Storefront
For Sale
$369,000
1024 S Gee Street, Jonesboro, AR 72401
The property carries a General Commercial zoning designation.
Property Size3,335 SF
Price / SF$110.64
Days on Market8
Property Features for 1024 S Gee Street
General Information
Standard status
Active
Size
3,335 SF
Total Parking Spaces
15
Zoning
General Commercial
Taxes and HOA fees
Annual Taxes
$1,378
Amenities
Electric
Central, Electric
Traditional
Building Details
Building Size
3,335 SF
Year Built
1975
Buildings
1
Listing Agency:
Halsey Real Estate
Listed By:
Kim Shelton · License #SA00085269
(870) 219-3322
Source:
Evrealestate
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Halsey Real Estate
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Investment Insights
Based on property information with market context.
This 3,335-square-foot storefront at 1024 S Gee Street in Jonesboro was built in 1975. Its zoning designation is General Commercial.
Key Highlights
- 3,335‑square‑foot storefront
- General Commercial zoning
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,410
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,200
$568.2K
Cap Rate 7%
$405,857
$405.9K
Cap Rate 9%
$315,667
$315.7K
Market Conditions
NOI Build-Up for 3,335 SF
Gross rent
$43.2K $12.96/SF
− Vacancy
−$2.6K −$0.79/SF
EGI
$40.6K $12.17/SF
− OpEx
−$12.2K −$3.65/SF
NOI
$28.4K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,200
Cap Rate 7%
$405,857
Cap Rate 9%
$315,667
Alternative Uses
Best Use
Retail
$405.9K
$355.1K – $473.5K
NOI $28,410 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.9K
$510.9K – $681.2K
NOI $40,871 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
SONIC Drive In
Dining
11,364 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,543 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
755 visits/mo
0.5 miles
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Cooksey's Flower Shop — 1006 Flowerland Dr, Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Storefront property - The property carries a General Commercial zoning designation.
Where is this storefront property located?
The property is located at 1024 S Gee Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 3,335‑square‑foot storefront; General Commercial zoning; Built in 1975
