Properties For Sale

at 5205 E Johnson Ave

5205 E Johnson Ave AVAILABLE, Now

Floor Bldg

Size 1,584 SF

Type RETAIL

Lease Type NNN

Sublease No

- Former Arvest Bank Branch - Excellent Curb Appeal & Visibility to Highway 49 North - Exposure to Over 23,000 Cars Per Day - Within Minutes to NEA Baptist Hospital Campus - Bank Deed Restriction Has Expired - GREAT Opportunity for a Bank Location @ Hilltop

Contact us

Listing Agency: Haag Brown Commercial Show Phone

Listed By: Zac Qualls

Source: Moodyscre

Added: Jul 17 Changed: Oct 11 Last Checked: Oct 20 at 8:37PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The property is a former Arvest Bank branch. It offers curb appeal and is positioned for prominent visibility from Highway 49 North.

Public remarks indicate exposure to over 23,000 cars per day and convenience to the NEA Baptist Hospital campus, with quick access described as within minutes.

The bank deed restriction has expired, providing flexibility for a bank location at Hilltop as noted in the remarks.

Key Highlights

• Former Arvest Bank branch building
• Visibility to Highway 49 North with exposure to over 23,000 cars per day
• Located within minutes of the NEA Baptist Hospital campus

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,733

Cap Rate

2.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,660 $334.7K

Cap Rate 7%

$239,043 $239.0K

Cap Rate 9%

$185,922 $185.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,584 SF

Gross rent

$23.8K $15.00/SF

− Vacancy

−$1.4K −$0.92/SF

EGI

$22.3K $14.09/SF

− OpEx

−$5.6K −$3.52/SF

NOI

$16.7K $10.56/SF

Area

Craighead County, AR

Vacancy

6.10%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,660

Cap Rate 7%

$239,043

Cap Rate 9%

$185,922

Alternative Uses

Best Use

Specialty Retail

$239.0K

$209.2K – $278.9K (±1% cap)

NOI $16,733 @ 7.0% cap · market cap 2.86%

Second Best

Retail

$192.8K

$168.7K – $224.9K (±1% cap)

NOI $13,493 @ 7.0% cap · market cap 2.31%

Theoretical Best

Office A

$277.3K

$242.7K – $323.5K (±1% cap)

NOI $19,412 @ 7.0% cap · market cap 3.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Arvest Bank Bank

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Building Supply Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

330

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 56% Home Improvements & Furnishings 32% Hotels & Casinos 13%

Dollar General Shops & Services

9,977 visits/mo 0.5 miles

Gazaway Ace-Hilltop Home Improvements & Furnishings

5,622 visits/mo 0.3 miles

Courtyard Jonesboro Hotels & Casinos

2,242 visits/mo 0.4 miles

Demographics for 72405, AR

17,109

Population

7,049

Households

2.4

Avg Household Size

33

Median Age

39%

College-Educated

91%

High-School Grad

35.9 sq mi

ZIP Area

477

Density / Sq Mi

$84,722

Median Household Income

$42,329

Median Earnings

$1,009

Median Rent

$240,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Former Arvest Bank branch with strong highway visibility near the NEA Baptist Hospital campus.

Where is this bank located?

The property is located at 5205 E Johnson Ave Jonesboro, AR.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: Former Arvest Bank branch building; Visibility to Highway 49 North with exposure to over 23,000 cars per day; Located within minutes of the NEA Baptist Hospital campus