2400 E Highland Dr, Jonesboro, AR
Fully occupied office building with ample parking and highway access.
- Added:
- Nov 30, 2023
- Days on Market:
- 949
- Last Refresh:
- May 19 at 8:57 pm
Property Features for 2400 E Highland Dr
General Information
- Standard status
- Active
- Size
- 55,639 SF
- Lot size
- 3.35 Acres
- Property subtype
- OFFICE
Listing office Colliers - Little Rock (501) 372-6161
Listing date Nov 30, 2023
Source Moodyscre
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
HighLights
- 100% Occupied, providing immediate income.
- Ample Parking for tenants and visitors.
- Located on Major Arterial, offering excellent visibility.
- Quick Access to I‑555 for convenient commuting.
- Located in Jonesboro, AR.
- Office Building.
Overview
Local 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 | $787.8k | $14.16 |
| − Vacancy | −$94.5k | −$1.70 |
| EGI | $693.3k | $12.46 |
| − OpEx | −$173.3k | −$3.12 |
| NOI | $520.0k | $9.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6762
- Latitude
- 35.8222
