Office Building With 12
For Sale
$2,700,000
2804 Longview Dr, Jonesboro, AR 72401
Furnished professional workspace includes private offices, workstations, and shared meeting and break areas.
Property Size9,224 SF
Price / SF$292.71
Days on Market56
Property Features for 2804 Longview Dr
General Information
Standard status
Active
Size
9,224 SF
Additional Details
Furnished
Yes
Amenities
12 spacious offices
12 work stations
large break area
smart conference room
Building Details
Buildings
1
Building Size
9,224 SF
Listing Agency:
Halsey Real Estate
(870) 930-9017
Listed By:
Martin Young · License #00071488
(870) 930-9017
Source:
Exprealty
Added: Jun 18
Changed: Aug 12
Last Checked: Aug 12 at 2:01AM
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 Real Estate
Investment Insights
Based on property information with market context.
This 9,224-square-foot office building in Windover Office Park provides a furnished configuration for professional operations. The layout includes 12 offices, 12 workstations, a break area, and a conference room, giving the property a mix of individual rooms and shared workspace. Furniture is included with the building.
Located at 2804 Longview Dr in Jonesboro, Arkansas, the property is positioned within an established office park setting. Its existing office improvements and varied workspace arrangement support a range of professional business operations without relying on a single suite format. The building is offered in connection with both sale and lease availability in the property information.
Located at 2804 Longview Dr in Jonesboro, Arkansas, the property is positioned within an established office park setting. Its existing office improvements and varied workspace arrangement support a range of professional business operations without relying on a single suite format. The building is offered in connection with both sale and lease availability in the property information.
Key Highlights
- 9,224‑square‑foot office building in Windover Office Park
- 12 offices and 12 workstations
- Furniture included with the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,724,080
$1.7M
Cap Rate 7%
$1,231,486
$1.2M
Cap Rate 9%
$957,822
$957.8K
Market Conditions
NOI Build-Up for 9,224 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$130.6K $14.16/SF
− Vacancy
−$15.7K −$1.70/SF
EGI
$114.9K $12.46/SF
− OpEx
−$28.7K −$3.12/SF
NOI
$86.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,724,080
Cap Rate 7%
$1,231,486
Cap Rate 9%
$957,822
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,204 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,042 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
789
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Furnished professional workspace includes private offices, workstations, and shared meeting and break areas.
Where is this office building located?
The property is located at 2804 Longview Dr Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 9,224‑square‑foot office building in Windover Office Park; 12 offices and 12 workstations; Furniture included with the building
