Corner Industrial Land with
For Sale
$350,000
428 N Culberhouse Street, Jonesboro, AR 72401
COMMERCIAL - Jonesboro, AR
Property Size1,440 SF
Lot Size2.76 Acres
Price / SF$243.06
Days on Market106
Property Features for 428 N Culberhouse Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial-Intermediate
Parking
20
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Tate
Lot features
Level
Directions
From E. Johnson Take N. Culberhouse North about 1/4 of a mile. Property is on the corner of N. Culberhouse and W. Allen Ave and Lies East and South of that corner.
Standard status
Active
Size
1,440 SF
Lot size
2.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Tates First Replat Ind Add
Tax Annual Amount
3671
Legal Description
Tates First Replat Ind Add
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Roof type
Composition
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Martin Young · License #00071488
(870) 930-9017
Added: May 7
Changed: Aug 7
Last Checked: Aug 20 at 7:06AM
MLS# 26019506
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.76-acre industrial property comprises four parcels and includes a 1,440-square-foot building completed in 1980. The corner tract has partial fencing, concrete flooring, a composition roof, and substantial paved areas. An existing concrete slab provides additional improved site area, while the small building can serve as an office component within the current improvements.
The property is located at 428 N. Culberhouse Street in Jonesboro, with additional parcels at 408 N. Culberhouse and on W. Allen Avenue. The tract sits along N. Culberhouse between Gorton and W. Allen Avenue. I-2 Industrial 2 zoning supports the property's industrial land classification and provides a defined framework for evaluating future commercial or industrial development.
The property is located at 428 N. Culberhouse Street in Jonesboro, with additional parcels at 408 N. Culberhouse and on W. Allen Avenue. The tract sits along N. Culberhouse between Gorton and W. Allen Avenue. I-2 Industrial 2 zoning supports the property's industrial land classification and provides a defined framework for evaluating future commercial or industrial development.
Key Highlights
- 2.76‑acre industrial tract
- I‑2 Industrial 2 zoning
- Four parcels included: 408 and 428 N. Culberhouse plus two W. Allen Avenue parcels
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
$13,458
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
3.85%
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%
$269,160
$269.2K
Cap Rate 7%
$192,257
$192.3K
Cap Rate 9%
$149,533
$149.5K
Market Conditions
NOI Build-Up for 1,440 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
$20.4K $14.16/SF
− Vacancy
−$2.4K −$1.70/SF
EGI
$17.9K $12.46/SF
− OpEx
−$4.5K −$3.12/SF
NOI
$13.5K $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%
$269,160
Cap Rate 7%
$192,257
Cap Rate 9%
$149,533
Alternative Uses
Best Use
Office B
$192.3K
$168.2K – $224.3K
NOI $13,458 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.1K
$220.6K – $294.1K
NOI $17,647 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Corner industrial tract with a small office building, paved areas, and partial fencing.
Where is this industrial land located?
The property is located at 428 N Culberhouse Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2.76‑acre industrial tract; I‑2 Industrial 2 zoning; Four parcels included: 408 and 428 N. Culberhouse plus two W. Allen Avenue parcels
