Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1421 S Caraway Ste B Rd Jonesboro, AR 72401

    Sponsored
    For Lease
    $16 SF/Yr ($8,296 /Mo)

    Lease - Jonesboro, AR

    Property size:
    6,222 SF
    Lot size:
    2.51 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 19 at 4:06 pm

    Property Features for 1421 S Caraway Ste B Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-3
    APN
    01-144204-00400
    Parking
    21
    Size
    6,222 SF
    Lot size
    2.51 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Chase Copeland
    Chase Copeland

    Coldwell Banker Village Communities (870) 935-7800

    Listing agent Chase Copeland (870) 935-7800

    Listing date Feb 10, 2026

    MLS# 26005139 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.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Jonesboro, AR

    This retail space, located at 1421 S. Caraway Road Suite B in Jonesboro, AR, offers a prominent location with high visibility. The property benefits from traffic counts of approximately 25,000 vehicles per day. The space spans 6,222 square feet and is suited for businesses seeking to establish a presence in one of Jonesboro's active trade areas. The property adjoins McDonald's and is surrounded by a mix of national quick-service and full-service restaurants, as well as leading retailers including Burger King, Old Navy, HomeGoods, TJ Maxx, Natural Grocers, Kroger, Sherwin-Williams, Plaza Tire, Texas Roadhouse, Walmart, and Sam's Club. The lot size is 2.51 acres. The zoning is C-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.678526
    Latitude
    35.827275

    Nearby Similar for Lease

    • $3,000 /Mo
      2,700 SF

      Professional Office Space in Jonesboro

      2,700 SF office space with recent upgrades and ample parking.
      1707 Stone St, Jonesboro, AR 72401
      View Details
    • $1,800 /Mo
      1,766 SF

      Downtown Jonesboro Office Space Available

      Flexible office suite in downtown Jonesboro with gross lease terms.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      800 SF

      Jonesboro Commercial Property For Lease

      Versatile commercial property suitable for various business purposes.
      1202 Falls St, Jonesboro, AR 72401
      View Details
    • $3,000 /Mo
      2,377 SF

      Jonesboro Office Suite For Lease

      Office suite with reception, conference room, and private offices.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $850 /Mo
      630 SF

      Adaptable Office Space in Jonesboro

      Functional downtown office space with utilities included.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $4,020 /Mo
      6,000 SF

      Jonesboro Flex Space For Lease

      6,000 SF flex space with office and warehouse components.
      310 Reeves St, Jonesboro, AR 72401
      View Details
    • $750 /Mo
      1,283 SF

      Jonesboro Lab Space For Lease

      Specialized lab space in downtown Jonesboro, ideal for technical operations.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $650 /Mo
      537 SF

      Inviting Office Suite in Jonesboro

      Spacious office suite with kitchenette and wood floors for lease.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $750 /Mo
      581 SF

      Downtown Jonesboro Office Suite

      Professional office suite in the heart of Downtown Jonesboro.
      101 S Church St, Jonesboro, AR 72401
      View Details
    • $5,000 /Mo
      8,000 SF

      Commercial Building For Lease

      Commercial building for lease in Jonesboro, AR. Former Dollar General.
      5900 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • $5,000 /Mo
      8,000 SF

      Jonesboro Mixed-Use Retail Opportunity

      Former Dollar General location available for lease in Jonesboro, AR.
      5900 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $3,950 /Mo
      7,708 SF

      Jonesboro Retail Space For Lease

      7,708 SF retail space available for lease in Jonesboro, AR.
      316 E Johnson Ave, Jonesboro, AR 72401
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail location with high visibility and traffic.
    Where is this retail space located?
    The property is located at 1421 S Caraway Ste B Rd Jonesboro, AR.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Caraway Road in Jonesboro.; - High traffic count of approximately 25,000 vehicles per day.; - 6,222 square feet of commercial space.
    (870) 819-6395
    Request Owner's contact information
    1421 S Caraway Ste B Rd Jonesboro, AR 72401
    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.
    1421 S Caraway Ste B Rd
    Jonesboro, AR 72401
    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
    1421 S Caraway Ste B Rd Jonesboro, AR 72401
    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

    We can help!
    Listing Contact
    Chase Copeland
    Chase Copeland
    Real Estate License ID: SA00095147
    (870) 819-6395 (870) 935-7800 (870) 272-8600
    Learn more
    Google sign-in failed. Please try again or use another login method.