Mixed-Use Building with
For Sale
$550,000
303 S Main Street, Jonesboro, AR 72401
Commercial / Industrial, Jonesboro, AR
Property Size5,379 SF
Lot Size0.08 Acres
Price / SF$102.25
Days on Market145
Property Features for 303 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Display Window, Equipment (see remarks), Inventory (see remarks), Smoke Detector, Handicapped Design, Furnished, Kitchen Area, Furniture Included, In-Unit Bathroom, Stairs
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
Head N on southwest drive towards main. in between jefferson and huntington on the left
Subdivision
Jonesboro D
Standard status
Active
Size
5,379 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROBERTSON ADD
Tax Annual Amount
3313
Legal Description
ROBERTSON ADD
Building Details
Year built
1920
Floors in Building
2
Flooring type
Wood, Tile, Vinyl
Additional Structures
See Remarks
Listing Agency:
Century 21 Portfolio
(870) 933-0026
Listed By:
Lindsay Ivy · License #SA00093626
(870) 340-7555
Added: May 14
Changed: Oct 5
Last Checked: Oct 5 at 10:06AM
MLS# 26020519
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 303 S Main Street, this 5,379-square-foot mixed-use building combines a functioning restaurant on the ground floor with an upper level originally designed for offices. Interior features include a kitchen area, display window, furnishings and equipment, with wood, tile and vinyl flooring. An accessible approach ramp is provided.
Built in 1920, the property occupies a 0.08-acre lot in Jonesboro, Arkansas.
Built in 1920, the property occupies a 0.08-acre lot in Jonesboro, Arkansas.
Key Highlights
- Operating restaurant space on the ground floor
- 5,379‑square‑foot building on a 0.08‑acre lot
- Upper level originally designed for office use
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
$40,827
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
7.42%
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%
$816,540
$816.5K
Cap Rate 7%
$583,243
$583.2K
Cap Rate 9%
$453,633
$453.6K
Market Conditions
NOI Build-Up for 5,379 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
$71.0K $13.20/SF
− Vacancy
−$5.7K −$1.06/SF
EGI
$65.3K $12.14/SF
− OpEx
−$24.5K −$4.55/SF
NOI
$40.8K $7.59/SF
Area
Craighead County, AR
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$816,540
Cap Rate 7%
$583,243
Cap Rate 9%
$453,633
Alternative Uses
Best Use
Specialty Retail
$811.7K
$710.3K – $947.0K
NOI $56,822 @ 7.0% cap · market cap 10.33%
Second Best
Mixed Use
$583.2K
$510.3K – $680.5K
NOI $40,827 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$941.7K
$824.0K – $1.10M
NOI $65,921 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Home Improvements & Furnishings 1%
Dollar General
Shops & Services
8,793 visits/mo
0.4 miles
Exxon
Shops & Services
5,672 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,391 visits/mo
0.4 miles
Exxon
Shops & Services
2,664 visits/mo
0.1 miles
Cadence Bank
Shops & Services
1,594 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating ground-floor restaurant is paired with an upper level originally configured for office use.
Where is this mixed-use property located?
The property is located at 303 S Main Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Operating restaurant space on the ground floor; 5,379‑square‑foot building on a 0.08‑acre lot; Upper level originally designed for office use
