Office Building with Warehouse
3301 S Caraway Road Jonesboro, AR 72401
3301 S Caraway Road, Jonesboro, AR, 72401
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For Sale
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15,600 SF office/warehouse on 1.62 acres, high-traffic location.
Property Size15,600 SF
Lot Size1.62 Acres
Price / SF$105.77
Days on Market60
Property Features for 3301 S Caraway Road
General Information
- Standard status
- Active
- Size
- 15,600 SF
- Lot size
- 1.62 Acres
- Property subtype
- Office, Industrial
Listing Agency
Haag Brown Commercial Real Estate and Development
(870) 284-4448
Listed by
Zac Qualls · License #EB00073816
Source
Crexi
Added: May 23 Updated: Jul 10 at 1:41 pm Checked: Jul 19 at 9:48 am
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 15,600 square foot building is situated on 1.62 acres just south of Interstate 555 on South Caraway Rd. The location lends the property excellent exposure to approximately 18,000 cars per day. The building consists of approximately 6,000 square feet of warehouse space and approximately 9,600 square feet of two-story office space. The office space includes a newly renovated lobby area and conference room, updated individual offices, and a nice open area multi-functional room. The site has ample parking with an additional open area that could double the current parking capacity with a very small investment.
Key Highlights
- High‑traffic location on South Caraway Rd. with approximately 18,000 cars per day.
- Substantial 15,600 square foot building with both office and warehouse space.
- Ample parking with potential to double capacity.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.9k | $14.16 |
| − Vacancy | −$26.5k | −$1.70 |
| EGI | $194.4k | $12.46 |
| − OpEx | −$48.6k | −$3.12 |
| NOI | $145.8k | $9.35 |
15,600 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,791 @ 7.0% cap · market cap 8.84%
Second Best
Warehouse
$1.08M
$946.3K – $1.26M
NOI $75,701 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,181 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
EDBS LLC
Construction Company
Medic One Ambulance
Ambulance Service
Veracity Electric
Electrical Service
Tamara Hooks Lee, ...
Accounting Firm
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FAQs
What type of property is this?
Office building - 15,600 SF office/warehouse on 1.62 acres, high-traffic location.
Where is this office building located?
The property is located at 3301 S Caraway Road Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑traffic location on South Caraway Rd. with approximately 18,000 cars per day.; Substantial 15,600 square foot building with both office and warehouse space.; Ample parking with potential to double capacity.
