Flex Building with Office/Warehouse
For Sale
Contact for pricing
3105 Parker Annex Road, Jonesboro, AR 72404
2,800 SF flex building suitable for office, warehouse, shop.
Property Size2,800 SF
Lot Size0.19 Acres
Price / SF$121.07
Days on Market147
Property Features for 3105 Parker Annex Road
General Information
Standard status
Active
Size
2,800 SF
Class
C
Total Parking Spaces
7
Lot size
0.19 Acres
Property subtype
Office, Industrial, Special Purpose
Zoning
C-3 (General Commercial)
Investment Type
Owner/User
Building Details
Year Built
1994
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Jeff Armstrong · License #AR SA00091379
(870) 336-8000
Source:
Crexi
Added: May 19
Changed: Oct 6
Last Checked: Oct 11 at 5:28AM
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 Haag Brown Commercial Real Estate and Development
Investment Insights
Based on property information with market context.
This approximately 2,800 SF building is situated on 0.19 acres just off Parker Rd, located between Harrisburg Rd and Southwest Drive. The property is well-suited for a flex user requiring combined office, warehouse, and shop space. It features a reception area, four private offices, and a break room. The building also includes five overhead doors and 100% HVAC, with the warehouse space utilizing a mini-split system. The zoning is C-3 (General Commercial), offering flexible uses for potential occupants.
Key Highlights
- Approximately 2,800 SF building suitable for flex use (office, warehouse, shop).
- Located just off Parker Rd, a desirable location between Harrisburg Rd and Southwest Drive.
- Zoning: C‑3 (General Commercial) allows for flexible uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,003
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,060
$340.1K
Cap Rate 7%
$242,900
$242.9K
Cap Rate 9%
$188,922
$188.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$27.9K $9.96/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$26.2K $9.34/SF
− OpEx
−$9.2K −$3.27/SF
NOI
$17.0K $6.07/SF
Area
Craighead County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,060
Cap Rate 7%
$242,900
Cap Rate 9%
$188,922
Alternative Uses
Best Use
Flex RnD
$242.9K
$212.5K – $283.4K
NOI $17,003 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$159.9K
$139.9K – $186.5K
NOI $11,190 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,314 @ 7.0% cap · market cap 10.12%
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
204
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Bistro On The Ridge Catering — 925 E Parker Rd Ste B, Jonesboro, AR 72404
Frequently Asked Questions
What type of property is this?
Flex space - 2,800 SF flex building suitable for office, warehouse, shop.
Where is this flex space located?
The property is located at 3105 Parker Annex Road Jonesboro, AR.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Approximately 2,800 SF building suitable for flex use (office, warehouse, shop).; Located just off Parker Rd, a desirable location between Harrisburg Rd and Southwest Drive.; Zoning: C‑3 (General Commercial) allows for flexible uses.
