Mixed-Use Building Near Hospital and
4212 East Johnson Avenue, Jonesboro, AR 72401
For Sale
Contact for pricing
Commercial space sits between a hospital campus and university, with nearby dining, retail, medical, and residential development.
Property Size15,000 SF
Price / SF$173.33
Days on Market104
Property Features for 4212 East Johnson Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Type
Building Details
Buildings
Building Size
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Nathan Eller · License AR EB00077644
(870) 336-8000
Source:
Crexi
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 8 at 5:59AM
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
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Investment Insights
Based on property information with market context.
Located at 4212 East Johnson Avenue in Jonesboro, Arkansas, this 15,000-square-foot mixed-use building offers a substantial commercial footprint for retail, medical, and office occupancy. The property is positioned between the NEA Baptist Hospital Campus and Arkansas State University, placing it within a corridor serving major institutional destinations.
The site records approximately 31,000 passing vehicles daily. Surrounding development includes restaurants, retail businesses, medical facilities, and residential subdivisions, creating a broad mix of nearby commercial and institutional activity. The building’s configuration supports consideration by users seeking space connected to the Hilltop area’s established and expanding development pattern.
The site records approximately 31,000 passing vehicles daily. Surrounding development includes restaurants, retail businesses, medical facilities, and residential subdivisions, creating a broad mix of nearby commercial and institutional activity. The building’s configuration supports consideration by users seeking space connected to the Hilltop area’s established and expanding development pattern.
Key Highlights
- 15,000‑square‑foot mixed‑use building
- Approximately 31,000 passing vehicles daily
- Positioned between the NEA Baptist Hospital Campus and Arkansas State University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,184
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,680
$2.8M
Cap Rate 7%
$2,002,629
$2.0M
Cap Rate 9%
$1,557,600
$1.6M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$212.4K $14.16/SF
− Vacancy
−$25.5K −$1.70/SF
EGI
$186.9K $12.46/SF
− OpEx
−$46.7K −$3.12/SF
NOI
$140.2K $9.35/SF
Area
Craighead County, AR
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,680
Cap Rate 7%
$2,002,629
Cap Rate 9%
$1,557,600
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.34M
NOI $140,184 @ 7.0% cap · market cap 5.39%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,779 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,828 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space sits between a hospital campus and university, with nearby dining, retail, medical, and residential development.
Where is this mixed-use property located?
The property is located at 4212 East Johnson Avenue Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 15,000‑square‑foot mixed‑use building; Approximately 31,000 passing vehicles daily; Positioned between the NEA Baptist Hospital Campus and Arkansas State University
