Modern Office/Retail Development For
For Sale
Contact for pricing
3637 E Johnson Ave, Jonesboro, AR 72401
Modern office/retail buildings in high-demand area near NEA Baptist.
Property Size6,600 SF
Price / SF$242.42
Days on Market736
Property Features for 3637 E Johnson Ave
General Information
Standard status
Active
Size
6,600 SF
Class
A
Property subtype
Office, Retail
Zoning
C-3 LUO
Occupancy
50%
Lease Type
NNN
Building Details
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Haag Brown Commercial Real Estate and Development
Listed By:
Zac Qualls · License #EB00073816
(870) 284-4448
Source:
Crexi
Added: Oct 15, 2024
Changed: Oct 12
Last Checked: Oct 19 at 5:50AM
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 development along Highway 49 North features 3 modern office/retail buildings. The property is situated between the signalized intersections of Highway 49 & Old Greensboro Road and Highway 49 & Airport Road. Construction was completed in August 2013. The 6,600 square foot building has 3,600 square feet available for lease. The area is experiencing growth since the opening of the new NEA Baptist Healthcare System Campus.
Key Highlights
- Located in a high‑growth area due to the new NEA Baptist Healthcare System Campus.
- Rare leasing opportunity due to high demand and limited availability.
- New development completed in August 2013.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,681
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,620
$1.2M
Cap Rate 7%
$881,157
$881.2K
Cap Rate 9%
$685,344
$685.3K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$93.5K $14.16/SF
− Vacancy
−$11.2K −$1.70/SF
EGI
$82.2K $12.46/SF
− OpEx
−$20.6K −$3.12/SF
NOI
$61.7K $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%
$1,233,620
Cap Rate 7%
$881,157
Cap Rate 9%
$685,344
Alternative Uses
Best Use
Office B
$881.2K
$771.0K – $1.03M
NOI $61,681 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$803.2K
$702.8K – $937.1K
NOI $56,223 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,884 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
236
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Modern office/retail buildings in high-demand area near NEA Baptist.
Where is this office building located?
The property is located at 3637 E Johnson Ave Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Located in a high‑growth area due to the new NEA Baptist Healthcare System Campus.; Rare leasing opportunity due to high demand and limited availability.; New development completed in August 2013.
