Three-Tenant Retail Office
For Sale
Contact for pricing
Pending
2007 West Parker Road, Jonesboro, AR 72404
Well-maintained building with three established tenants, positioned as a Walmart outparcel off I-555 in Jonesboro.
Property Size5,820 SF
Days on Market108
Property Features for 2007 West Parker Road
General Information
Standard status
Pending
Size
5,820 SF
Property subtype
Retail, Office
Zoning
C-2
Occupancy
100%
Net Operating Income
$61,528
Additional Details
Highway Access
Yes
Building Details
Year Built
2016
Buildings
1
Tenancy
Multi
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Nathan Eller · License #EB 00077644
(870) 336-8000
Source:
Crexi
Added: May 27
Changed: Sep 10
Last Checked: Sep 10 at 8:22AM
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 Haag Brown Commercial Real Estate and Development
Investment Insights
Based on property information with market context.
This three-tenant retail/office property includes a well-maintained professional building configured to serve both retail and office users. The property is currently occupied by three established tenants, and the ownership period following redevelopment has maintained 100% occupancy with no tenant turnover, reflecting consistent in-place operations.
The building is strategically positioned as an outparcel to the dominant Walmart Supercenter and located just off Interstate 555. The site is described as having exceptional visibility and convenient accessibility, supported by its placement within one of Jonesboro’s most active retail corridors. The property is also noted as being surrounded by high-income residential neighborhoods.
For investors or owner-operators seeking a stabilized, income-producing asset, the current tenant roster and continued occupancy provide a straightforward starting point. The retail/office mix can appeal to tenants looking for exposure in a high-traffic retail setting while maintaining a professional environment for day-to-day operations. The property’s placement near a major anchor and its proximity to interstate access are central considerations for prospective buyers evaluating the tenant mix and long-term tenancy profile.
The building is strategically positioned as an outparcel to the dominant Walmart Supercenter and located just off Interstate 555. The site is described as having exceptional visibility and convenient accessibility, supported by its placement within one of Jonesboro’s most active retail corridors. The property is also noted as being surrounded by high-income residential neighborhoods.
For investors or owner-operators seeking a stabilized, income-producing asset, the current tenant roster and continued occupancy provide a straightforward starting point. The retail/office mix can appeal to tenants looking for exposure in a high-traffic retail setting while maintaining a professional environment for day-to-day operations. The property’s placement near a major anchor and its proximity to interstate access are central considerations for prospective buyers evaluating the tenant mix and long-term tenancy profile.
Key Highlights
- 2016‑built, well‑maintained retail/office building with 3 established tenants
- 100% occupancy reported since redevelopment, with no tenant turnover
- Positioned as an outparcel to the Walmart Supercenter off I‑555 in Jonesboro, AR
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
$54,391
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
6.19%
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%
$1,087,820
$1.1M
Cap Rate 7%
$777,014
$777.0K
Cap Rate 9%
$604,344
$604.3K
Market Conditions
NOI Build-Up for 5,820 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
$82.4K $14.16/SF
− Vacancy
−$9.9K −$1.70/SF
EGI
$72.5K $12.46/SF
− OpEx
−$18.1K −$3.12/SF
NOI
$54.4K $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 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%
$1,087,820
Cap Rate 7%
$777,014
Cap Rate 9%
$604,344
Alternative Uses
Best Use
Office B
$777.0K
$679.9K – $906.5K
NOI $54,391 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$708.3K
$619.7K – $826.3K
NOI $49,578 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.02M
$891.6K – $1.19M
NOI $71,325 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained building with three established tenants, positioned as a Walmart outparcel off I-555 in Jonesboro.
Where is this retail space located?
The property is located at 2007 West Parker Road Jonesboro, AR.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 2016‑built, well‑maintained retail/office building with 3 established tenants; 100% occupancy reported since redevelopment, with no tenant turnover; Positioned as an outparcel to the Walmart Supercenter off I‑555 in Jonesboro, AR
