Office and Warehouse on Dan
For Sale
$499,000
3101 Dan Avenue, Jonesboro, AR 72401
Two buildings with office and warehouse space on 1.34 acres.
Property Size4,860 SF
Lot Size1.34 Acres
Price / SF$163.07
Days on Market157
Property Features for 3101 Dan Avenue
General Information
Standard status
Active
Size
4,860 SF
Lot size
1.34 Acres
Property subtype
Mixed Use
Zoning
C-3
Building Details
Building Size
4,860 SF
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Kevin Kercheval · License #PB00056142
(870) 935-7800
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:05AM
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
Investment Insights
Based on property information with market context.
Located on Dan Avenue in Jonesboro, Arkansas, the property at 3101 Dan Avenue features two buildings on a 1.34-acre, fully fenced site. The location benefits from approximately 9,500 vehicles per day. The primary building offers 3,060 square feet of space with a functional mix of office and warehouse areas. The secondary building totals 1,800 square feet and includes warehouse space, a restroom, and a breakroom. Zoned C-3, the property is suitable for owner-users or investors, with the option to occupy or lease the buildings together or separately. The current business is relocating. An additional 3.6 acres +/- adjoining is available as well.
Key Highlights
- Two buildings totaling 4,860 SF offering flexible use.
- Located on a fully fenced 1.34‑acre site on Dan Avenue with approximately 9,500 VPD.
- Functional mix of office and warehouse space in the primary building.
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
$28,598
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
5.73%
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%
$571,960
$572.0K
Cap Rate 7%
$408,543
$408.5K
Cap Rate 9%
$317,756
$317.8K
Market Conditions
NOI Build-Up for 3,060 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
$43.3K $14.16/SF
− Vacancy
−$5.2K −$1.70/SF
EGI
$38.1K $12.46/SF
− OpEx
−$9.5K −$3.12/SF
NOI
$28.6K $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 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%
$571,960
Cap Rate 7%
$408,543
Cap Rate 9%
$317,756
Alternative Uses
Best Use
Office B
$408.5K
$357.5K – $476.6K
NOI $28,598 @ 7.0% cap · market cap 5.73%
Second Best
Mixed Use
$331.8K
$290.3K – $387.1K
NOI $23,225 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$535.7K
$468.8K – $625.0K
NOI $37,501 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings with office and warehouse space on 1.34 acres.
Where is this mixed-use property located?
The property is located at 3101 Dan Avenue Jonesboro, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two buildings totaling 4,860 SF offering flexible use.; Located on a fully fenced 1.34‑acre site on Dan Avenue with approximately 9,500 VPD.; Functional mix of office and warehouse space in the primary building.
