Office Building with 51 Parking
1709 E Highland Dr Jonesboro, AR 72401
For Sale
Contact for pricing
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 Market105
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
(501) 231-1913
Source:
Moodyscre
Added: Apr 14
Changed: Jul 22
Last Checked: Jul 22 at 4:38AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.2k | $14.16 |
| − Vacancy | −$24.5k | −$1.70 |
| EGI | $179.7k | $12.46 |
| − OpEx | −$44.9k | −$3.12 |
| NOI | $134.7k | $9.35 |
14,418 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
