Oak One Brownstone - Boutique Office Space 329 SW 5th St 2,177 SF Office Building Bentonville, AR 72712 $1,200,000 ($551.22/SF)

Oak One is a 15-unit luxury townhome development at 500 SW B Street in the heart of downtown Bentonville, Arkansas — steps from the Bentonville Square, the Crystal Bridges Museum corridor, and the new 350-acre Walmart Home Office campus. Developed by Sun Group, the $17.5 million project features Bostonian-classic brownstone design that is unlike anything else in the Northwest Arkansas market. 10 of 15 units are sold. Five remain, priced from $1.165 million to $1.7 million.

Four of the first 10 sales were completed via 1031 exchange, establishing a 40% exchange conversion rate and positioning Oak One as a proven replacement property in one of the fastest-appreciating markets in the country.

THE INVESTMENT CASE

Downtown Bentonville is undergoing a once-in-a-generation institutional transformation. Three major developments are reshaping the immediate vicinity of Oak One, creating sustained long-term demand for premium real estate. First, the new Walmart Home Office campus sits on 350 acres and includes 12 office buildings, 10 miles of walking and biking trails, a rooftop bar, a hotel, and a child-care center. Walmart has been actively consolidating corporate employees from Charlotte, Hoboken, Dallas, Atlanta, and Toronto into Bentonville since 2024, with hundreds of transferees arriving annually carrying employer-funded relocation packages. Second, the STEM university is being developed at 508 SW 8th Street — the former Walmart Home Office site, directly adjacent to Oak One. Announced at the 2025 Heartland Summit by Tom and Steuart Walton, the university will welcome its inaugural class of approximately 500 students in 2029, growing to 1,500 undergraduates and 500 non-degree learners. The institution will focus on computing, automation, logistics, biomedical technology, and technical management, with tuition fully covered in the early years. Dr. David Mazyck, formerly of Penn State’s School of Engineering Design and Innovation, was appointed as the university’s first president in February 2026. Third, the Alice L. Walton School of Medicine opened in July 2025 on the Crystal Bridges campus, welcoming its inaugural class of 48 medical students. Founded by Alice Walton, AWSOM is the first medical school in Northwest Arkansas and received over 2,000 applications for its first cohort. The school is anchored by a 30-year, $700 million partnership with Mercy Health and is training physicians with an emphasis on whole health, preventive care, and innovation.

These three institutional anchors — Walmart’s corporate campus, the STEM university, and the medical school — are creating a concentration of corporate, academic, and medical demand within walking distance of Oak One that did not exist two years ago.

NWA MARKET FUNDAMENTALS

Northwest Arkansas was ranked the number one performing large metro in America by the Milken Institute in early 2026. The region’s population exceeds 605,000 and is growing by an estimated 36 new residents per day, driven by corporate in-migration from Walmart, Tyson Foods, J.B. Hunt Transport, and their vendor ecosystems. Washington County's median home price has reached $355,000, up approximately 90% from $187,200 in 2019.

THE PRODUCT

Each Oak One residence is a three-story Bostonian-classic brownstone built to a residential luxury standard rarely seen in this market. Exteriors feature over 1,200 pounds of custom cast stone door surrounds and classic brick facades. Interiors include herringbone hardwood flooring throughout, custom 7-foot solid-core doors, Hansgrohe luxury faucets and showerheads, smart toilets with bidet features, Velux skylights, and GE Cafe range appliances with vented Faber hoods. Lighting is custom-designed with 24-carat gold-plated pendants and a 1,000 teardrop crystal chandelier spanning the kitchen island. Select units include private elevators and retractable blade chandelier ceiling fans.

Available unit includes a private fenced courtyard, a two-car attached garage with epoxy floors, and an electric vehicle hookup.

Oak One has been featured in the NWA Business Journal and Talk Business & Politics for its exceptional craftsmanship and attention to detail. View the NWA Business Journal feature: indd.adobe.com/view/49896dec-a52f-42bb-85ff-b44c6a1bf461

COMMERCIAL CROSSOVER — THE BOUTIQUE PROFESSIONAL OFFICE

Oak One units are approved by the HOA for professional office use, creating a rare category that does not exist elsewhere in the downtown Bentonville market: the boutique professional office. Potential use includes small financial advisory, legal practice, accounting, architecture and design, management consulting, family office operations, etc.
At approximately $550 per square foot, Oak One is priced 30% below comparable downtown Bentonville commercial office space, which currently lists at approximately $800 per square foot. Buyers receive ownership equity, a prestigious downtown address, a private two-car garage for client parking, a private courtyard, and a building finished to a residential luxury standard.

The three-story layout converts naturally to professional use: client entrance with ground floor reception/office, second floor as open workspace with luxuriously equipped kitchen, and the third floor has two private offices with ample room for storage, along with spacious bathrooms. The elevator option provides full accessibility across all floors. Two garage spaces on the ground floor.