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 Market60
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
Listed By:
Taylor Wilson, Landon Wilson
Source:
Pcsingtolittlerock
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 7 at 5:07PM
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
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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 / Yr
$113,549
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
