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$200.62
Days on Market223
Property Features for 624 S Main St
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Additional Details
Road Access
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Zac Qualls · License #EB00073816
(870) 284-4448
Source:
Crexi
Added: Apr 1
Changed: Nov 3
Last Checked: Nov 8 at 6:37AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$90,839
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,780
$1.8M
Cap Rate 7%
$1,297,700
$1.3M
Cap Rate 9%
$1,009,322
$1.0M
Market Conditions
NOI Build-Up for 9,720 SF
Gross rent
$137.6K $14.16/SF
− Vacancy
−$16.5K −$1.70/SF
EGI
$121.1K $12.46/SF
− OpEx
−$30.3K −$3.12/SF
NOI
$90.8K $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%
$1,816,780
Cap Rate 7%
$1,297,700
Cap Rate 9%
$1,009,322
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.51M
NOI $90,839 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,120 @ 7.0% cap · market cap 6.11%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,994
Businesses Nearby
Explore this area
Business Placement
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
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Jonesboro, AR
Properties on Market for Office buildings in Jonesboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 $1,950,000.
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
