Office Building with 51 Parking
For Sale
Contact for pricing
1709 E Highland Dr, Jonesboro, AR 72401
Office building with 29 private offices and two conference rooms, plus 51 on-site parking spaces.
Property Size14,418 SF
Price / SF$197.67
Days on Market203
Property Features for 1709 E Highland Dr
General Information
Standard status
Active
Size
14,418 SF
Property subtype
OFFICE
Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
Isaac Smith, CCIM, SIOR · License #AR PB00002766
(501) 231-1913
Source:
Moodyscre
Added: Apr 14
Changed: Nov 2
Last Checked: Nov 1 at 7:28AM
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 Colliers - Little Rock
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Investment Insights
Based on property information with market context.
This office building offers 14,418 RSF with a layout that includes 29 private offices and two conference rooms. The property is situated on approximately 2.05 acres and provides 51 parking spaces on-site.
The building has quick access to I-555 and is located on a major arterial in Jonesboro at a signalized intersection. Public remarks also note approximately 19,000 vehicles per day on E. Highland Drive.
The available office configuration supports team-based work across multiple enclosed offices, with conference room space for meetings and collaboration.
The building has quick access to I-555 and is located on a major arterial in Jonesboro at a signalized intersection. Public remarks also note approximately 19,000 vehicles per day on E. Highland Drive.
The available office configuration supports team-based work across multiple enclosed offices, with conference room space for meetings and collaboration.
Key Highlights
- 14,418 RSF office building on +/- 2.05 acres
- 29 private offices plus two conference rooms
- 51 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,745
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,694,900
$2.7M
Cap Rate 7%
$1,924,929
$1.9M
Cap Rate 9%
$1,497,167
$1.5M
Market Conditions
NOI Build-Up for 14,418 SF
Gross rent
$204.2K $14.16/SF
− Vacancy
−$24.5K −$1.70/SF
EGI
$179.7K $12.46/SF
− OpEx
−$44.9K −$3.12/SF
NOI
$134.7K $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 Rate 5%
$2,694,900
Cap Rate 7%
$1,924,929
Cap Rate 9%
$1,497,167
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.25M
NOI $134,745 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,695 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
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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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with 29 private offices and two conference rooms, plus 51 on-site parking spaces.
Where is this office building located?
The property is located at 1709 E Highland Dr Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 14,418 RSF office building on +/- 2.05 acres; 29 private offices plus two conference rooms; 51 on‑site parking spaces
