2023 Warehouse
2431 W Washington Avenue, Jonesboro, AR 72401
For Sale
Contact for pricing
Constructed in 2023 with window unit cooling.
Property Size2,000 SF
Price / SF$0.93
Days on Market103
Property Features for 2431 W Washington Avenue
General Information
Standard status
Size
Total Parking Spaces
Taxes and HOA fees
Annual Taxes
Amenities
Window Unit(s)
Traditional
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Halsey Thrasher Harpole Real Estate Group
Listed By:
Martin Young · License #00071488
(870) 930-9017
Source:
Evrealestate
Added: Jul 30
Changed: Oct 26
Last Checked: Nov 8 at 6:29AM
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 Halsey Thrasher Harpole Real Estate Group
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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 warehouse property was constructed in 2023 and includes window unit cooling. The exterior has a traditional design.
Located at 2431 W Washington Avenue in Jonesboro, Arkansas, the property is in Craighead County and sits along the route toward I-555.
Located at 2431 W Washington Avenue in Jonesboro, Arkansas, the property is in Craighead County and sits along the route toward I-555.
Key Highlights
- Constructed in 2023
- Window unit cooling
- Traditional exterior design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,705
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,100
$194.1K
Cap Rate 7%
$138,643
$138.6K
Cap Rate 9%
$107,833
$107.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$12.0K $6.00/SF
− Vacancy
−$582 −$0.29/SF
EGI
$11.4K $5.71/SF
− OpEx
−$1.7K −$0.86/SF
NOI
$9.7K $4.85/SF
Area
Craighead County, AR
Vacancy
4.85%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,100
Cap Rate 7%
$138,643
Cap Rate 9%
$107,833
Alternative Uses
Best Use
Warehouse
$138.6K
$121.3K – $161.8K
NOI $9,705 @ 7.0% cap · market cap 524.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 1,324.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
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
$185,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Jonesboro, AR
Properties on Market for Warehouses in Jonesboro
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Storplex — 2501 W Washington Ave, Jonesboro, AR 72401
- Dacus Mini Warehouses — 1804 W Washington Ave, Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Warehouse - Constructed in 2023 with window unit cooling.
Where is this warehouse located?
The property is located at 2431 W Washington Avenue Jonesboro, AR.
What are key features of this property?
This property features: Constructed in 2023; Window unit cooling; Traditional exterior design
