Corner Commercial Land with Highway
For Sale
$324,900
2001 Margo Lane, Jonesboro, AR 72401
COMMERCIAL - Jonesboro, AR
Property Size1,400 SF
Lot Size0.50 Acres
Price / SF$232.07
Days on Market189
Property Features for 2001 Margo Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Lazy Acres
Lot features
Level
Directions
East on Highland/Hwy 18 to Commerce (MLK) Drive, on Right at Margo Lane.
Standard status
Active
APN
01-144252-02500
Size
1,400 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
Pt Lot 5/A Lazy Acres
Legal Description
Pt Lot 5/A Lazy Acres
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Rick Wyatt · License #000008358
(870) 930-7111
Added: Feb 4
Changed: Aug 5
Last Checked: Aug 12 at 3:06AM
MLS# 26004464
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.5-acre commercial land parcel occupies a corner at Margo Lane and East Highland, identified as Hwy 18. The site provides approximately 210 feet of frontage along East Highland and approximately 105 feet of depth on the corner lot. The property is subject to a C-3 limited use overlay and is currently occupied under a month-to-month tenancy.
The location is associated with a proposed east bypass on MLK Drive, planned to connect with Hwy 49 at the Farville curve and route traffic from Red Wolf Road toward the I-555 connection. The address is in Jonesboro, Arkansas.
The location is associated with a proposed east bypass on MLK Drive, planned to connect with Hwy 49 at the Farville curve and route traffic from Red Wolf Road toward the I-555 connection. The address is in Jonesboro, Arkansas.
Key Highlights
- 0.5‑acre commercial land parcel
- C‑3 limited use overlay
- Approximately 210 feet of frontage on East Highland (Hwy 18)
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
$14,789
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
4.55%
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%
$295,780
$295.8K
Cap Rate 7%
$211,271
$211.3K
Cap Rate 9%
$164,322
$164.3K
Market Conditions
NOI Build-Up for 1,400 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
$21.0K $15.00/SF
− Vacancy
−$1.3K −$0.92/SF
EGI
$19.7K $14.09/SF
− OpEx
−$4.9K −$3.52/SF
NOI
$14.8K $10.56/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$295,780
Cap Rate 7%
$211,271
Cap Rate 9%
$164,322
Alternative Uses
Best Use
Specialty Retail
$211.3K
$184.9K – $246.5K
NOI $14,789 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$170.4K
$149.1K – $198.8K
NOI $11,926 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$245.1K
$214.5K – $286.0K
NOI $17,157 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - The corner parcel carries a C-3 limited use overlay and has month-to-month tenant occupancy.
Where is this commercial land located?
The property is located at 2001 Margo Lane Jonesboro, AR.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 0.5‑acre commercial land parcel; C‑3 limited use overlay; Approximately 210 feet of frontage on East Highland (Hwy 18)
