1233 Flint #1235 Flint 1235 Flint, Jonesboro, AR 72401

Listing Agency: JCS Realty Show Phone

Listed By: Cole Stevenson · License #00068133 Show Phone

Source: Arprorealty

Added: Sep 11 Changed: Nov 6 Last Checked: Nov 8 at 5:15AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a duplex and a separate commercial building on one parcel, totaling 2,136 square feet. The residential component includes two one-bedroom, one-bath units, each with a living room and kitchen equipped with a range, refrigerator, and dishwasher. Both units are currently rented.

The freestanding commercial building operates as a music store and provides an additional income stream alongside the duplex. The property is located at 1233 Flint #1235 Flint and 1235 Flint in the Downtown Jonesboro Redevelopment District, with the storefront positioned on Flint Street. The offering brings together residential occupancy and an operating commercial use within a single mixed-use holding.

Key Highlights

• 2,136 total square feet across two buildings
• Duplex includes two 1 bedroom, 1 bath units
• Each residential unit has a living room and kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,212

Cap Rate

9.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,240 $324.2K

Cap Rate 7%

$231,600 $231.6K

Cap Rate 9%

$180,133 $180.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,136 SF

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 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 (±1% cap)

NOI $18,196 @ 7.0% cap · market cap 10.17%

Second Best

Mixed Use

$231.6K

$202.7K – $270.2K (±1% cap)

NOI $16,212 @ 7.0% cap · market cap 9.06%

Theoretical Best

Office A

$374.0K

$327.2K – $436.3K (±1% cap)

NOI $26,177 @ 7.0% cap · market cap 14.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mr Crisso's Music ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store Bakery Florist

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

1,540

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two residential units accompany a leased freestanding storefront on one parcel.

Where is this mixed-use property located?

The property is located at 1233 Flint #1235 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: 2,136 total square feet across two buildings; Duplex includes two 1 bedroom, 1 bath units; Each residential unit has a living room and kitchen