Versatile Commercial Building in
For Sale
$625,000
3104 Prosperity Drive, Jonesboro, AR 72404
Nearly 5,000 sq ft commercial building in high-traffic area.
Property Size4,909 SF
Price / SF$125
Days on Market216
Property Features for 3104 Prosperity Drive
General Information
Standard status
Active
Size
4,909 SF
Total Parking Spaces
27
Property subtype
Mixed Use
Zoning
C-3
Building Details
Building Size
4,909 SF
Year Built
2017
Stories
2
Listing Agency:
COLDWELL BANK VILLAGE COMMUNITIES
Listed By:
Chrystle Mommsen · License #EB00077208
(870) 378-3022
Source:
Cbcworldwide
Added: Mar 5
Changed: Sep 12
Last Checked: Oct 7 at 8:27AM
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
Investment Insights
Based on property information with market context.
This commercial building, with nearly 5,000 sq ft of space, is located behind Malco and Central Chevrolet. The property features an adaptable layout that includes open garage space, three large bay doors, an office area, and restrooms. The property is currently tenant-occupied with a flexible lease. The property is suited for a range of commercial uses, including a retail storefront, automotive repair shop, or mixed-use commercial space. It is located in a high-traffic area with visibility and growth potential.
Key Highlights
- Prime commercial location in a high‑traffic area behind Malco and Central Chevrolet.
- Versatile 5,000 sq ft building suitable for various commercial uses.
- Features spacious open garage space and three large bay doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,950
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,000
$759.0K
Cap Rate 7%
$542,143
$542.1K
Cap Rate 9%
$421,667
$421.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$66.0K $13.20/SF
− Vacancy
−$5.3K −$1.06/SF
EGI
$60.7K $12.14/SF
− OpEx
−$22.8K −$4.55/SF
NOI
$38.0K $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 Rate 5%
$759,000
Cap Rate 7%
$542,143
Cap Rate 9%
$421,667
Alternative Uses
Best Use
Mixed Use
$542.1K
$474.4K – $632.5K
NOI $37,950 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$875.4K
$766.0K – $1.02M
NOI $61,276 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nearly 5,000 sq ft commercial building in high-traffic area.
Where is this mixed-use property located?
The property is located at 3104 Prosperity Drive Jonesboro, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime commercial location in a high‑traffic area behind Malco and Central Chevrolet.; Versatile 5,000 sq ft building suitable for various commercial uses.; Features **spacious open garage space** and **three large bay doors**.
