Fully Sprinkled Industrial
For Sale
Contact for pricing
3506 Airport Road, Jonesboro, AR 72401
Industrial facility with 14,400 SF office and flexible production, storage, and distribution space on a 10-acre site.
Property Size84,614 SF
Lot Size10.00 Acres
Price / SF$54.96
Days on Market70
Property Features for 3506 Airport Road
General Information
Standard status
Active
Size
84,614 SF
Class
B
Lot size
10.00 Acres
Property subtype
Office, Industrial, Mixed Use
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
Haag Brown Commercial Real Estate and Development
(870) 284-4448
Listed By:
Jeff Armstrong · License #AR SA00091379
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 9 at 3:04PM
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 ±84,600 SF industrial facility includes approximately 14,400 SF of office space and a large industrial area suited to manufacturing, assembly, distribution, warehouse, and storage operations. The property is equipped with 3-phase power and is fully sprinkled, supporting a broad range of industrial users. The existing layout and infrastructure allow for a combination of day-to-day office functions with production, storage, or shipping activities under one roof.
The facility is located at 3506 Airport Road in Jonesboro’s main industrial area. The site supports truck circulation and employee parking and is positioned for convenient access to the Jonesboro Municipal Airport, Highway 49, and Interstate 555. Additional connectivity is provided by the nearby Southwest Drive bypass connection, helping streamline movement within the industrial corridor.
With office space integrated into the facility and a substantial operations area designed for warehouse and industrial use, the property fits companies seeking to expand operations or establish a regional presence in Northeast Arkansas. Buyers and tenants can evaluate the onsite configuration for workflow that requires both administrative space and industrial throughput, supported by the building’s sprinklered design and 3-phase electrical service.
The facility is located at 3506 Airport Road in Jonesboro’s main industrial area. The site supports truck circulation and employee parking and is positioned for convenient access to the Jonesboro Municipal Airport, Highway 49, and Interstate 555. Additional connectivity is provided by the nearby Southwest Drive bypass connection, helping streamline movement within the industrial corridor.
With office space integrated into the facility and a substantial operations area designed for warehouse and industrial use, the property fits companies seeking to expand operations or establish a regional presence in Northeast Arkansas. Buyers and tenants can evaluate the onsite configuration for workflow that requires both administrative space and industrial throughput, supported by the building’s sprinklered design and 3-phase electrical service.
Key Highlights
- Industrial facility built in 1994 on approximately 10 acres at 3506 Airport Road in Jonesboro, AR
- Approximately 84,600 SF total building size with about 14,400 SF of office space
- Large industrial area suited for manufacturing, assembly, distribution, warehouse, and storage 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
$410,602
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
8.83%
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%
$8,212,040
$8.2M
Cap Rate 7%
$5,865,743
$5.9M
Cap Rate 9%
$4,562,244
$4.6M
Market Conditions
NOI Build-Up for 84,614 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
$507.7K $6.00/SF
− Vacancy
−$24.6K −$0.29/SF
EGI
$483.1K $5.71/SF
− OpEx
−$72.5K −$0.86/SF
NOI
$410.6K $4.85/SF
Area
Craighead County, AR
Vacancy
4.85%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$8,212,040
Cap Rate 7%
$5,865,743
Cap Rate 9%
$4,562,244
Alternative Uses
Best Use
Flex RnD
$7.34M
$6.42M – $8.56M
NOI $513,828 @ 7.0% cap · market cap 11.05%
Second Best
Warehouse
$5.87M
$5.13M – $6.84M
NOI $410,602 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$14.81M
$12.96M – $17.28M
NOI $1,036,959 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with 14,400 SF office and flexible production, storage, and distribution space on a 10-acre site.
Where is this flex space located?
The property is located at 3506 Airport Road Jonesboro, AR.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Industrial facility built in 1994 on approximately 10 acres at 3506 Airport Road in Jonesboro, AR; Approximately 84,600 SF total building size with about 14,400 SF of office space; Large industrial area suited for manufacturing, assembly, distribution, warehouse, and storage uses
