Office Building with Warehouse
For Sale
Contact for pricing
3301 S Caraway Road, Jonesboro, AR 72401
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 Market150
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
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Zac Qualls · License #EB00073816
(870) 284-4448
Source:
Crexi
Added: May 23
Changed: Oct 6
Last Checked: Oct 19 at 7:02AM
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
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,791
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,915,820
$2.9M
Cap Rate 7%
$2,082,729
$2.1M
Cap Rate 9%
$1,619,900
$1.6M
Market Conditions
NOI Build-Up for 15,600 SF
Gross rent
$220.9K $14.16/SF
− Vacancy
−$26.5K −$1.70/SF
EGI
$194.4K $12.46/SF
− OpEx
−$48.6K −$3.12/SF
NOI
$145.8K $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%
$2,915,820
Cap Rate 7%
$2,082,729
Cap Rate 9%
$1,619,900
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
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?
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.
