Retail Suite with Shell
723 E Parker Rd Suite B, Jonesboro, AR 72404
For Sale
Contact for pricing
Vacant space in a power center provides a shell-condition interior for a new tenant.
Property Size1,440 SF
Price / SF$0.01
Days on Market1378
Property Features for 723 E Parker Rd Suite B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Anchor Co-Tenants
Highway Access
Building Details
Building Size
Stories
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Sydney Ford · License #00078003
(573) 380-5241
Source:
Esqbrokers
Added: Feb 1, 2023
Changed: Nov 8
Last Checked: Nov 8 at 4:37AM
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 Coldwell Banker Village Communities
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.
The 1,440-square-foot retail suite is vacant and in shell condition. It is part of a power center anchored by Arby’s and Sport Clips, with space available for a new tenant to configure.
The center is at 723 E Parker Rd, Suite B, in Jonesboro, near Interstate 555 and Parker Road. Its retail setting includes two established national and regional service and restaurant brands.
The center is at 723 E Parker Rd, Suite B, in Jonesboro, near Interstate 555 and Parker Road. Its retail setting includes two established national and regional service and restaurant brands.
Key Highlights
- 1,440‑square‑foot vacant retail suite
- Shell‑condition space in a power center
- Power center anchors include Arby’s and Sport Clips
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,267
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,340
$245.3K
Cap Rate 7%
$175,243
$175.2K
Cap Rate 9%
$136,300
$136.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$18.7K $12.96/SF
− Vacancy
−$1.1K −$0.79/SF
EGI
$17.5K $12.17/SF
− OpEx
−$5.3K −$3.65/SF
NOI
$12.3K $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%
$245,340
Cap Rate 7%
$175,243
Cap Rate 9%
$136,300
Alternative Uses
Best Use
Retail
$175.2K
$153.3K – $204.5K
NOI $12,267 @ 7.0% cap · market cap 68,150.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.1K
$220.6K – $294.1K
NOI $17,647 @ 7.0% cap · market cap 98,038.89%
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
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Home Improvements & Furnishings 26%
Groceries 24%
Shops & Services 12%
The Home Depot
Home Improvements & Furnishings
37,614 visits/mo
0.2 miles
Walmart Neighborhood Market
Groceries
34,716 visits/mo
0.2 miles
SONIC Drive In
Dining
16,331 visits/mo
0.1 miles
Burger King
Dining
13,519 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
10,739 visits/mo
0.1 miles
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 Retail space in Jonesboro, AR
Properties on Market for Retail space in Jonesboro
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Vacant space in a power center provides a shell-condition interior for a new tenant.
Where is this retail space located?
The property is located at 723 E Parker Rd Suite B Jonesboro, AR.
What are key features of this property?
This property features: 1,440‑square‑foot vacant retail suite; Shell‑condition space in a power center; Power center anchors include Arby’s and Sport Clips
