Newly Remodeled Office
For Sale
$295,000
1201 Nettleton Cir, Jonesboro, AR 72401
Newly remodeled office building offering four offices, a waiting area, and an ~800 SF open flex area.
Property Size2,220 SF
Price / SF$132.88
Days on Market473
Property Features for 1201 Nettleton Cir
General Information
Standard status
Active
Size
2,220 SF
Total Parking Spaces
4
Property subtype
Office
Additional Details
Office Units
4
Amenities
conference room
breakroom
waiting area
Heat Pump
3
Composition Shingle
8 Parking Spaces. Asphalt.
Exterior Lighting, Extra Storage, Trash Collection.
Listing Agency:
National Land Realty
(870) 847-0945
Listed By:
Joel King · License #00030120
(870) 847-0945
Source:
Xome
Added: May 5, 2025
Changed: Aug 12
Last Checked: Aug 20 at 5:33AM
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 National Land Realty
Investment Insights
Based on property information with market context.
This newly remodeled office building is configured with four office spaces plus a comfortable waiting area. Interior features include a large conference room sized for an 8' conference table with 10 chairs, along with a breakroom and a bathroom positioned for convenient access from the main office. An additional approx. 800 SF open flex area is located in the back of the building, supported by the office layout.
The property is located on Nettleton Circle and is described as being among updated buildings. Parking includes four spaces in front and room for another four spaces behind the building.
The building’s arrangement combines enclosed offices with an open flex component, which may support a variety of day-to-day office needs within a single property.
The property is located on Nettleton Circle and is described as being among updated buildings. Parking includes four spaces in front and room for another four spaces behind the building.
The building’s arrangement combines enclosed offices with an open flex component, which may support a variety of day-to-day office needs within a single property.
Key Highlights
- Newly remodeled office building with 4 office spaces and a waiting area.
- Includes an approx. 800 SF open flex area plus a large conference room for an 8' conference table and 10 chairs.
- Heat pump cooling and heating listed as 3.
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
$20,747
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
7.03%
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%
$414,940
$414.9K
Cap Rate 7%
$296,386
$296.4K
Cap Rate 9%
$230,522
$230.5K
Market Conditions
NOI Build-Up for 2,220 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
$31.4K $14.16/SF
− Vacancy
−$3.8K −$1.70/SF
EGI
$27.7K $12.46/SF
− OpEx
−$6.9K −$3.12/SF
NOI
$20.7K $9.35/SF
Area
Craighead County, AR
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$414,940
Cap Rate 7%
$296,386
Cap Rate 9%
$230,522
Alternative Uses
Best Use
Office B
$296.4K
$259.3K – $345.8K
NOI $20,747 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.7K
$340.1K – $453.4K
NOI $27,206 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
210
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Newly remodeled office building offering four offices, a waiting area, and an ~800 SF open flex area.
Where is this office building located?
The property is located at 1201 Nettleton Cir Jonesboro, AR.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Newly remodeled office building with 4 office spaces and a waiting area.; Includes an approx. 800 SF open flex area plus a large conference room for an 8' conference table and 10 chairs.; Heat pump cooling and heating listed as 3.
