Retail Space with Custom
For Sale
Contact for pricing
2823 Creek Drive, Jonesboro, AR 72401
Compact commercial building with build-out flexibility near Jonesboro’s primary retail corridor.
Property Size1,344 SF
Price / SF$0.02
Days on Market85
Property Features for 2823 Creek Drive
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Commercial / Industrial
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
Source:
Heilesassociatesrealtors
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 16 at 8:45AM
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 Coldwell Banker Village Communities
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Investment Insights
Based on property information with market context.
This retail property includes a 1,344-square-foot building on approximately 0.54 acres. Ownership is willing to complete a custom build-out based on tenant requirements, providing flexibility for a range of small-format retail concepts and restaurant users.
The site sits on Creek Drive, just off Red Wolf Boulevard, where traffic is approximately 37,000 vehicles per day. The surrounding retail environment includes Walmart Neighborhood Market, Buffalo Wild Wings, Chick-fil-A, Chili’s, Olive Garden, Target, JCPenney, and Dillard’s, placing the property within Jonesboro’s primary retail trade area.
The site sits on Creek Drive, just off Red Wolf Boulevard, where traffic is approximately 37,000 vehicles per day. The surrounding retail environment includes Walmart Neighborhood Market, Buffalo Wild Wings, Chick-fil-A, Chili’s, Olive Garden, Target, JCPenney, and Dillard’s, placing the property within Jonesboro’s primary retail trade area.
Key Highlights
- Approximately 0.54 acres with +/- 1,344 square foot building
- Custom build‑out available to accommodate tenant requirements
- Creek Drive location just off Red Wolf Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,980
$229.0K
Cap Rate 7%
$163,557
$163.6K
Cap Rate 9%
$127,211
$127.2K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$17.4K $12.96/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$16.4K $12.17/SF
− OpEx
−$4.9K −$3.65/SF
NOI
$11.4K $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%
$228,980
Cap Rate 7%
$163,557
Cap Rate 9%
$127,211
Alternative Uses
Best Use
Specialty Retail
$202.8K
$177.5K – $236.6K
NOI $14,198 @ 7.0% cap · market cap 47,326.67%
Second Best
Retail
$163.6K
$143.1K – $190.8K
NOI $11,449 @ 7.0% cap · market cap 38,163.33%
Theoretical Best
Office A
$235.3K
$205.9K – $274.5K
NOI $16,471 @ 7.0% cap · market cap 54,903.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Apparel 49%
Dollar Tree
Shops & Services
12,107 visits/mo
0.5 miles
Hibbett Sports
Apparel
11,749 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Compact commercial building with build-out flexibility near Jonesboro’s primary retail corridor.
Where is this retail space located?
The property is located at 2823 Creek Drive Jonesboro, AR.
What are key features of this property?
This property features: Approximately 0.54 acres with +/- 1,344 square foot building; Custom build‑out available to accommodate tenant requirements; Creek Drive location just off Red Wolf Boulevard
