Occupied Storefront
For Sale
Contact for pricing
3800 S Caraway Road #27, Jonesboro, AR 72404
Currently leased storefront with water, sewer, and electric expenses paid by the owner.
Property Size400 SF
Price / SF$1.38
Days on Market64
Property Features for 3800 S Caraway Road #27
General Information
Standard status
Active
Size
400 SF
Listing Agency:
Coldwell Banker Village Communities
Listed By:
David Conrad · License #00025578
(870) 934-0900
Source:
Pcsingtolittlerock
Added: Aug 14
Changed: Sep 15
Last Checked: Oct 7 at 4:18PM
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 Coldwell Banker Village Communities
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Investment Insights
Based on property information with market context.
This storefront property measures 400 in reported property size and is currently occupied by an existing tenant. The owner pays the water, sewer, and electric expenses.
The property is located at 3800 S Caraway Road #27 in Jonesboro, Arkansas, 72404.
The property is located at 3800 S Caraway Road #27 in Jonesboro, Arkansas, 72404.
Key Highlights
- Currently occupied by an existing tenant
- Owner pays water, sewer, and electric
- Reported property size of 400
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,407
Suggested Prices Based on Cap Rates
Cap Rate 5%
$68,140
$68.1K
Cap Rate 7%
$48,671
$48.7K
Cap Rate 9%
$37,856
$37.9K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$5.2K $12.96/SF
− Vacancy
−$316 −$0.79/SF
EGI
$4.9K $12.17/SF
− OpEx
−$1.5K −$3.65/SF
NOI
$3.4K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$68,140
Cap Rate 7%
$48,671
Cap Rate 9%
$37,856
Alternative Uses
Best Use
Retail
$48.7K
$42.6K – $56.8K
NOI $3,407 @ 7.0% cap · market cap 619.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$70.0K
$61.3K – $81.7K
NOI $4,902 @ 7.0% cap · market cap 891.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
164k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 33%
Home Improvements & Furnishings 18%
Hotels & Casinos 2%
Cracker Barrel Old Country Store
Dining
32,501 visits/mo
0.5 miles
Casey's General Store
Shops & Services
20,506 visits/mo
0.5 miles
Kum & Go
Shops & Services
19,267 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
16,653 visits/mo
0.3 miles
Colton's Steak House & Grill
Dining
13,068 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Currently leased storefront with water, sewer, and electric expenses paid by the owner.
Where is this storefront property located?
The property is located at 3800 S Caraway Road #27 Jonesboro, AR.
What are key features of this property?
This property features: Currently occupied by an existing tenant; Owner pays water, sewer, and electric; Reported property size of 400
