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 Market75
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: Oct 17
Last Checked: Oct 7 at 5:22PM
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
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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 / Yr
$17,174
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
