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    Red Wolf Blvd Retail Space Title is generated by Realmo AI

    2200 Red Wolf Blvd, Jonesboro, AR 72401

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    Modern retail center with high traffic and national neighbors.

    Type:Retail
    Property size:
    5,450 SF
    Lot size:
    1.50 Acres
    Added:
    Apr 25, 2023
    Days on Market:
    1138
    Last Refresh:
    May 12 at 9:25 pm

    Property Features for 2200 Red Wolf Blvd

    General Information

    Standard status
    Active
    Size
    5,450 SF
    Lot size
    1.50 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 2200 Red Wolf Blvd Contact us

    Ste. B $35/Mo

    Size
    1,906 SF
    Type
    Retail
    +/- 1,906 SF between Baskin Robbins & Bonchon
    Contact us

    We can help!

    Listing Contact
    Zac Qualls
    Zac Qualls

    Listing agent Zac Qualls License #EB00073816

    Listing office Haag Brown Commercial Real Estate and Development

    Listing date Apr 25, 2023

    Source Crexi

    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

    HighLights

    • High‑traffic location on Red Wolf Blvd. in Jonesboro's retail epicenter.
    • Rare lease space opportunity in a rapidly growing retail corridor with minimal vacancy.
    • Anchored by national tenants: Stanton Optical, Baskin Robbins, and Bonchon Korean Fried Chicken.
    • Located near numerous national retailers including Verizon, McDonald's, Starbucks, and PetSmart.
    • Modern, multi‑tenant retail center under redevelopment with a 3,000 SF addition.
    • Multiple access points from Red Wolf Blvd., Sun Ave., & Parkwood Dr. on a 1.5‑acre lot.

    Overview

    The former Premier Auto building, approximately 5,450 square feet, is undergoing redevelopment to become a modern, multi-tenant retail center. Located along Red Wolf Boulevard, a highly trafficked thoroughfare in Jonesboro, the center occupies approximately 1.50 acres and features multiple access points from Red Wolf Boulevard, Sun Avenue, and Parkwood Drive. A 3,000 square foot addition has been constructed and will be occupied by Stanton Optical. The remaining 5,450 square feet has been divided, with a portion leased to Baskin Robbins and Bonchon Korean Fried Chicken. Approximately 1,906 square feet remains available for lease. Situated in the epicenter of Jonesboro's retail trade market, the center is surrounded by national retailers such as Verizon Wireless, McDonald's, Five Guys, Panera Bread, Starbucks, Men's Wearhouse, Aspen Dental, Cheddar's Scratch Kitchen, Pet Smart, and T-Mobile. This location presents a lease space opportunity within a retail corridor experiencing significant growth and minimal vacancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.668746
    Latitude
    35.823375

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    FAQs

    What type of property is this?
    Retail space - Modern retail center with high traffic and national neighbors.
    Where is this retail space located?
    The property is located at 2200 Red Wolf Blvd Jonesboro, AR.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Red Wolf Blvd. in Jonesboro's retail epicenter.; Rare lease space opportunity in a rapidly growing retail corridor with minimal vacancy.; Anchored by national tenants: Stanton Optical, Baskin Robbins, and Bonchon Korean Fried Chicken.
    (870) 336-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zac Qualls
    Zac Qualls
    Real Estate License ID: EB00073816
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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