Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space in Jonesboro Title is generated by Realmo AI

    2701 Parkwood Rd, Jonesboro, AR 72401

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Proposed retail center in Jonesboro's thriving retail sector.

    Type:Retail, Office, Restaurant
    Property size:
    7,020 SF
    Added:
    Apr 26, 2024
    Days on Market:
    770
    Last Refresh:
    May 12 at 9:16 pm

    Property Features for 2701 Parkwood Rd

    General Information

    Standard status
    Active
    Size
    7,020 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 2701 Parkwood Rd Contact us

    Proposed 7,020 SF Township Retail Center $40/Mo

    Size
    7,020 SF
    Type
    Retail, Office, Restaurant
    Flexible Square Footage Accommodations - 1,755 SF up to 7,020 SF
    Contact us

    We can help!

    Listing Contact
    Zac Qualls

    Listing agent Zac Qualls License #EB00073816

    Listing office Haag Brown Commercial Real Estate and Development

    Listing date Apr 26, 2024

    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

    • Prime location at the corner of Parkwood & Fair Park Blvd, off Red Wolf Blvd, in Jonesboro's main retail sector.
    • Located in a booming retail hub with high visibility and traffic.
    • Surrounded by popular establishments like Academy Sports, Cheddar's, and Panera Bread.
    • Brand‑new retail space (built in 2025), a rare find within Jonesboro's current market.
    • Flexible layout with 7,020 SF divided into four 1,755 SF bays, combinable for larger spaces.
    • Negotiable tenant improvement allowances available to customize the space.

    Overview

    A proposed 7,020 square foot strip center is planned for construction in Jonesboro, Arkansas, at the corner of Parkwood Road and Fair Park Boulevard, situated just off Red Wolf Boulevard. The location is in the heart of Jonesboro's main retail sector, an area that has experienced significant growth over the past decade. This retail hub is home to numerous brands and businesses, including Academy Sports, Cheddar's Casual Cafe, and Panera Bread. The proposed retail center will offer approximately 7,020 square feet of space, divided into four individual bays of 1,755 square feet each. The flexible layout allows for customization to accommodate larger space requirements by combining multiple suites. Tenants can expect spaces delivered in cold-dark shell condition, with negotiable tenant improvement allowances to tailor the space to their needs. The location offers high visibility and traffic, making it an attractive prospect for businesses. The surrounding area includes a mix of restaurants, retailers, and service providers, offering a promising opportunity for businesses looking to tap into this market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.664506
    Latitude
    35.815137

    Nearby Similar for Lease

    • $27 SF/Yr
      1,253 SF

      New Office Space in Jonesboro

      Multi-tenant office building under construction in growing Jonesboro development.
      1414 Jaxon, Jonesboro, AR 72404
      View Details
    • $27 SF/Yr
      1,246 SF

      New Office Space in Jonesboro

      Multi-tenant office building under construction in growing Jonesboro development.
      1414 Jaxon, Jonesboro, AR 72404
      View Details
    • $25 SF/Yr
      4,000 SF

      Jonesboro Medical/Professional Office Space

      Prime medical/professional office space for lease in Jonesboro, AR.
      901 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $25 SF/Yr
      3,007 SF

      Jonesboro Medical/Professional Office Space

      Prime medical/professional office space for lease in Jonesboro, AR.
      911 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $25 SF/Yr
      4,520 SF

      Medical Office Space in Jonesboro

      Prime medical/professional office space for lease in Jonesboro's medical corridor.
      801 Osler Drive, Jonesboro, AR 72401-4355
      View Details
    • $4 SF/Yr
      16,560 SF

      Versatile Warehouse and Office Space

      16,560 SF warehouse and office space for lease.
      511 Wilson Street, Jonesboro, AR 72401-3318
      View Details
    • $16 SF/Yr
      6,057 SF

      Retail Space in Active Trade Area

      Prime retail space in a high-traffic Jonesboro location.
      1421 S Caraway Road, Jonesboro, AR 72401-5307
      View Details
    • $16 SF/Yr
      6,222 SF

      Prime Retail Space in Jonesboro

      High-visibility retail space in a busy Jonesboro trade area.
      1421 S Caraway Road, Jonesboro, AR 72401-5307
      View Details
    • $3,000/Mo
      3,500 SF

      Jonesboro Office Space Available

      Office space for rent in Jonesboro, Arkansas.
      910 S Main Street, Jonesboro, AR 72401-3507
      View Details
    • $6,500/Mo
      8,148 SF

      Two-Story Office Complex in Jonesboro

      8,148 SF two-story office complex for lease.
      1217 Stone Street, Jonesboro, AR 72401-4520
      View Details
    • $12 SF/Yr
      3,750 SF

      Jonesboro Flex Space Available

      3,750 SF flex space near I-555 in Jonesboro, AR.
      3211 Ben J Lamberth Drive, Jonesboro, AR 72404
      View Details
    • $3,950/Mo
      7,708 SF

      Retail Space in Jonesboro, AR

      7,708 SF retail space available for rent in Jonesboro.
      316 E Johnson Avenue, Jonesboro, AR 72401-2002
      View Details

    FAQs

    What type of property is this?
    Strip mall - Proposed retail center in Jonesboro's thriving retail sector.
    Where is this strip mall located?
    The property is located at 2701 Parkwood Rd Jonesboro, AR.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Prime location at the corner of Parkwood & Fair Park Blvd, off Red Wolf Blvd, in Jonesboro's main retail sector.; Located in a booming retail hub with high visibility and traffic.; Surrounded by popular establishments like Academy Sports, Cheddar's, and Panera Bread.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zac Qualls
    Real Estate License ID: EB00073816
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2701 Parkwood Rd, Jonesboro, AR 72401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!