Office Unit with Reception
1814 Executive Square, Jonesboro, AR 72401
For Sale
Contact for pricing
Recently painted interior with three offices, a conference room, and cooled storage.
Property Size1,308 SF
Price / SF$2.18
Days on Market72
Property Features for 1814 Executive Square
General Information
Standard status
Size
Amenities
reception area
conference room
cooled storage room
Building Details
Year Built
Listing Agency:
Coldwell Banker Village Communities
Listed By:
Meredith Edwards · License AR SA00056487
(870) 243-4035
Source:
Pcsingtolittlerock
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 7 at 1:15PM
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 Coldwell Banker Village Communities
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Investment Insights
Based on property information with market context.
This office unit at 1814 Executive Square features a recently painted interior arranged around a reception area, three office spaces, a conference room, and a cooled storage room. The building was constructed in 1992 and is located off Brown's Lane in Jonesboro, Arkansas.
Key Highlights
- Three dedicated office spaces
- Reception area, conference room, and cooled storage room
- Recently painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,224
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,480
$244.5K
Cap Rate 7%
$174,629
$174.6K
Cap Rate 9%
$135,822
$135.8K
Market Conditions
NOI Build-Up for 1,308 SF
Gross rent
$18.5K $14.16/SF
− Vacancy
−$2.2K −$1.70/SF
EGI
$16.3K $12.46/SF
− OpEx
−$4.1K −$3.12/SF
NOI
$12.2K $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%
$244,480
Cap Rate 7%
$174,629
Cap Rate 9%
$135,822
Alternative Uses
Best Use
Office B
$174.6K
$152.8K – $203.7K
NOI $12,224 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.0K
$200.4K – $267.2K
NOI $16,030 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
982
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Jonesboro, AR
Properties on Market for Office Units in Jonesboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Recently painted interior with three offices, a conference room, and cooled storage.
Where is this office unit located?
The property is located at 1814 Executive Square Jonesboro, AR.
What are key features of this property?
This property features: Three dedicated office spaces; Reception area, conference room, and cooled storage room; Recently painted interior
