1720 Old Greensboro Road, Jonesboro, AR 72405
Self storage facilities
- Added:
- Feb 18, 2022
- Days on Market:
- 1599
- Last Refresh:
- May 19 at 9:02 pm
Property Features for 1720 Old Greensboro Road
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Industrial, Land
Listing office CENTURY 21 PORTFOLIO
Listing date Feb 18, 2022
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 CENTURY 21 PORTFOLIO
HighLights
- Substantial income from existing tower rental.
- Existing mini storage business with 81 units and 17 RV storage spaces.
- Opportunity to expand with proposed commercial building and additional RV storage.
- Located in a fast‑growing area of Jonesboro.
- Designed proposed commercial building plans available.
- Potential for future commercial development.
Local Financial Insights For Self Storage
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 | $120.0k | $12.00 |
| − Vacancy | −$8.4k | −$0.84 |
| EGI | $111.6k | $11.16 |
| − OpEx | −$33.5k | −$3.35 |
| NOI | $78.1k | $7.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.685237
- Latitude
- 35.853777
