Retail Storefront
For Sale
$967,000
405 Southwest Drive, Jonesboro, AR 72401
Retail storefront property offered for sale off Southwest Drive in Craighead County.
Property Size5,270 SF
Price / SF$183.49
Days on Market55
Property Features for 405 Southwest Drive
General Information
Standard status
Active
Size
5,270 SF
Zoning
Commercial
Building Details
Building Size
5,270 SF
Year Built
2005
Listing Agency:
Lindsey & Associates, Inc
Listed By:
Jeff Pederson · License #SA00067378
(479) 856-2233
Source:
Evrealestate
Added: Jul 13
Changed: Aug 8
Last Checked: Sep 4 at 5:02AM
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 Lindsey & Associates, Inc
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.
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 = 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
$44,893
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
4.64%
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%
$897,860
$897.9K
Cap Rate 7%
$641,329
$641.3K
Cap Rate 9%
$498,811
$498.8K
Market Conditions
NOI Build-Up for 5,270 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
$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 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%
$897,860
Cap Rate 7%
$641,329
Cap Rate 9%
$498,811
Alternative Uses
Best Use
Retail
$641.3K
$561.2K – $748.2K
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
NOI $64,585 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
