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Property profile & analytics
FOR LEASE
Retail space
721 N 2Nd St, Rogers, AR 72756
Individually Owned
3-yr Hold
Free & Clear
Property ID
US05-2413378
For Lease
1 / 44
$11 SF/Yr
721 N 2Nd St, Rogers, AR 72756
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Property summary
AI-generated overview
This exceptional 8,880-square-foot industrial flex space, situated on approximately 1.8 acres, presents a unique opportunity for businesses seeking a prominent location. Located on North 2nd Street in Rogers, this single-tenant property boasts high visibility with an estimated 15,000 vehicles passing daily. The building, constructed in 1999, features a single story and a 329-foot frontage, maximizing exposure. Two loading docks enhance operational efficiency; one with an 8-foot-tall door and the other a more spacious 10x10-foot door. Inside, the high ceilings—reaching 21.5 feet at the center and 12 feet along the sides—offer versatile storage and workspace options. The functional layout includes two offices and a private restroom, providing a comfortable and productive environment. The ample land area ensures convenient access and potential for future expansion. This property is ideal for a variety of businesses seeking a combination of warehouse and office space in a high-traffic area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
8,880 SF
Lot
1.76 ac (76,666 SF)
APN
02-00208-000
UPID
US05-2413378
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
Current use
Occupant on record · Public records
-
Americas Floor Place LLC Carpet & Flooring Store Hardware & Home Improvement
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
The Vinyl Plank Store of NWA LLC Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$770k
Owner & transaction history
Tim Molitor · 3 yrs held
Tim Molitor
since 2022
Last sale
$8,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,245,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $8k (Sep 6 2022)
Last sale anchor
$8k
Sep 6 2022
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
$87 / 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
$4,033
Tax year 2023
Assessed value
$76,240
Assessed 2023
Previous assessed
$76,240
+0.0% YoY
Effective rate
5.29%
On assessed value
Assessed land
$39,190
Assessed improvement
$37,050
Land market value
$195,950
Improvement market value
$185,250
Total market value
$381,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Heating
NONE
Cooling
NONE
Stories
1
Total area
8,880 SF
Lot
1.76 ac (76,666 SF)
APN
02-00208-000
UPID
US05-2413378
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
Est. value
$1.2M
OFFICE BUILDING
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
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Tim Molitor
Individual
Free & Clear · 3 yrs held
Mailing address
721 N 2ND ST, ROGERS, AR 72756-6637
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
$8,000
Tim Molitor
Sherry M Gilbertson
Warranty Deed
—
Sep 8, 2016
—
Box Barn LLC
—
Deed
related
$395,000 · Legacy Nat'l Bk
Aug 2, 2011
$334,000
Box Barn LLC
Magnolia Packaging LLC
Warranty Deed
$395,000 · Legacy National Bank
Mar 21, 2007
$1,251,100
Mathias Shopping Centers INC
Concord Food Stores LLC
Grant Deed
—
Aug 29, 2006
$311,000
Concord Food Stores LLC
Magnolia Packaging LLC
Warranty Deed
—
—
—
Box Barn LLC
—
Deed Of Trust
related
$395,000 · Legacy National Bank
—
—
Box Barn LLC
—
Loan Modification
related
$395,000 · Legacy Nat'l Bk
—
—
Magnolia Packaging LLC
—
Deed Of Trust
related
—
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.
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