Leased Office
2710 Phillips Drive, Jonesboro, AR 72401
For Sale
Contact for pricing
The current occupancy extends through December 31, 2026, and includes a five-year renewal option.
Property Size3,100 SF
Lot Size0.32 Acres
Price / SF$161.29
Days on Market11
Property Features for 2710 Phillips Drive
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
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 30
Changed: Nov 8
Last Checked: Nov 8 at 4:53PM
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.
At 2710 Phillips Drive, the office property comprises approximately 3,100 square feet on about 0.32 acres. Trinity Home Health occupies the building under a lease that runs through December 31, 2026, with an option for an additional five-year term.
The Jonesboro property is near Red Wolf Boulevard, Caraway Road, and Interstate 555. Hotels are concentrated along Phillips Drive and nearby streets, with restaurants, shopping, and services also accessible in the surrounding area.
The Jonesboro property is near Red Wolf Boulevard, Caraway Road, and Interstate 555. Hotels are concentrated along Phillips Drive and nearby streets, with restaurants, shopping, and services also accessible in the surrounding area.
Key Highlights
- Approximately 3,100 SF office building on about 0.32 acres
- Occupied by Trinity Home Health
- Lease term runs through December 31, 2026, with a five‑year extension option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,971
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,420
$579.4K
Cap Rate 7%
$413,871
$413.9K
Cap Rate 9%
$321,900
$321.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$43.9K $14.16/SF
− Vacancy
−$5.3K −$1.70/SF
EGI
$38.6K $12.46/SF
− OpEx
−$9.7K −$3.12/SF
NOI
$29.0K $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%
$579,420
Cap Rate 7%
$413,871
Cap Rate 9%
$321,900
Alternative Uses
Best Use
Office B
$413.9K
$362.1K – $482.9K
NOI $28,971 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.7K
$474.9K – $633.2K
NOI $37,991 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
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
$185,400
Median Home Value
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Market
Average Price Trend$/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 - The current occupancy extends through December 31, 2026, and includes a five-year renewal option.
Where is this office building located?
The property is located at 2710 Phillips Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 3,100 SF office building on about 0.32 acres; Occupied by Trinity Home Health; Lease term runs through December 31, 2026, with a five‑year extension option
