Furnished Office
2408 Phillips Drive #Suite B, Jonesboro, AR 72401
For Sale
Contact for pricing
A remodeled, move-in-ready workspace includes private offices, conference rooms, storage, and a full kitchen.
Property Size2,500 SF
Price / SF$1.20
Days on Market144
Property Features for 2408 Phillips Drive #Suite B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Space & Availability
Condition
Furnished
Additional Details
Property Use
Amenities
conference rooms
storage room
full kitchen
Furnished
Kitchen Area
Smoke Detector
Wheelchair Accessible
Building Details
Building Size
Year Built
Stories
Listing Agency:
Burch And Co. Real Estate
(870) 680-3820
Listed By:
Ricardo Marino
(870) 351-2242
Source:
Carolynrussellrealestate
Added: Jun 19
Changed: Nov 3
Last Checked: Nov 8 at 7:11PM
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
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.
This furnished office building was remodeled and includes 4 offices, 2 conference rooms, a large storage room, 1 restroom, and a full kitchen. The 2,500-square-foot property was built in 1986 and comes with furnishings in place.
Located at 2408 Phillips Drive, Suite B, in Jonesboro, the property includes parking. Its layout combines private work areas with shared meeting space and on-site storage.
Located at 2408 Phillips Drive, Suite B, in Jonesboro, the property includes parking. Its layout combines private work areas with shared meeting space and on-site storage.
Key Highlights
- 2,500 square feet of office space
- 4 offices and 2 conference rooms
- Large storage room and full kitchen
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Jonesboro, AR
Properties on Market for Office buildings in Jonesboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A remodeled, move-in-ready workspace includes private offices, conference rooms, storage, and a full kitchen.
Where is this office building located?
The property is located at 2408 Phillips Drive #Suite B Jonesboro, AR.
What are key features of this property?
This property features: 2,500 square feet of office space; 4 offices and 2 conference rooms; Large storage room and full kitchen
