Flex Space with Drive-In
For Sale
$193,500
144 County Road 437, Jonesboro, AR 72404
Commercially zoned flex space combines an open shop, finished office, and automatic bay access.
Property Size3,160 SF
Lot Size1.00 Acre
Price / SF$61.23
Days on Market180
Property Features for 144 County Road 437
General Information
Standard status
Active
Size
3,160 SF
Total Parking Spaces
10
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-In Doors
2
Amenities
2 oversized 14x14 automatic bay doors
high ceilings
excellent overhead lighting
concrete flooring
2 half baths
Building Details
Building Size
3,160 SF
Year Built
2006
Buildings
1
Stories
1
Construction
metal
Listing Agency:
Era Doty Real Estate
(870) 208-5883
Listed By:
Blake Veasley
(870) 208-5883
Source:
Proeliterealty
Added: Feb 21
Changed: Aug 17
Last Checked: Aug 19 at 1:57PM
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 Era Doty Real Estate
Investment Insights
Based on property information with market context.
Built in 2006, this 3160 SF flex property provides a practical combination of industrial workspace and office functionality. The open shop area has concrete floors, high ceilings, overhead lighting, and two oversized automatic bay doors measuring 14x14 each. A finished office and two half baths support day-to-day operations and visitor access.
The property occupies 1 acre m/l at 144 County Road 437 in Jonesboro, AR 72404. Commercial zoning and on-site parking complement the building’s flexible configuration, while the lot provides additional outdoor space for parking or operational needs.
The property occupies 1 acre m/l at 144 County Road 437 in Jonesboro, AR 72404. Commercial zoning and on-site parking complement the building’s flexible configuration, while the lot provides additional outdoor space for parking or operational needs.
Key Highlights
- 3160 SF flex building on 1 acre m/l
- Two oversized 14x14 automatic bay doors
- Open shop layout with concrete flooring
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
$15,334
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
7.92%
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%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 3,160 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
$19.0K $6.00/SF
− Vacancy
−$920 −$0.29/SF
EGI
$18.0K $5.71/SF
− OpEx
−$2.7K −$0.86/SF
NOI
$15.3K $4.85/SF
Area
Craighead County, AR
Vacancy
4.85%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Flex RnD
$274.1K
$239.9K – $319.8K
NOI $19,189 @ 7.0% cap · market cap 9.92%
Second Best
Warehouse
$219.1K
$191.7K – $255.6K
NOI $15,334 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$553.2K
$484.1K – $645.4K
NOI $38,726 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex space combines an open shop, finished office, and automatic bay access.
Where is this flex space located?
The property is located at 144 County Road 437 Jonesboro, AR.
What is the asking price?
The asking price for this property is $193,500.
What are key features of this property?
This property features: 3160 SF flex building on 1 acre m/l; Two oversized 14x14 automatic bay doors; Open shop layout with concrete flooring
