Freestanding Storefront
New
For Sale
$369,000
1024 S Gee Street, Jonesboro, AR 72401
Commercial / Industrial, Traditional, Jonesboro, AR
Property Size3,335 SF
Lot Size0.20 Acres
Price / SF$110.64
Days on Market2
Property Features for 1024 S Gee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
15
Lot features
Level
Directions
From Nettleton Ave, turn on Gee, On right
Subdivision
Jonesboro D
Standard status
Active
Size
3,335 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOVES, A M SUB TAKEN FROM 24-1
Tax Annual Amount
1378
Legal Description
LOVES, A M SUB TAKEN FROM 24-1
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile
Architectural style
Other
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Kim Shelton · License #SA00085269
(870) 219-3322
Added: Oct 12
Last Checked: Oct 13 at 10:06PM
MLS# 26041359
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.
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 3,335 square feet on a 0.2-acre lot. Built in 1975, the building has tile flooring and an interior described as adaptable for a range of commercial layouts. Its previous use was as a restaurant, and potential uses noted for the space include retail, office, service businesses, or dining.
The property is at 1024 S Gee Street in Jonesboro, near downtown. On-site parking is available, and the surrounding area includes established businesses and residential neighborhoods.
The property is at 1024 S Gee Street in Jonesboro, near downtown. On-site parking is available, and the surrounding area includes established businesses and residential neighborhoods.
Key Highlights
- 3,335 square feet of building area
- 0.2‑acre lot
- 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
Lease Details
Yes
Paved road access
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
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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 - A former restaurant location near downtown Jonesboro has an adaptable interior and on-site parking.
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 feet of building area; 0.2‑acre lot; Built in 1975
