Updated Office
For Sale
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300 Cate Ave, Jonesboro, AR 72401
Flexible downtown workspace with private offices, open work areas, reception space, and access to private and public parking.
Property Size1,888 SF
Price / SF$0.01
Days on Market85
Property Features for 300 Cate Ave
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Commercial / Industrial
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Taylor Wilson · License #00086756
(870) 926-4588
Source:
Heilesassociatesrealtors
Added: Jul 28
Changed: Oct 14
Last Checked: Oct 19 at 6:52AM
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 1,888-square-foot office property, built in 2008, combines updated interior finishes with a practical mix of private office areas and open workspace. A dedicated reception area provides an organized arrival point, while the varied layout can accommodate professional, wellness, small-business, or creative office users as described for the property.
The building is positioned in Downtown Jonesboro near the courthouse, St. Bernards, and Arkansas State University. Restaurants and shops are also nearby, supporting convenient access for employees and visitors. Parking includes a combination of private spaces at the property and nearby public options.
The building is positioned in Downtown Jonesboro near the courthouse, St. Bernards, and Arkansas State University. Restaurants and shops are also nearby, supporting convenient access for employees and visitors. Parking includes a combination of private spaces at the property and nearby public options.
Key Highlights
- 1,888 SF office property built in 2008
- Updated interiors with multiple private office areas
- Open workspace and dedicated front reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,880
$352.9K
Cap Rate 7%
$252,057
$252.1K
Cap Rate 9%
$196,044
$196.0K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$26.7K $14.16/SF
− Vacancy
−$3.2K −$1.70/SF
EGI
$23.5K $12.46/SF
− OpEx
−$5.9K −$3.12/SF
NOI
$17.6K $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 Rate 5%
$352,880
Cap Rate 7%
$252,057
Cap Rate 9%
$196,044
Alternative Uses
Best Use
Office B
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 88,220.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.5K
$289.2K – $385.6K
NOI $23,138 @ 7.0% cap · market cap 115,690.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,070
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
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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?
Office unit - Flexible downtown workspace with private offices, open work areas, reception space, and access to private and public parking.
Where is this office unit located?
The property is located at 300 Cate Ave Jonesboro, AR.
What are key features of this property?
This property features: 1,888 SF office property built in 2008; Updated interiors with multiple private office areas; Open workspace and dedicated front reception area
