Building Details

Building Size 5,270 SF

Year Built 2005

Listing Agency: Lindsey & Associates Inc

Listed By: Jeff Pederson · License #SA00067378 Show Phone

Source: Evrealestate

Added: Jul 13 Changed: Oct 7 Last Checked: Oct 20 at 8:11PM

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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 Lindsey & Associates Inc

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Investment Insights

Based on property information with market context.

This for-sale retail storefront property is located at 405 Southwest Drive in Craighead County. The offering includes a commercial building with a total property size of 5,270 square feet.

Directions are provided via I-555: take exit 45 onto Southwest Dr., head east for approximately 0.5 miles, and the property is on the right.

For more details on the space layout and specific tenant or suite configuration, please contact the listing broker.

Key Highlights

• Retail storefront property for sale off Southwest Drive in Craighead County
• Year built: 2005

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,893

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$897,860 $897.9K

Cap Rate 7%

$641,329 $641.3K

Cap Rate 9%

$498,811 $498.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,270 SF

Gross rent

$68.3K $12.96/SF

− Vacancy

−$4.2K −$0.79/SF

EGI

$64.1K $12.17/SF

− OpEx

−$19.2K −$3.65/SF

NOI

$44.9K $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%

$897,860

Cap Rate 7%

$641,329

Cap Rate 9%

$498,811

Alternative Uses

Best Use

Retail

$641.3K

$561.2K – $748.2K (±1% cap)

NOI $44,893 @ 7.0% cap · market cap 4.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$922.6K

$807.3K – $1.08M (±1% cap)

NOI $64,585 @ 7.0% cap · market cap 6.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

AngelwhiteGoldendoodles Pet Store B A Burrito Restaurant Liberty Tax Tax Preparation Tobacco SuperStore #32 (Bike/Boat/Book/etc) Store I T Associates ... Tech Support Center

Suggested Use

Top Pick Auto Repair Shop Law Firm Auto Parts Store Kitchen & Bath Showroom Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

560

Businesses Nearby

116k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 67% Shops & Services 27% Home Improvements & Furnishings 6% Electronics 1%

McDonald's Dining

33,997 visits/mo 0.3 miles

Kum & Go Shops & Services

22,012 visits/mo 0.4 miles

Starbucks Dining

12,891 visits/mo 0.2 miles

Andy's Frozen Custard Dining

12,583 visits/mo 0.4 miles

Ditta Ace Hardware Home Improvements & Furnishings

6,449 visits/mo 0.5 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail storefront property offered for sale off Southwest Drive in Craighead County.

Where is this storefront property located?

The property is located at 405 Southwest Drive Jonesboro, AR.

What is the asking price?

The asking price for this property is $967,000.

What are key features of this property?

This property features: Retail storefront property for sale off Southwest Drive in Craighead County; Year built: 2005