Add Listing
    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

    411 W Washington Ave Jonesboro, AR 72401

    View on Map
    Claim this Listing
    For Lease
    $20 SF/Yr $4,201/Mo (calc)

    Lease - Jonesboro, AR

    Property size:
    2,521 SF
    Lot size:
    1.48 Acres
    Added:
    Apr 1, 2025
    Days on Market:
    390
    Last Refresh:
    Apr 25 at 11:06 am

    Property Features for 411 W Washington Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    93
    Standard status
    Active
    APN
    01-144183-00200
    Size
    2,521 SF
    Lot size
    1.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10886.5

    Building Details

    Year built
    1999
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Taylor Wilson

    Listing agent Taylor Wilson

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

    Listing date Apr 1, 2025

    MLS# 25012536 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

    Downtown Jonesboro Flexible Space

    Located in Downtown Jonesboro, the property at 411 West Washington Avenue provides approximately 6,300 square feet of flexible space that can be subdivided to suit tenant requirements. The location benefits from high visibility with approximately 7,600 cars per day and significant pedestrian traffic. The building includes surface parking and a recently updated roof. Tenant improvement allowances are available for qualified tenants. The property is suitable for office, showroom, or creative workspace purposes, placing businesses in a central and active district. The lot size is 1.48 acres. The property size is 2,521 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JK PRODUCTS & SERVICES Corporate Office JK-Light Inc Big Box & Wholesale Store Twelve 5 Church Church

    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
    -90.708335
    Latitude
    35.838023

    Nearby Similar for Lease

    • $25 SF/Yr

      Jonesboro Medical/Professional Office Space

      Prime medical/professional office space for lease in Jonesboro, AR.
      901 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $25 SF/Yr

      Jonesboro Medical/Professional Office Space

      Prime medical/professional office space for lease in Jonesboro, AR.
      911 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $25 SF/Yr

      Medical Office Space in Jonesboro

      Prime medical/professional office space for lease in Jonesboro's medical corridor.
      801 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $3,600/Mo

      Downtown Jonesboro Office Space

      Professional office space in the heart of Downtown Jonesboro.
      406 E Washington Ave, Jonesboro, AR 72401
      View Details
    • $3,000/Mo

      Versatile Space in Jonesboro, AR

      3,160 SF space with office and open operational area.
      1200 Falls Street, Jonesboro, AR 72401
      View Details
    • $16 SF/Yr

      Retail Space in Active Trade Area

      Prime retail space in a high-traffic Jonesboro location.
      1421 S Caraway Road, Jonesboro, AR 72401-5307
      View Details
    • $16 SF/Yr

      Prime Retail Space in Jonesboro

      High-visibility retail space in a busy Jonesboro trade area.
      1421 S Caraway Road, Jonesboro, AR 72401-5307
      View Details
    • $6,500/Mo

      Two-Story Office Complex in Jonesboro

      8,148 SF office complex for lease in Jonesboro, AR.
      1217 Stone Street, Jonesboro, AR 72401
      View Details
    • $3,000/Mo

      Office Space in Jonesboro, AR

      Office space available for lease in Jonesboro, Arkansas.
      910 S Main Street, Jonesboro, AR 72401
      View Details
    • $3,000/Mo

      Jonesboro Office Space Available

      Office space for rent in Jonesboro, Arkansas.
      910 S Main Street, Jonesboro, AR 72401-3507
      View Details
    • $550/Mo

      Office Space in Jonesboro, AR

      Office space for lease in Jonesboro. Utilities included.
      3800 S Caraway Road, Jonesboro, AR 72405
      View Details
    • $7 SF/Yr

      Industrial Space in Central Jonesboro

      Versatile industrial space with office and loading options.
      628 Burke Ave, Suite 2, Jonesboro, AR 72401
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible commercial space in the heart of Downtown Jonesboro.
    Where is this office units located?
    The property is located at 411 W Washington Ave Jonesboro, AR.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown Jonesboro location with high visibility (±7,600 CPD) and strong pedestrian traffic.; ±6,300 SF of flexible space, subdividable to meet tenant needs.; Ample surface parking available.
    (870) 926-4588
    We can help!
    Listing Contact
    Taylor Wilson
    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!