Two-Suite Office
2500 Sunny Meadow Drive, Jonesboro, AR 72404
For Sale
Contact for pricing
One suite is leased, while the larger portion is available for owner occupancy.
Property Size3,000 SF
Price / SF$183.33
Days on Market15
Property Features for 2500 Sunny Meadow Drive
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Zac Qualls · License #EB00073816
(870) 284-4448
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:10PM
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 Haag Brown Commercial Real Estate and Development
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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 3,000-square-foot office building is divided into two suites. The 1,800-square-foot suite is available for owner occupancy, and the 1,200-square-foot suite is leased to State Farm. On-site parking serves the building.
The property is behind Malco Towne Cinema, with access to Interstate 555, Caraway Road, and Red Wolf Boulevard. These routes connect the site with Jonesboro’s commercial corridors.
The property is behind Malco Towne Cinema, with access to Interstate 555, Caraway Road, and Red Wolf Boulevard. These routes connect the site with Jonesboro’s commercial corridors.
Key Highlights
- 3,000‑square‑foot office building with two suites
- 1,800‑square‑foot suite available for owner occupancy
- 1,200‑square‑foot suite leased to State Farm
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,037
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,740
$560.7K
Cap Rate 7%
$400,529
$400.5K
Cap Rate 9%
$311,522
$311.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$42.5K $14.16/SF
− Vacancy
−$5.1K −$1.70/SF
EGI
$37.4K $12.46/SF
− OpEx
−$9.3K −$3.12/SF
NOI
$28.0K $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%
$560,740
Cap Rate 7%
$400,529
Cap Rate 9%
$311,522
Alternative Uses
Best Use
Office B
$400.5K
$350.5K – $467.3K
NOI $28,037 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 6.68%
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
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - One suite is leased, while the larger portion is available for owner occupancy.
Where is this office building located?
The property is located at 2500 Sunny Meadow Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building with two suites; 1,800‑square‑foot suite available for owner occupancy; 1,200‑square‑foot suite leased to State Farm
