Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

Account Closed
  • Rental Property Investor
6
Votes |
17
Posts

Any advice on selling a $2M commercial property ourselves?

Account Closed
  • Rental Property Investor
Posted

We own 1.41 acres with a 7,000 sq ft 2-story commercial building in Bentonville, AR about .2 miles from the new (under construction) Walmart Home Office Campus. Our listing with a realtor just expired and we're not renewing it. Details aren't important, but we weren't happy. This wasn't our first disappointing experience with a realtor. We're a lot more motivated than the realtor was, but we're not sure how to market it ourselves and would appreciate any advice!

Our parcel has 315 ft of road frontage on the same side of the street as the Home Office campus will be. It's located between the highway (.5 miles away) and the Home Office, so is on a major commuting route. Walmart alone employs 14K+ people in Bentonville, and thousands more work for vendors. Bentonville is booming, we've received estimates from $1.7M to $2.2 M for this property. Our parcel is the central parcel surrounded by others we don't own - together they total about 7.5 acres.

Currently the building is mixed use - two apartments above and retail below with a separate storage building in back. The greatest value is in the land but the building cash flows nicely. Our preference is to sell, but we might be open to discussions about developing with a VERY experienced developer. In other words, we could really use some advice.

Thanks for any help you can offer!

Jennifer

Loading replies...