Two-Story Multi-Tenant Office
624 S Main St Jonesboro, AR 72401
For Sale
Contact for pricing
Two-story downtown office building configured for multiple tenants, with all but one suite currently leased.
Property Size9,720 SF
Price / SF$231.48
Days on Market11
Property Features for 624 S Main St
General Information
- Standard status
- Active
- Size
- 9,720 SF
- Property subtype
- OFFICE
Listing Agency:
Haag Brown Commercial
(870) 336-8000
Listed By:
Zac Qualls
Source:
Moodyscre
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 26 at 12:45PM
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
Investment Insights
Based on property information with market context.
This two-story office building is currently configured with multiple office suites, with all but one (1) of the spaces fully leased. The interior features a prominent waiting area and a grand staircase, supporting a clean, professional tenant and visitor experience.
Located along Main St. in Downtown Jonesboro, the property is directly across the street from the Federal Building & Craighead County Courthouse and is within walking distance of downtown amenities.
Offered for sale as a user/owner scenario, the building provides an income-producing setup alongside owner-occupant flexibility.
Located along Main St. in Downtown Jonesboro, the property is directly across the street from the Federal Building & Craighead County Courthouse and is within walking distance of downtown amenities.
Offered for sale as a user/owner scenario, the building provides an income-producing setup alongside owner-occupant flexibility.
Key Highlights
- Two‑story office building on Main St. in Downtown Jonesboro configured for multiple tenants
- All but one suite is currently leased, with space set up for multi‑tenant office use
- Grand interior waiting area with a staircase
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.6k | $14.16 |
| − Vacancy | −$16.5k | −$1.70 |
| EGI | $121.1k | $12.46 |
| − OpEx | −$30.3k | −$3.12 |
| NOI | $90.8k | $9.35 |
9,720 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.51M
NOI $90,839 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,120 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Farmers Insurance - Ginger ...
Insurance Agency
Dustin H. Jones ...
Law Firm
Haynes Law Firm
Law Firm
Jim Burton Law ...
Law Firm
Christopher Paul: Attorney ...
Law Firm
FAQs
What type of property is this?
Office building - Two-story downtown office building configured for multiple tenants, with all but one suite currently leased.
Where is this office building located?
The property is located at 624 S Main St Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two‑story office building on Main St. in Downtown Jonesboro configured for multiple tenants; All but one suite is currently leased, with space set up for multi‑tenant office use; Grand interior waiting area with a staircase
