Rogers, Arkansas, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. Office properties in Rogers are a solid investment choice, providing a stable source of income and potential for long-term appreciation. With a strong presence of major corporations like Walmart and Daisy Outdoor Products, Rogers has established itself as a hub for retail and manufacturing. The city's infrastructure, including the Rogers Municipal Airport and Ozark Regional Transit, supports the growth of businesses and provides easy access to transportation. Additionally, Rogers is home to several educational institutions, such as the University of Phoenix and John Brown University, which contribute to the city's skilled workforce. The city's amenities, including the Rogers Aquatic Center and Pinnacle Hills Promenade, also make it an attractive location for businesses and residents alike. With its rich history, diverse economy, and excellent quality of life, Rogers is an ideal location for office property investments.
Currently, there are 13 office properties available for sale in Rogers, offering a range of options for investors. These properties vary in size, with the average size being 13,983 square feet and the largest property being 64,647 square feet. The average price per square foot is $334 USD, and the average cap rate is 5.93%. In addition to office properties, Rogers also offers other investment opportunities, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, the Pinnacle Hills Promenade shopping center is a popular destination for retail and dining. The city's hotel industry is also growing, with several major chains represented. Apartment buildings and commercial real estate offer additional investment options, with many properties available throughout the city. Overall, Rogers provides a diverse range of investment opportunities, making it an attractive location for businesses and investors.
What is the average price per square foot for office properties in Rogers?
The average price per square foot for office properties in Rogers is $334 USD, with an average size of 13,983 square feet and a largest size of 64,647 square feet, making it an attractive option for businesses looking to establish a presence in this growing city.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Rogers, Arkansas, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location. Here are some key differences between Class A, B, and C office properties:
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-end finishes, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, located in decent areas, and may require some renovations, appealing to a broader range of tenants.
- Class C office properties are often older buildings with limited amenities, located in less desirable areas, and may require significant renovations, typically attracting smaller businesses or startups.
