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$131.07
Days on Market83
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
(870) 284-4448
Listed By:
Jeff Armstrong · License #AR SA00091379
Source:
Crexi
Added: May 19
Changed: Aug 7
Last Checked: Aug 9 at 3:32PM
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 = 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
$26,168
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
7.13%
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%
$523,360
$523.4K
Cap Rate 7%
$373,829
$373.8K
Cap Rate 9%
$290,756
$290.8K
Market Conditions
NOI Build-Up for 2,800 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
$39.6K $14.16/SF
− Vacancy
−$4.8K −$1.70/SF
EGI
$34.9K $12.46/SF
− OpEx
−$8.7K −$3.12/SF
NOI
$26.2K $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%
$523,360
Cap Rate 7%
$373,829
Cap Rate 9%
$290,756
Alternative Uses
Best Use
Office B
$373.8K
$327.1K – $436.1K
NOI $26,168 @ 7.0% cap · market cap 7.13%
Second Best
Flex RnD
$242.9K
$212.5K – $283.4K
NOI $17,003 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,314 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- 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 $367,000.
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.
