Multi-Suite Office
For Sale
$1,375,000
3009 Turman Drive, Jonesboro, AR 72404
Office configurations, an operating hair salon, and a suite arranged for future completion are included in the combined offering.
Property Size6,912 SF
Price / SF$198.93
Days on Market1031
Property Features for 3009 Turman Drive
General Information
Standard status
Active
Size
6,912 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Amenities
Other (see remarks)
Level
36
Slab
Paved
9999
Listing Agency:
(479) 337-7331
Listed By:
Scott Adams
Source:
Mooreandcorealtors
Added: Jan 7, 2024
Changed: Oct 31
Last Checked: Oct 29 at 2:51PM
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 Scott Adams
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The combined property at 3009 and 3013 Turman includes five suites. At 3009, Suite A has six offices, two bathrooms, and a kitchen; Suite B includes an office, foyer, conference room, two bathrooms, storage, and a kitchen; Suite C has a foyer, five offices, two bathrooms, and a kitchen. At 3013, Suite B is occupied by a hair salon with five styling booths, a foyer, two bathrooms, and a kitchen. Suite A is unfinished and configured for two bathrooms and a kitchen.
Key Highlights
- Five suites across the combined 3009 and 3013 Turman properties
- Three office suites at 3009 include office space, kitchens, and two bathrooms apiece
- 3013 Suite B is leased as a hair salon with five styling booths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,597
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,940
$1.3M
Cap Rate 7%
$922,814
$922.8K
Cap Rate 9%
$717,744
$717.7K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$97.9K $14.16/SF
− Vacancy
−$11.7K −$1.70/SF
EGI
$86.1K $12.46/SF
− OpEx
−$21.5K −$3.12/SF
NOI
$64.6K $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 Rate 5%
$1,291,940
Cap Rate 7%
$922,814
Cap Rate 9%
$717,744
Alternative Uses
Best Use
Office B
$922.8K
$807.5K – $1.08M
NOI $64,597 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,708 @ 7.0% cap · market cap 6.16%
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
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office configurations, an operating hair salon, and a suite arranged for future completion are included in the combined offering.
Where is this office unit located?
The property is located at 3009 Turman Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Five suites across the combined 3009 and 3013 Turman properties; Three office suites at 3009 include office space, kitchens, and two bathrooms apiece; 3013 Suite B is leased as a hair salon with five styling booths
