Property profile

2308 Caraway Rd Jonesboro, AR 72401

OFF-MARKET
Outlet malls
Property ID
US05-0960533
25,200 SF 2.29 ac lot
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 24,564-square-foot retail property is situated at 2308 S. Caraway Rd., Jonesboro, Arkansas, 72401. The single-tenant building, constructed in 1978, sits on a 2.29-acre lot and is zoned for commercial use. Currently vacant, this property presents a unique opportunity for a variety of retail businesses. Its strategic location along a major retail corridor offers significant visibility and accessibility. Caraway Road boasts over 24,000 vehicles per day, demonstrating substantial traffic volume. The property benefits from its proximity to established national retailers including Walmart, Aldi, Sam's Club, Kohl's, and Lowe's, ensuring high consumer traffic and brand synergy. Furthermore, its location less than a mile from Interstate 555 provides convenient access for customers throughout the Jonesboro area and beyond. This property is ideal for a department store, discount store, or grocery store seeking a prime location in a thriving retail environment. The entire 24,564 square feet is available for lease. This presents a rare opportunity to establish a strong retail presence in a high-demand area of Jonesboro.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 25,200 SF
Lot 2.29 ac (99,752 SF)
APN 01-144282-01700
UPID US05-0960533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Pharmacy
  • (Bike/Boat/Book/etc) Store

Location

2308 Caraway Rd Jonesboro, AR 72401-6205
Jonesboro metro Census 403 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$505k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $2.8M +22.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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