Multi-Tenant Retail Strip
2411 Race Street Suite B, Jonesboro, AR 72401
For Sale
Contact for pricing
Built in 2021, the property has established food and personal-care tenants, with another restaurant tenant announced.
Property Size1,520 SF
Price / SF$0.01
Days on Market1330
Property Features for 2411 Race Street Suite B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Carroll Caldwell · License AR #00001692
(870) 931-8233
Source:
Esqbrokers
Added: Mar 22, 2023
Changed: Nov 7
Last Checked: Nov 9 at 4:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,520-square-foot retail property at 2411 Race Street includes Ding Tea and Lucky Nails & Spa, with Kazoku Hibachi Express identified as an upcoming tenant. The building was completed in 2021 and is listed as Suite B.
The property is in Jonesboro, near major retailers. Its tenant mix includes beverage service, nail care and a forthcoming hibachi restaurant.
The property is in Jonesboro, near major retailers. Its tenant mix includes beverage service, nail care and a forthcoming hibachi restaurant.
Key Highlights
- 1,520‑square‑foot retail property at 2411 Race Street, Suite B
- Built in 2021
- Current tenants include Ding Tea and Lucky Nails & Spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,948
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,960
$259.0K
Cap Rate 7%
$184,971
$185.0K
Cap Rate 9%
$143,867
$143.9K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$19.7K $12.96/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$18.5K $12.17/SF
− OpEx
−$5.5K −$3.65/SF
NOI
$12.9K $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%
$258,960
Cap Rate 7%
$184,971
Cap Rate 9%
$143,867
Alternative Uses
Best Use
Retail
$185.0K
$161.9K – $215.8K
NOI $12,948 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
456k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 26%
Dining 23%
Shops & Services 20%
Apparel 13%
Sam's Club
Superstores
116,835 visits/mo
0.3 miles
Kohl's
Apparel
45,696 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
32,501 visits/mo
0.4 miles
Sam's Club Gas Station
Shops & Services
31,057 visits/mo
0.2 miles
Kum & Go
Shops & Services
27,576 visits/mo
0.5 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?
Strip mall - Built in 2021, the property has established food and personal-care tenants, with another restaurant tenant announced.
Where is this strip mall located?
The property is located at 2411 Race Street Suite B Jonesboro, AR.
What are key features of this property?
This property features: 1,520‑square‑foot retail property at 2411 Race Street, Suite B; Built in 2021; Current tenants include Ding Tea and Lucky Nails & Spa
