Flex Space with Office
For Sale
Contact for pricing
1200 Falls Street, Jonesboro, AR 72401
Combines front offices with a large open area suited to operational use.
Property Size3,160 SF
Price / SF$0.95
Days on Market55
Property Features for 1200 Falls Street
General Information
Standard status
Active
Size
3,160 SF
Property subtype
Commercial / Industrial
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
Source:
Arprorealty
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 19 at 6:14AM
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 Coldwell Banker Village Communities
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Investment Insights
Based on property information with market context.
This 3,160-square-foot flex space at 1200 Falls Street includes a front office component and a sizable open area behind it. The configuration separates administrative space from the broader operational area, creating a straightforward layout for a range of business activities.
The property is located in Jonesboro, Arkansas, with the address 1200 Falls Street, Jonesboro, AR 72401. Its combination of finished office space and expansive interior area provides a practical foundation for users seeking both workspaces and open operational capacity.
The property is located in Jonesboro, Arkansas, with the address 1200 Falls Street, Jonesboro, AR 72401. Its combination of finished office space and expansive interior area provides a practical foundation for users seeking both workspaces and open operational capacity.
Key Highlights
- 3,160 SF flex space
- Front‑of‑building office area
- Large open interior area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,628
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,560
$252.6K
Cap Rate 7%
$180,400
$180.4K
Cap Rate 9%
$140,311
$140.3K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$19.0K $6.00/SF
− Vacancy
−$920 −$0.29/SF
EGI
$18.0K $5.71/SF
− OpEx
−$5.4K −$1.71/SF
NOI
$12.6K $4.00/SF
Area
Craighead County, AR
Vacancy
4.85%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,560
Cap Rate 7%
$180,400
Cap Rate 9%
$140,311
Alternative Uses
Best Use
Flex RnD
$274.1K
$239.9K – $319.8K
NOI $19,189 @ 7.0% cap · market cap 639.63%
Second Best
Industrial
$180.4K
$157.9K – $210.5K
NOI $12,628 @ 7.0% cap · market cap 420.93%
Theoretical Best
Office A
$553.2K
$484.1K – $645.4K
NOI $38,726 @ 7.0% cap · market cap 1,290.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Combines front offices with a large open area suited to operational use.
Where is this flex space located?
The property is located at 1200 Falls Street Jonesboro, AR.
What are key features of this property?
This property features: 3,160 SF flex space; Front‑of‑building office area; Large open interior area
