Three-Story Office
915 S MAIN ST, Jonesboro, AR 72401
For Sale
New
Contact for pricing
A medical-ready commercial property combines finished office areas with an upper-level shell for future buildout.
Property Size41,226 SF
Price / SF$138.26
Days on Market5
Property Features for 915 S MAIN ST
General Information
Standard status
Size
Property subtype
Additional Details
Sprinkler System
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Coldwell Banker Commercial Village Communities
Listed By:
Chase Copeland · License #AB00095147
(870) 819-6395
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:44PM
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 Commercial Village Communities
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Investment Insights
Based on property information with market context.
Completed in 2020, this 41,226-square-foot office building spans three floors. The entry opens into a two-story reception area. The first level has offices, conference rooms, and service areas; the second combines perimeter offices with an open layout, a kitchen, and meeting space. The third floor is a heated and cooled shell that can be finished to suit a user’s requirements. A building-wide fire suppression system is installed.
The property is on South Main Street in downtown Jonesboro, near St. Bernards Medical Center and the Medical Mile. Its configuration includes both completed office space and an unfinished upper floor.
The property is on South Main Street in downtown Jonesboro, near St. Bernards Medical Center and the Medical Mile. Its configuration includes both completed office space and an unfinished upper floor.
Key Highlights
- 41,226 SF across three stories; constructed in 2020
- Third‑floor heated and cooled shell space available for buildout
- Two‑story reception area at the building entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$385,282
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,705,640
$7.7M
Cap Rate 7%
$5,504,029
$5.5M
Cap Rate 9%
$4,280,911
$4.3M
Market Conditions
NOI Build-Up for 41,226 SF
Gross rent
$583.8K $14.16/SF
− Vacancy
−$70.1K −$1.70/SF
EGI
$513.7K $12.46/SF
− OpEx
−$128.4K −$3.12/SF
NOI
$385.3K $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%
$7,705,640
Cap Rate 7%
$5,504,029
Cap Rate 9%
$4,280,911
Alternative Uses
Best Use
Office B
$5.50M
$4.82M – $6.42M
NOI $385,282 @ 7.0% cap · market cap 6.76%
Second Best
Healthcare Medical
$4.98M
$4.36M – $5.81M
NOI $348,401 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$7.22M
$6.32M – $8.42M
NOI $505,232 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
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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
$185,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A medical-ready commercial property combines finished office areas with an upper-level shell for future buildout.
Where is this office building located?
The property is located at 915 S MAIN ST Jonesboro, AR.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 41,226 SF across three stories; constructed in 2020; Third‑floor heated and cooled shell space available for buildout; Two‑story reception area at the building entrance
