value Estimation
      $1,500,000
      7,010 SF

      101 37th St

      MEDICAL BUILDING • 7,010 SF
      101 37th St, Rogers, AR 72756-0301
      View Details

    Similar Nearby for Sale

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      Vacant 0.7 acre commercial tract in established business park.
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      11,616 SF

      Rogers Office/Retail/Medical Space For Sale

      Prime Rogers location suitable for office, retail, or medical use.
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      Downtown Rogers Workspace Opportunity

      Charming coworking space in a thriving downtown Rogers location.
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      1,200 SF

      Renovated Retail and Office Spaces

      Newly renovated retail and office spaces in a prime location.
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    Similar Nearby for Lease

    • $13 SF/Yr

      Rogers Retail/Office Space For Lease

      Centrally located retail/office space with drive-thru in Rogers, Arkansas.
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    • $18 SF/Yr

      Downtown Rogers Office Space

      Modern office space in historic H.L. Stroud building.
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      Industrial space featuring dock door and grade-level access.
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      5,881 SF

      Rogers Office Space Available

      Office space available for lease in Rogers, Arkansas.
      901-903 N 47Th St, Rogers, AR 72756
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    • $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
    • Contact for pricing
      1,671 SF

      Rogers Office Space Available

      Office space available for lease in Rogers, Arkansas.
      901 N 47Th St, Rogers, AR 72756
      View Details
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    615 Oak St
    Rogers, AR 72756-5315
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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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