2400 E Highland Dr Jonesboro, AR 72401
Property profile & analytics
2400 E Highland Dr Jonesboro, AR 72401
- Commercial real estate
- 46,860 SF
- 3.35 lot acres
Property ID
US05-0516492
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Federal Bureau-Investigation / Federal Government Office / Private Investigator
- Arkansas State University System / College
- KJNB Northeast Arkansas Fox and CBS / Television Studio / Media Distribution
- Lilly Law Firm, PA / Law Firm
- nea professional schools / Vocational School / Training Center
Property Details for 2400 E Highland Dr
- Lot size
- 3.35 lot acres
- Property size
- 46,860 SF
- Property type
- Commercial real estate
- APN
- 01-144213-14300
- APU
- 114421314300
Description
This exceptional investment opportunity presents a fully occupied, Class B office building totaling 55,639 square feet on a 3.35-acre lot in Jonesboro, Arkansas. Located at 2400 E Highland Dr, this five-story building boasts 43,925 square feet of net rentable space, currently commanding a 100% occupancy rate and an attractive $112.06 per square foot price. The property offers a strong 8.50% capitalization rate, making it an ideal addition to any portfolio. Situated on a major Jonesboro arterial with convenient access to I-555, the building benefits from high visibility and excellent accessibility. The surrounding area is vibrant, featuring numerous national retailers and restaurants, including Walmart, Lowe's, Texas Roadhouse, Freddy's, and Kroger, ensuring high traffic and strong tenant demand. Recent improvements include a new 25-ton rooftop HVAC unit (2021), waterproofing of the glass ceiling and select windows by Roberts McNutt, updated 5th-floor restrooms (2023), and a freshly striped parking lot (2023). This prime location, coupled with its strong occupancy and recent upgrades, makes this a compelling investment opportunity with significant potential for future growth. The asking price is $6,235,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,930,000
- 6.5%
- $5,470,000
- 7%
- $5,080,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,893,000
- AI Estimate
- $5,129,000
Market price range: $1.10M - $3.89MMarket price range: $1.16M - $5.13M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,045,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,280,000 Change: +106% Conversion: Difficult
- OFFICE BUILDING
- $5,260,000 Change: +73% Conversion: Easy
- RETAIL STORES
- $4,290,000 Change: +41% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,875,000 Change: +27% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.6762
- Latitude
- 35.8222
- CBSA code
- 27860
- CBSA name
- JONESBORO, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$50,237
$292,305
$898,152
$1,190,457
-
$1,461,525
$4,490,760
$5,952,285
