Flex Industrial Building with Display
6311 Highway 1 S, Jonesboro, AR 72404
For Sale
$1,170,000
Flex industrial building with fenced rear yard and front concrete display area, currently leased to an automotive dealership.
Property Size12,050 SF
Lot Size1.96 Acres
Price / SF$97.10
Days on Market164
Property Features for 6311 Highway 1 S
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Road Access
Listing Agency:
Arnold Group Real Estate
9322600
Listed By:
Kent E. Arnold · License #00010620
(870) 932-4681
Source:
Exprealty
Added: May 27
Changed: Nov 1
Last Checked: Nov 6 at 12:39PM
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 Arnold Group Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex industrial property includes 12,050 square feet of building area on 1.96 acres. The front features large concrete display areas, with fencing surrounding the rear portion of the property. The overall setup supports both building operations and customer-facing or equipment display needs.
The site is positioned for exposure on Hwy 1 South. This visibility can be useful for users that rely on walk-by or drive-by attention, and the fenced rear helps separate operations from the public-facing display area.
The current lease to an automotive dealership may appeal to buyers seeking a flex industrial asset with an operating tenant in place. For other buyers or tenants, the combination of flex building space, front display concrete, and a fenced rear yard provides a practical layout for automotive-related or general industrial uses that benefit from on-site display and controlled storage areas.
The site is positioned for exposure on Hwy 1 South. This visibility can be useful for users that rely on walk-by or drive-by attention, and the fenced rear helps separate operations from the public-facing display area.
The current lease to an automotive dealership may appeal to buyers seeking a flex industrial asset with an operating tenant in place. For other buyers or tenants, the combination of flex building space, front display concrete, and a fenced rear yard provides a practical layout for automotive-related or general industrial uses that benefit from on-site display and controlled storage areas.
Key Highlights
- Flex industrial building totaling 12,050 SF on 1.96 acres
- Front concrete display area with large concrete display in the front
- Fenced property with fencing around the entire rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,649
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,052,980
$2.1M
Cap Rate 7%
$1,466,414
$1.5M
Cap Rate 9%
$1,140,544
$1.1M
Market Conditions
NOI Build-Up for 12,050 SF
Gross rent
$156.2K $12.96/SF
− Vacancy
−$9.5K −$0.79/SF
EGI
$146.6K $12.17/SF
− OpEx
−$44.0K −$3.65/SF
NOI
$102.6K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,052,980
Cap Rate 7%
$1,466,414
Cap Rate 9%
$1,140,544
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,649 @ 7.0% cap · market cap 8.77%
Second Best
Flex RnD
$1.05M
$914.7K – $1.22M
NOI $73,175 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,675 @ 7.0% cap · market cap 12.62%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
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
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Jonesboro, AR
Properties on Market for Flex space in Jonesboro
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with fenced rear yard and front concrete display area, currently leased to an automotive dealership.
Where is this flex space located?
The property is located at 6311 Highway 1 S Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Flex industrial building totaling 12,050 SF on 1.96 acres; Front concrete display area with large concrete display in the front; Fenced property with fencing around the entire rear yard
