Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3800 Caraway Suite 29 & 31 Jonesboro, AR 72404
    Back to Search
    Property profile & analytics

    3800 Caraway Suite 29 & 31, Jonesboro, AR 72404

    View on Map
    • Retail properties & Spaces
    • 800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3800 Caraway Suite 29 & 31

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional retail opportunity in Jonesboro, Arkansas, presents two combined suites totaling 800 square feet, ideally situated at 3800 S Caraway Suite 29 & 31. Located in Craighead County, this property offers a prime commercial space perfect for a variety of businesses. The suites are part of a larger commercial complex, easily accessible from Parker Road and South Caraway Road, just before Glenn Place. The property is classified as both retail and land, offering flexibility for potential tenants. The space is available for lease as a single unit with multiple tenancy. Utilities are a significant advantage, with water, sewer, and electric included in the lease. A minimum one-year lease term is required, along with a $1000 security deposit. The property's convenient location and included utilities make this an attractive option for businesses seeking a cost-effective and accessible space in a thriving commercial area. The zip code is 72404. This listing presents a rare opportunity to secure a well-located, ready-to-occupy retail space in a high-traffic area of Jonesboro. Don't miss out on this chance to establish your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6777
    Latitude
    35.7971

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      3513 Harrisburg Rd

      Land
      3513 Harrisburg Rd, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      1.63 Acres

      4225 Stadium Blvd

      Land
      4225 Stadium Blvd, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      2.42 Acres

      3912 Stadium Blvd

      Land
      3912 Stadium Blvd, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      28.58 Acres

      Southwest Dr

      Land
      0 Southwest Dr, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      1.50 Acres

      1 Block H Southern Hl

      Land
      1 Block H Southern Hl, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      1.31 Acres

      1246 Jaxon Dr

      Land
      1246 Jaxon Dr, Jonesboro, AR 72404
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4.34 Acres

      Jonesboro Land For Sale

      4.34 acres zoned C-3 LUO at signalized intersection.
      4002 Mount Carmel Rd, Jonesboro, AR 72404
      View Details
    • $240,000
      20.00 Acres

      20 Acres Land in Jonesboro

      20-acre site for building a residence on Crowley Ridge.
      17 County Road 406, Jonesboro, AR 72404
      View Details
    • $799,500
      67.78 Acres

      Land For Sale, Jonesboro

      67.78 acres of land near Jonesboro city limits.
      67.78 Acres Cr 114, Jonesboro, AR 72404
      View Details
    • Contact for pricing
      Pending

      Southern Hills Development Land

      Land for development in Southern Hills, Jonesboro, Arkansas.
      2 Block D Southern Hl, Jonesboro, AR 72404
      View Details
    • Contact for pricing

      38.11 Acres Within City Limits

      Secluded 38.11-acre land parcel in Jonesboro, Arkansas.
      38 Mathews Rd, Jonesboro, AR 72404
      View Details
    • $375,000
      15.00 Acres

      15 Acres Near City Amenities

      15 acres outside city limits, close to amenities.
      15 Highway 163, Jonesboro, AR 72404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400 SF

      Caraway Road Office Suite 14

      400 sq ft Office Space Available
      3800 Caraway Rd, Jonesboro, AR 72404
      View Details
    • $30 SF/Yr
      1,456 SF

      New Retail Strip Center

      New retail space in growing mixed-use development, high visibility.
      3310 Southwest Dr, Jonesboro, AR 72404
      View Details
    • Contact for pricing

      Revamped Retail Space for Lease

      Modern retail space available in high-traffic Jonesboro location.
      3106 Southwest Dr, Jonesboro, AR 72404
      View Details
    • Contact for pricing

      Proposed Warehouse/Showroom on Caraway Road

      Proposed 10,000 SF building near I-555 bypass.
      3408 Gateway Cv, Jonesboro, AR 72404
      View Details
    • Contact for pricing

      Proposed Warehouse and Showroom Space

      10,000 SF flex space with warehouse and showroom.
      3409 Gateway Cv, Jonesboro, AR 72404
      View Details
    • $3,500 /Mo
      1,162 SF

      Retail Space in Growing Development

      New retail space in high-traffic Jonesboro location for lease.
      3310 Southwest Dr, Jonesboro, AR 72404
      View Details
    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.
    3800 Caraway Suite 29 & 31
    Jonesboro, AR 72404
    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
    3800 Caraway Suite 29 & 31, Jonesboro, AR, 72404
    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!