Mixed-Use Property with
For Sale
$179,000
1233 Flint #1235 Flint, Jonesboro, AR 72401
Two-building property combines residential units with a leased Flint Street storefront in the Downtown Jonesboro Redevelopment District.
Property Size2,136 SF
Price / SF$83.80
Days on Market9
Property Features for 1233 Flint #1235 Flint
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi Family Home
Zoning
r2
Building Details
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Jcs Realty
(870) 930-6157
Listed By:
Cole Stevenson · License #00068133
(870) 930-6157
Source:
Jcthornton
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 5:42AM
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 Jcs Realty
Investment Insights
Based on property information with market context.
This mixed-use holding consists of two buildings on one parcel, combining a duplex with a freestanding commercial structure. The duplex contains two 1-bedroom, 1-bath units, each arranged with a living room and kitchen equipped with a range, refrigerator, and dishwasher. Both residential units are currently rented. The separate commercial building is leased to a music store and provides an operating storefront along Flint Street.
The property is located at 1233 Flint #1235 Flint in Jonesboro’s Downtown Jonesboro Redevelopment District and carries r2 zoning. With 2,136 total square feet across the residential and commercial components, the offering brings three income-producing components together in a single asset. The combination of housing and storefront space provides a defined mixed-use configuration for an owner seeking to retain both portions of the property.
The property is located at 1233 Flint #1235 Flint in Jonesboro’s Downtown Jonesboro Redevelopment District and carries r2 zoning. With 2,136 total square feet across the residential and commercial components, the offering brings three income-producing components together in a single asset. The combination of housing and storefront space provides a defined mixed-use configuration for an owner seeking to retain both portions of the property.
Key Highlights
- Two buildings on a single parcel with duplex and freestanding commercial components
- 2,136 total square feet across the mixed‑use property
- Duplex includes two 1‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,240
$324.2K
Cap Rate 7%
$231,600
$231.6K
Cap Rate 9%
$180,133
$180.1K
Market Conditions
NOI Build-Up for 2,136 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.2K $13.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$25.9K $12.14/SF
− OpEx
−$9.7K −$4.55/SF
NOI
$16.2K $7.59/SF
Area
Craighead County, AR
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$324,240
Cap Rate 7%
$231,600
Cap Rate 9%
$180,133
Alternative Uses
Best Use
Retail
$259.9K
$227.5K – $303.3K
NOI $18,196 @ 7.0% cap · market cap 10.17%
Second Best
Mixed Use
$231.6K
$202.7K – $270.2K
NOI $16,212 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$374.0K
$327.2K – $436.3K
NOI $26,177 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building property combines residential units with a leased Flint Street storefront in the Downtown Jonesboro Redevelopment District.
Where is this mixed-use property located?
The property is located at 1233 Flint #1235 Flint Jonesboro, AR.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two buildings on a single parcel with duplex and freestanding commercial components; 2,136 total square feet across the mixed‑use property; Duplex includes two 1‑bedroom, 1‑bath units
