Southwest Drive Retail
For Sale
Contact for pricing
456 Southwest Dr, Jonesboro, AR 72401
Adaptable retail building with on-site parking and access along a primary commercial corridor.
Property Size5,265 SF
Price / SF$130
Days on Market214
Property Features for 456 Southwest Dr
General Information
Standard status
Active
Size
5,265 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Nathan Eller · License #EB 00077644
(870) 336-8000
Source:
Crexi
Added: Feb 3
Changed: Sep 1
Last Checked: Sep 1 at 3:58AM
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.
This 5,265-square-foot storefront property, built in 1997, offers an adaptable interior layout that can be modified for changing retail requirements. On-site parking, functional traffic circulation, and an established commercial setting support day-to-day customer access.
The property is located at 456 Southwest Dr in Jonesboro, Arkansas, along the Southwest Drive corridor. The site benefits from visibility on a primary commercial route with reported traffic exceeding 20,000 vehicles per day and includes frontage and direct access from the corridor.
The property is located at 456 Southwest Dr in Jonesboro, Arkansas, along the Southwest Drive corridor. The site benefits from visibility on a primary commercial route with reported traffic exceeding 20,000 vehicles per day and includes frontage and direct access from the corridor.
Key Highlights
- 5,265‑square‑foot retail storefront
- Built in 1997
- Located along Jonesboro’s Southwest Drive commercial corridor
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
$44,850
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
6.55%
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%
$897,000
$897.0K
Cap Rate 7%
$640,714
$640.7K
Cap Rate 9%
$498,333
$498.3K
Market Conditions
NOI Build-Up for 5,265 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
$68.2K $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%
$897,000
Cap Rate 7%
$640,714
Cap Rate 9%
$498,333
Alternative Uses
Best Use
Retail
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.8K
$806.5K – $1.08M
NOI $64,523 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 26%
Electronics 1%
McDonald's
Dining
33,997 visits/mo
0.4 miles
Kum & Go
Shops & Services
22,012 visits/mo
0.3 miles
Starbucks
Dining
12,891 visits/mo
0.4 miles
Andy's Frozen Custard
Dining
12,583 visits/mo
0.5 miles
Pizza Inn
Dining
5,467 visits/mo
0.2 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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Similar Off Market Nearby
- Cooksey's Flower Shop — 1006 Flowerland Dr, Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Storefront property - Adaptable retail building with on-site parking and access along a primary commercial corridor.
Where is this storefront property located?
The property is located at 456 Southwest Dr Jonesboro, AR.
What is the asking price?
The asking price for this property is $684,450.
What are key features of this property?
This property features: 5,265‑square‑foot retail storefront; Built in 1997; Located along Jonesboro’s Southwest Drive commercial corridor
