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    Property profile & analytics
    OFF-MARKET Estimated value $2,795,000
    Strip malls

    1319 Red Wolf Blvd, Jonesboro, AR 72401-4584

    15,540 SF 1.5 ac lot
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US05-1291301
    Property summary
    AI-generated overview

    This Class A, 15,285 square foot multi-tenant commercial building offers a 1,750 square foot office space for lease. Located at 1319 Red Wolf Blvd, Jonesboro, AR 72401, this property boasts a prime location in the Metro Centre, situated between the Mall at Turtle Creek and Arkansas State University. The building is zoned C-3 and sits on a 1.51-acre lot (APN: 01-144211-01602). Red Wolf Boulevard is a major thoroughfare in Jonesboro, known for its high concentration of restaurants, retail businesses, and offices. The property benefits from exceptional visibility and convenient access to a variety of amenities, including nearby Slim Chickens, Popeye's, Andy's Frozen Custard, Olive Garden, Chick-fil-A, Chili's, Target, and Walgreens. The existing tenant mix includes a diverse range of businesses, such as AR Cannabis Clinic, Envisage Med Spa, Stripes Spa & Nail Care, Sai Thai Cuisine, and Jimmy John's Gourmet Sandwiches. This presents a unique opportunity to establish a presence in a thriving commercial area with high foot traffic and strong brand recognition. The property is suitable for traditional office, medical office, or executive office uses.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Total area 15,540 SF
    Lot 1.5 ac (65,340 SF)
    APN 01-144211-01602
    UPID US05-1291301
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jimmy John's Take-out & Catering Catering Service
    • AR Cannabis Clinic | MMJ Card | Cannabis Card | Arkansas Marijuana Card Medical Clinic
    • Ichiya Asian Bistro Restaurant
    • Integrative Allergy and Wellness / Envisage Body Spa & Massage Center Alternative Medicine Practice
    • Stripes Spa & Nail Care Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.69M
    CAP Approach CAP
    $2.53M
    Comparable Approach Comparable
    $2.94M
    Blend (final) Blend
    $2.80M
    Owner & transaction history
    Baledge Properties INC · 5 yrs held
    Baledge Properties INC
    since 2021
    Last sale
    $3.0M
    1 recorded transaction
    2021
    $3.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.2M +52.1%
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