Modern Office/Retail Development For
3637 E Johnson Ave Jonesboro, AR 72401
3637 E Johnson Ave, Jonesboro, AR, 72401
Contact for pricing
For Sale
Contact for pricing
Modern office/retail buildings in high-demand area near NEA Baptist.
Property Size6,600 SF
Price / SF$242.42
Days on Market645
Property Features for 3637 E Johnson Ave
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Office, Retail
Listing agency
Haag Brown Commercial Real Estate and Development
(870) 336-8000
Listed by
Zac Qualls · License #EB00073816
Source
Crexi
Added: Oct 15, 2024 Updated: Jul 6 at 8:20AM Checked: Jul 21 at 5:25AM
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
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.
Local 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 | $93.5k | $14.16 |
| − Vacancy | −$11.2k | −$1.70 |
| EGI | $82.2k | $12.46 |
| − OpEx | −$20.6k | −$3.12 |
| NOI | $61.7k | $9.35 |
6,600 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
St. Bernards First ...
Medical Clinic
First Care - Hilltop
Medical Clinic
Dr. William Little
Dental Office
Ideal Option
Medical Clinic
Similar For Sale Nearby
FAQs
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.
