Mixed-Use Building Near Hospital and
For Sale
Contact for pricing
4212 East Johnson Avenue, Jonesboro, AR 72401
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 Market15
Property Features for 4212 East Johnson Avenue
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
75
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Buildings
1
Building Size
15,000 SF
Listing Agency:
Haag Brown Commercial Real Estate and Development
(870) 336-8000
Listed By:
Nathan Eller · License #EB 00077644
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 12 at 4:41AM
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
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 = 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
$140,184
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
5.39%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
