Listing Agency: CENTURY 21 PORTFOLIO

Listed By: Angela Staton · License #AR Show Phone

Source: Crexi

Added: Jan 23, 2025 Changed: Sep 9 Last Checked: Oct 5 at 6:19PM

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Investment Insights

Based on property information with market context.

This warehouse property is located in Jonesboro, Arkansas, situated just off the bypass at Loves. The metal warehouse building is positioned on a 0.27-acre lot and features a sliding door. The property encompasses a total area of 1200 square feet. It is plumbed for a bathroom and offers an open warehouse layout, presenting various possibilities for potential use.

Key Highlights

• Excellent location just off the bypass
• Metal warehouse building
• .27 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,823

Cap Rate

3.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$116,460 $116.5K

Cap Rate 7%

$83,186 $83.2K

Cap Rate 9%

$64,700 $64.7K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$7.2K $6.00/SF

− Vacancy

−$349 −$0.29/SF

EGI

$6.9K $5.71/SF

− OpEx

−$1.0K −$0.86/SF

NOI

$5.8K $4.85/SF

Area

Craighead County, AR

Vacancy

4.85%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$116,460

Cap Rate 7%

$83,186

Cap Rate 9%

$64,700

Alternative Uses

Best Use

Warehouse

$83.2K

$72.8K – $97.1K (±1% cap)

NOI $5,823 @ 7.0% cap · market cap 3.45%

Second Best

Industrial

$68.5K

$60.0K – $79.9K (±1% cap)

NOI $4,796 @ 7.0% cap · market cap 2.84%

Theoretical Best

Office A

$210.1K

$183.8K – $245.1K (±1% cap)

NOI $14,706 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Parking Lot & Garage Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72404, AR

29,344

Population

12,518

Households

2.3

Avg Household Size

35

Median Age

34%

College-Educated

93%

High-School Grad

128.0 sq mi

ZIP Area

229

Density / Sq Mi

$67,000

Median Household Income

$40,373

Median Earnings

$938

Median Rent

$236,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Metal warehouse building with sliding door on .27 acres.

Where is this warehouse located?

The property is located at 5705 E Nettleton Avenue Jonesboro, AR.

What is the asking price?

The asking price for this property is $169,000.

What are key features of this property?

This property features: Excellent location just off the bypass; Metal warehouse building; .27 acres