Office Building with Flexible
For Sale
$1,275,000
5296 Highway 1, Jonesboro, AR 72404
2018 office property with substantial parking and access to Jonesboro from an established commercial area.
Property Size12,150 SF
Price / SF$104.94
Days on Market10
Property Features for 5296 Highway 1
General Information
Standard status
Active
Size
12,150 SF
Building Details
Year Built
2018
Listing Agency:
Halsey Real Estate
(870) 514-5578
Listed By:
Taylor Wilson, Landon Wilson · License #00094849
Source:
Pcsingtolittlerock
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 25 at 5:18AM
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 Halsey Real Estate
Investment Insights
Based on property information with market context.
Built in 2018, this 12,150-square-foot office property provides a well-appointed layout with ample on-site parking. Its configuration is suited to a corporate office, call center, training facility, or another large-scale office operation, with the stated potential to adapt for office/warehouse use.
The property is positioned along Highway 1 South, just outside Jonesboro city limits, within an established commercial and industrial area. Its location provides convenient access to Jonesboro while maintaining a setting oriented toward commercial and industrial activity.
The property is positioned along Highway 1 South, just outside Jonesboro city limits, within an established commercial and industrial area. Its location provides convenient access to Jonesboro while maintaining a setting oriented toward commercial and industrial activity.
Key Highlights
- 12,150‑square‑foot office building constructed in 2018
- Located along Highway 1 South near Jonesboro
- Ample on‑site parking
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
$113,549
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
8.91%
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%
$2,270,980
$2.3M
Cap Rate 7%
$1,622,129
$1.6M
Cap Rate 9%
$1,261,656
$1.3M
Market Conditions
NOI Build-Up for 12,150 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
$172.0K $14.16/SF
− Vacancy
−$20.6K −$1.70/SF
EGI
$151.4K $12.46/SF
− OpEx
−$37.8K −$3.12/SF
NOI
$113.5K $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%
$2,270,980
Cap Rate 7%
$1,622,129
Cap Rate 9%
$1,261,656
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,549 @ 7.0% cap · market cap 8.91%
Second Best
Flex RnD
$1.05M
$922.3K – $1.23M
NOI $73,782 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,900 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
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?
Office building - 2018 office property with substantial parking and access to Jonesboro from an established commercial area.
Where is this office building located?
The property is located at 5296 Highway 1 Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 12,150‑square‑foot office building constructed in 2018; Located along Highway 1 South near Jonesboro; Ample on‑site parking
