Mixed-Use Property with
New
For Sale
$179,000
1233 Flint #1235 Flint 1235 Flint, Jonesboro, AR 72401
Two residential units accompany a leased freestanding storefront on one parcel.
Property Size2,136 SF
Price / SF$83.80
Days on Market5
Property Features for 1233 Flint #1235 Flint 1235 Flint
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi-family
Listing Agency:
JCS Realty
(870) 203-9339
Listed By:
Cole Stevenson · License #00068133
(870) 930-6157
Source:
Arprorealty
Added: Sep 11
Last Checked: Sep 14 at 11:53AM
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 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.
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 = 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
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
