Property profile

2500 Alexander Dr Jonesboro, AR 72401

OFF-MARKET
Strip malls
Property ID
US05-2094772
11,750 SF
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,500-square-foot office space is available for lease within the prestigious Christian Creek Commons Business Park in Jonesboro, Arkansas. Located at 2500 Alexander Drive, this Class A property offers a highly visible location, easily accessible from Interstate 555, a major thoroughfare with over 24,000 vehicles passing daily. The space is part of an 11,810-square-foot building and is ideal for a variety of uses, including traditional office, executive office, or medical office settings. The layout includes multiple private offices, a dedicated conference room, a convenient break area, two restrooms, a server room, and a large open area suitable for a bullpen or other flexible workspace configurations. Christian Creek Commons is a well-established business park, home to a diverse range of professional and retail tenants, creating a thriving and reputable business environment. This space presents a unique opportunity to establish a presence in a highly sought-after location within a successful and easily accessible business park in Jonesboro, Arkansas. The property's zip code is 72401. This listing represents a single available space within a multi-tenant building.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 11,750 SF
APN 01-143252-01201
UPID US05-2094772

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
  • (Bike/Boat/Book/etc) Store Printing Service
  • Agricultural Service Financial Institution
  • Law Firm
  • Copywriting Service Marketing Consultant
  • Marketing & Advertising Advertising Agency

Location

2500 Alexander Dr Jonesboro, AR 72401-7175
Jonesboro metro Census 300 JONESBORO, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.41M
CAP Approach CAP
$1.91M
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$1.49M

Owner & transaction history

since 2022
Last sale
$1.8M
5 recorded transactions
2022
$1.8M
2021
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.4M +52.1%

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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