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

    311 Union St Jonesboro, AR 72401

    View on Map
    Sponsored
    For Sale
    $1,200,000

    Mixed Use - Jonesboro, AR

    Type:Mixed Use
    Property size:
    13,544 SF
    Lot size:
    0.13 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 311 Union St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Security features
    Fire Sprinkler System
    Zoning
    C-1
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    01-144183-31800
    Interior features
    Fire Sprinkler System, Window Coverings
    Size
    13,544 SF
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Building materials
    Brick, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Kercheval
    Kevin Kercheval

    COLDWELL BANK VILLAGE COMMUNITIES

    Listing agent Kevin Kercheval License #00056142

    Listing date Mar 25, 2026

    MLS# 10128261 Listing URL

    Copyright © 2026 Northeast Arkansas Board of Realtors. 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

    Downtown Jonesboro Mixed-Use Opportunity

    Located in the heart of Downtown Jonesboro, this mixed-use property at 311 Union Street offers approximately 13,544 square feet of space. The building has historically served as a key facility for Abilities Unlimited. The property presents an opportunity for an owner-user or investor to acquire a commercial asset in a prime downtown location. The property is adjacent to a public parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abilities Unlimited Thrift ... Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.706253
    Latitude
    35.839919

    Nearby Similar for Sale

    • $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
    • New
      $339,000
      5,040 SF

      Versatile Commercial Building in Jonesboro

      5,040 SF property with office and warehouse space.
      1200 Falls St, Jonesboro, AR 72401
      View Details
    • $339,000
      5,040 SF

      Versatile Mixed-Use Property in Jonesboro

      5,040 SF property with office and warehouse space.
      1200 Falls St, 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 Ave, Jonesboro, AR 72401
      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 Ave, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      4,520 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      801 Osler Dr, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      3,007 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      911 Osler Dr, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      4,000 SF

      Medical/Professional Office Space Available

      Prime medical/professional office space in Jonesboro's medical corridor.
      901 Osler Dr, Jonesboro, AR 72401
      View Details
    • $349,900
      2,250 SF

      Downtown Jonesboro Building and Land

      Commercial property in downtown Jonesboro with 2,250 SF interior space.
      240 Union St, Jonesboro, AR 72401
      View Details
    • $270,000
      3,480 SF

      Jonesboro Mixed-Use Property For Sale

      1.88-acre lot with building and workshop near I-555.
      5808 E Highland Dr, Jonesboro, AR 72401
      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
    • $669,000
      3,538 SF

      Retail Corner in Jonesboro, AR

      Retail property in high-traffic location near established neighborhoods.
      533 W Nettleton Ave, Jonesboro, AR 72401
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 13,544 SF mixed-use building in the heart of Downtown Jonesboro.
    Where is this mixed-use property located?
    The property is located at 311 Union St Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime downtown Jonesboro location.; - Substantial commercial building with +/- 13,544 SF.; - Excellent opportunity for owner-user or investor.
    (870) 926-3225
    Request Owner's contact information
    311 Union St 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.
    311 Union St
    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
    311 Union St 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
    Kevin Kercheval
    Kevin Kercheval
    Real Estate License ID: 00056142
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!