Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 13 Carnaby Drive Jonesboro, AR 72405

    View on Map
    Claim this Listing
    For Sale
    $444,431

    Commercial Lot - Jonesboro, AR

    Lot size:
    1.02 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    443
    Last Refresh:
    Apr 24 at 5:06 am

    Property Features for Lot 13 Carnaby Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    01-144094-01000
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3415.87

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Halsey Jr.

    Listing agent Jerry Halsey Jr.

    Listing office Halsey Real Estate 301 W. Washington Ave, Suite 200, Jonesboro, AR

    Listing date Feb 5, 2025

    MLS# 25018282 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Greensborough Village

    This commercial lot is located within Greensborough Village, a master-planned, mixed-use community. Spanning over 200 acres, this community offers a destination for living, working, and recreation. Situated across from Arkansas State University and between NEA Baptist Health and St. Bernards Medical Mile, Greensborough Village is located in Jonesboro’s busiest corridor, surrounded by over 7,000 workers and 16,500 students. The commercial core encompasses more than 100 acres and is equipped with utilities, stormwater systems, and walkable streets. The development includes outparcels, a town center, an office park, luxury apartments, condos, and a single-family neighborhood. Designed as a pedestrian-friendly community, Greensborough Village features green spaces, sidewalks, and decorative lighting. It provides access to dining, shopping, and entertainment, and is located near healthcare, education, and the region’s largest employers. The lot size is 1.02 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6659177
    Latitude
    35.8557384

    Nearby Similar for Sale

    • $649,000
      8,148 SF

      Two-Story Office Building in Jonesboro

      8,148 SF office complex with value-add potential in Jonesboro.
      1217 Stone Street, Jonesboro, AR 72401
      View Details
    • $649,000
      8,148 SF

      Two-Story Office Complex in Jonesboro

      8,148 SF office building with value-add potential.
      1217 Stone Street, Jonesboro, AR 72401-4520
      View Details
    • $795,000
      3,892 SF

      Downtown Jonesboro Office Investment

      Two-building office property in established business corridor.
      406 E Washington Ave, Jonesboro, AR 72401
      View Details
    • $499,000
      4,860 SF

      Jonesboro Flex Space Opportunity

      Two buildings with office and warehouse space on fenced lot.
      3101 Dan Avenue, Jonesboro, AR 72401-8928
      View Details
    • $499,000
      4,860 SF

      Office/Warehouse Buildings on Fenced Site

      Two buildings with office and warehouse space on 1.34 acres.
      3101 Dan Avenue, Jonesboro, AR 72401
      View Details
    • $25
      4,000 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      901 Osler Drive, Jonesboro, AR 72401
      View Details
    • $25
      3,007 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      911 Osler Drive, Jonesboro, AR 72401
      View Details
    • $25
      4,520 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      801 Osler Drive, Jonesboro, AR 72401
      View Details
    • $270,000
      3,480 SF

      Jonesboro Mixed-Use Property For Sale

      1.88 acre lot with building and workshop, C-3 zoning.
      5808 E Highland Drive, Jonesboro, AR 72401-6813
      View Details
    • $198,500
      3,160 SF

      Jonesboro Commercial Opportunity on Acre

      Versatile 3,160 SF light industrial shop on 1 acre.
      144 County Road 437, Jonesboro, AR 72404
      View Details
    • $1,280,000
      7,200 SF

      Jonesboro Retail Center Near University

      Seven-unit retail center near Arkansas State University.
      206 Melrose Street, Jonesboro, AR 72401
      View Details
    • $799,900
      5,940 SF

      Jonesboro Multifamily Investment Opportunity

      Six-unit multifamily property in Jonesboro, Arkansas, fully occupied and well-maintained.
      1012 N Main St, Jonesboro, AR 72401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Mixed-use commercial lot in a master-planned community.
    Where is this commercial land located?
    The property is located at Lot 13 Carnaby Drive Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $444,431.
    What are key features of this property?
    This property features: Premier location in Jonesboro's busiest corridor, across from Arkansas State University and between NEA Baptist Health and St. Bernards Medical Mile.; Master‑planned mixed‑use community: a 200+ acre destination for living, working, and recreation.; Fully equipped commercial core: over 100 acres with utilities, stormwater systems, and walkable streets ready for development.
    (870) 930-8008
    We can help!
    Listing Contact
    Jerry Halsey Jr.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!