Office and Warehouse on Dan
3101 Dan Avenue, Jonesboro, AR 72401
For Sale
$499,000
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 Market250
Property Features for 3101 Dan Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Building Size
Listing Agency:
COLDWELL BANK VILLAGE COMMUNITIES
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 BANK VILLAGE COMMUNITIES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$28,598
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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.
