Heritage Plaza Retail
For Sale
Contact for pricing
2209 E Highland Drive, Jonesboro, AR 72401
The shopping center has on-site parking and recent property-wide capital improvements.
Property Size1,200 SF
Price / SF$0.02
Days on Market93
Property Features for 2209 E Highland Drive
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Listing Agency:
Coldwell Banker Village Communities Inc
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
Source:
Dustinwhiterealty
Added: Aug 4
Changed: Nov 3
Last Checked: Nov 4 at 7:03AM
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 Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Heritage Plaza offers retail space at 2209 E Highland Drive in Jonesboro. Recent capital work has updated the shopping center, and parking is available on site.
The property is across from Uptown shopping center. Nearby businesses include Tommy's Car Wash, Texas Roadhouse, Chipotle, Guthrie's, and Kroger.
The property is across from Uptown shopping center. Nearby businesses include Tommy's Car Wash, Texas Roadhouse, Chipotle, Guthrie's, and Kroger.
Key Highlights
- Recent capital improvements across the shopping center
- On‑site parking
- Across from Uptown shopping center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,222
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,440
$204.4K
Cap Rate 7%
$146,029
$146.0K
Cap Rate 9%
$113,578
$113.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$15.6K $12.96/SF
− Vacancy
−$949 −$0.79/SF
EGI
$14.6K $12.17/SF
− OpEx
−$4.4K −$3.65/SF
NOI
$10.2K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,440
Cap Rate 7%
$146,029
Cap Rate 9%
$113,578
Alternative Uses
Best Use
Retail
$146.0K
$127.8K – $170.4K
NOI $10,222 @ 7.0% cap · market cap 51,110.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.1K
$183.8K – $245.1K
NOI $14,706 @ 7.0% cap · market cap 73,530.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
788k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Shops & Services 26%
Apparel 15%
Groceries 12%
Walmart
Superstores
131,832 visits/mo
0.4 miles
Sam's Club
Superstores
116,835 visits/mo
0.3 miles
Kroger
Groceries
64,256 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
63,556 visits/mo
0.3 miles
Kohl's
Apparel
45,696 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The shopping center has on-site parking and recent property-wide capital improvements.
Where is this retail space located?
The property is located at 2209 E Highland Drive Jonesboro, AR.
What are key features of this property?
This property features: Recent capital improvements across the shopping center; On‑site parking; Across from Uptown shopping center
