Automotive Service Building with
For Sale
$600,000
2901 E Parker Rd, Jonesboro, AR 72404
Service-bay configuration supports automotive operations or conversion to retail use.
Property Size2,016 SF
Price / SF$297.62
Days on Market28
Property Features for 2901 E Parker Rd
General Information
Standard status
Active
Size
2,016 SF
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1998
Buildings
1
Listing Agency:
Halsey Real Estate
Listed By:
Taylor Wilson, Landon Wilson
Source:
Pcsingtolittlerock
Added: Aug 6
Changed: Aug 30
Last Checked: Sep 1 at 9:15PM
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 2,016-square-foot commercial building was formerly operated as a quick-lube facility and retains service bays suited to automotive work. The interior arrangement can also accommodate a retail or specialty-use conversion. A paved site with ample parking supports customer access and day-to-day circulation.
The property is located just off I-555 along E Parker Rd in Jonesboro, within a commercial corridor that includes national retailers and auto dealerships. C-3 zoning supports the stated automotive, service, retail, and specialty-use possibilities. Built in 1998, the property offers a compact existing improvement for an owner-user or investor.
The property is located just off I-555 along E Parker Rd in Jonesboro, within a commercial corridor that includes national retailers and auto dealerships. C-3 zoning supports the stated automotive, service, retail, and specialty-use possibilities. Built in 1998, the property offers a compact existing improvement for an owner-user or investor.
Key Highlights
- ±2,016 SF building with existing service bays
- Former quick‑lube facility
- Paved site with ample parking
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
$17,174
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
2.86%
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%
$343,480
$343.5K
Cap Rate 7%
$245,343
$245.3K
Cap Rate 9%
$190,822
$190.8K
Market Conditions
NOI Build-Up for 2,016 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
$26.1K $12.96/SF
− Vacancy
−$1.6K −$0.79/SF
EGI
$24.5K $12.17/SF
− OpEx
−$7.4K −$3.65/SF
NOI
$17.2K $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 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%
$343,480
Cap Rate 7%
$245,343
Cap Rate 9%
$190,822
Alternative Uses
Best Use
Retail
$245.3K
$214.7K – $286.2K
NOI $17,174 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$115.1K
$100.7K – $134.3K
NOI $8,057 @ 7.0% cap · market cap 1.34%
Theoretical Best
Office A
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
230k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 26%
Hotels & Casinos 6%
Home Improvements & Furnishings 1%
Cracker Barrel Old Country Store
Dining
32,501 visits/mo
0.3 miles
Casey's General Store
Shops & Services
20,506 visits/mo
0.4 miles
LongHorn Steakhouse
Dining
20,397 visits/mo
0.5 miles
Kum & Go
Shops & Services
19,267 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
15,435 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Davis Automotive & Fleet Services — 3106 Fox Rd, Jonesboro, AR 72404
- Cavenaugh Kia — 3315 Stadium Blvd, Jonesboro, AR 72404
- Central Toyota Service Department — 3305 Stadium Blvd, Jonesboro, AR 72404
- Bosche's Auto Service — 3013 Peabody Dr, Jonesboro, AR 72404
- Macks Garage — Jonesboro, AR 72404
Frequently Asked Questions
What type of property is this?
Auto shop - Service-bay configuration supports automotive operations or conversion to retail use.
Where is this auto shop located?
The property is located at 2901 E Parker Rd Jonesboro, AR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: ±2,016 SF building with existing service bays; Former quick‑lube facility; Paved site with ample parking
