Retail Building with Flexible
For Sale
Contact for pricing
2608 Fair Park Boulevard, Jonesboro, AR 72401
Commercial / Industrial, Jonesboro, AR
Property Size6,500 SF
Lot Size1.21 Acres
Price / SF$0.00
Days on Market181
Property Features for 2608 Fair Park Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
65
Subdivision
Metes & Bounds
Directions
Head south on Fair Park Blvd. Property will be on the east side next to Success Credit Union
Standard status
Active
APN
01-144283-04100
Size
6,500 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BILL PHILLIPS REPLAT OF LOTS 1
Tax Annual Amount
20863
Legal Description
BILL PHILLIPS REPLAT OF LOTS 1
Building Details
Floors in Building
1
Roof type
Flat
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Taylor Wilson
(870) 926-4588
Added: Apr 22
Changed: Oct 8
Last Checked: Oct 19 at 9:06PM
MLS# 26016249
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 retail property at 2608 Fair Park Boulevard includes approximately 6,500 square feet within a largely open building layout. The space can be divided into areas as small as approximately 2,500 square feet, providing flexibility for different operational footprints. The primary frontage and main entrance are available for the incoming occupant, and the building has a flat roof.
Located along Fair Park Boulevard in Jonesboro’s primary retail district, the property offers access to I-555 and sits among national and regional businesses. On-site parking accommodates customer and employee access. The existing configuration is suited to retail, office, medical, service, and specialty concepts, with tenant improvement incentives identified for future adaptation.
Located along Fair Park Boulevard in Jonesboro’s primary retail district, the property offers access to I-555 and sits among national and regional businesses. On-site parking accommodates customer and employee access. The existing configuration is suited to retail, office, medical, service, and specialty concepts, with tenant improvement incentives identified for future adaptation.
Key Highlights
- Approximately 6,500 SF retail building on 1.21 acres
- Space can be divided to approximately 2,500 SF
- Primary frontage and main entrance available to incoming occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,371
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,420
$1.1M
Cap Rate 7%
$791,014
$791.0K
Cap Rate 9%
$615,233
$615.2K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$84.2K $12.96/SF
− Vacancy
−$5.1K −$0.79/SF
EGI
$79.1K $12.17/SF
− OpEx
−$23.7K −$3.65/SF
NOI
$55.4K $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%
$1,107,420
Cap Rate 7%
$791,014
Cap Rate 9%
$615,233
Alternative Uses
Best Use
Office B
$867.8K
$759.3K – $1.01M
NOI $60,746 @ 7.0% cap · market cap 337,477.78%
Second Best
Retail
$791.0K
$692.1K – $922.9K
NOI $55,371 @ 7.0% cap · market cap 307,616.67%
Theoretical Best
Office A
$1.14M
$995.7K – $1.33M
NOI $79,659 @ 7.0% cap · market cap 442,550.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
921
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open configuration supports retail, office, medical, and service-oriented uses.
Where is this retail space located?
The property is located at 2608 Fair Park Boulevard Jonesboro, AR.
What are key features of this property?
This property features: Approximately 6,500 SF retail building on 1.21 acres; Space can be divided to approximately 2,500 SF; Primary frontage and main entrance available to incoming occupant
