Shopping Center with Medical
For Sale
Contact for pricing
2929 S Caraway Suite 5, Jonesboro, AR 72401
Corner-center space accommodates medical, office, and retail uses with build-out flexibility.
Property Size1,275 SF
Price / SF$0.01
Days on Market95
Property Features for 2929 S Caraway Suite 5
General Information
Standard status
Active
Size
1,275 SF
Property subtype
Commercial / Industrial
Site & Location
Corner Location
Yes
Anchor Co-Tenants
CROP medical cannabis dispensary
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
Source:
Heilesassociatesrealtors
Added: Jul 18
Changed: Oct 9
Last Checked: Oct 19 at 6:51AM
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 shopping center offers units suited to medical, office, and retail operations, with available spaces beginning at 1,275 square feet. Ownership is open to customized interior build-outs, subject to negotiated terms, allowing the configuration to be tailored to an approved use.
The property is positioned at the corner of S. Caraway Road and the Browns Lane access road, with visibility from I-555 and access from Caraway. CROP medical cannabis dispensary serves as the center’s established anchor. Traffic counts are reported at 36,000 CPD on I-555 and 24,000 CPD on Caraway. The listed space is Suite 5 at 2929 S Caraway in Jonesboro, Arkansas.
The property is positioned at the corner of S. Caraway Road and the Browns Lane access road, with visibility from I-555 and access from Caraway. CROP medical cannabis dispensary serves as the center’s established anchor. Traffic counts are reported at 36,000 CPD on I-555 and 24,000 CPD on Caraway. The listed space is Suite 5 at 2929 S Caraway in Jonesboro, Arkansas.
Key Highlights
- Available units start at 1,275 SF
- CROP medical cannabis dispensary anchors the center
- Corner location at S. Caraway Road and Browns Lane access road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,861
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,220
$217.2K
Cap Rate 7%
$155,157
$155.2K
Cap Rate 9%
$120,678
$120.7K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$16.5K $12.96/SF
− Vacancy
−$1.0K −$0.79/SF
EGI
$15.5K $12.17/SF
− OpEx
−$4.7K −$3.65/SF
NOI
$10.9K $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%
$217,220
Cap Rate 7%
$155,157
Cap Rate 9%
$120,678
Alternative Uses
Best Use
Office B
$170.2K
$149.0K – $198.6K
NOI $11,916 @ 7.0% cap · market cap 85,114.29%
Second Best
Retail
$155.2K
$135.8K – $181.0K
NOI $10,861 @ 7.0% cap · market cap 77,578.57%
Theoretical Best
Office A
$223.2K
$195.3K – $260.4K
NOI $15,625 @ 7.0% cap · market cap 111,607.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Corner-center space accommodates medical, office, and retail uses with build-out flexibility.
Where is this shopping center located?
The property is located at 2929 S Caraway Suite 5 Jonesboro, AR.
What are key features of this property?
This property features: Available units start at 1,275 SF; CROP medical cannabis dispensary anchors the center; Corner location at S. Caraway Road and Browns Lane access road
