Furnished Office
For Sale
Contact for pricing
2408 Phillips Dr, Jonesboro, AR 72401
Remodeled business space includes private offices, meeting rooms, storage, and a full kitchen.
Property Size2,500 SF
Price / SF$1.20
Days on Market81
Property Features for 2408 Phillips Dr
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Furnished
Yes
Building Details
Year Built
1986
Listing Agency:
Burch and Co. Real Estate
Listed By:
Eric Burch
(870) 919-4968
Source:
Pcsingtolittlerock
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 7 at 4:32PM
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 Burch and Co. Real Estate
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Investment Insights
Based on property information with market context.
This office property at 2408 Phillips Dr in Jonesboro, AR provides 2,500 square feet of furnished workspace. The remodeled layout includes 4 offices, 2 conference rooms, a large storage room, 1 restroom, and a full kitchen, creating a practical configuration for business operations. The building was constructed in 1986.
Key Highlights
- 2,500 square feet of office space at 2408 Phillips Dr, Jonesboro, AR 72401
- Remodeled interior with furnishings included
- 4 offices and 2 conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,364
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,280
$467.3K
Cap Rate 7%
$333,771
$333.8K
Cap Rate 9%
$259,600
$259.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$35.4K $14.16/SF
− Vacancy
−$4.2K −$1.70/SF
EGI
$31.2K $12.46/SF
− OpEx
−$7.8K −$3.12/SF
NOI
$23.4K $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 Rate 5%
$467,280
Cap Rate 7%
$333,771
Cap Rate 9%
$259,600
Alternative Uses
Best Use
Office B
$333.8K
$292.1K – $389.4K
NOI $23,364 @ 7.0% cap · market cap 778.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.6K
NOI $30,638 @ 7.0% cap · market cap 1,021.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
862
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Remodeled business space includes private offices, meeting rooms, storage, and a full kitchen.
Where is this office unit located?
The property is located at 2408 Phillips Dr Jonesboro, AR.
What are key features of this property?
This property features: 2,500 square feet of office space at 2408 Phillips Dr, Jonesboro, AR 72401; Remodeled interior with furnishings included; 4 offices and 2 conference rooms
