Retail Storefront
405 Southwest Drive Jonesboro, AR 72401
405 Southwest Drive, Jonesboro, AR, 72401
$967,000
For Sale
$967,000
Retail storefront property offered for sale off Southwest Drive in Craighead County.
Property Size5,270 SF
Price / SF$183.49
Days on Market9
Property Features for 405 Southwest Drive
General Information
- Standard status
- Active
- Size
- 5,270 SF
Building Details
- Year Built
- 2005
Listing Agency
Lindsey & Associates, Inc
(479) 856-2233
Listed by
Jeff Pederson · License #SA00067378
(479) 856-2233
Source
Evrealestate
Added: Jul 13 Updated: Jul 19 at 1:59 am Checked: Jul 20 at 3:16 am
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $12.96 |
| − Vacancy | −$4.2k | −$0.79 |
| EGI | $64.1k | $12.17 |
| − OpEx | −$19.2k | −$3.65 |
| NOI | $44.9k | $8.52 |
5,270 SF · lease $12.96/SF/yr · vacancy 6.10% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
Similar For Sale Nearby
Similar Off Market Nearby
- Cooksey's Flower Shop — 1006 Flowerland Dr, Jonesboro, AR 72401
FAQs
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
