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Property profile & analytics

2929 S Caraway Rd Jonesboro, AR 72401

  • Strip malls
  • 53,978 SF
  • 2.67 lot acres
For Lease
Last Sale
May 10, 2021
$2,500,000
Value Estimations
$2,050,000
Cap Rate Potential
Location Intelligence
Property ID
US05-0501161
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.

Current Use by Public Records

  • Millenium MRI / Medical Diagnostic Imaging Center
  • Arkansas Weight Loss Clinic / Weight Loss Service
  • McKee Amy K Dr / Chiropractor / Doctor
  • Jonesboro Pharmacy Solutions / Pharmacy
  • Sugar Magnolia Compassionate Healthcare / Medical Clinic

Property Details for 2929 S Caraway Rd

Lot size
2.67 lot acres
Property size
53,978 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
01-144294-00500
APU
114429400500

Description

This exceptional two-story, Class A commercial property, totaling 53,000 square feet, is located in Jonesboro, Arkansas, and offers a prime opportunity for businesses seeking modern, efficient space. Built in 2000 and recently modernized, the plaza boasts 15 suites across its single building, with 7,650 square feet currently available for lease. The property sits on 2.67 acres of land and provides ample parking with 120 spaces. The building features multiple lease space opportunities, including six available units, each offering over 1,275 square feet across the first and second floors. The plaza benefits from excellent visibility and accessibility due to its strategic location along Interstate 555 and S. Caraway Road. The property is zoned commercial and has an APN of 01-144294-00500. The building's exterior has undergone significant improvements within the last two years. Owners are open to build-to-suit options to accommodate specific tenant requirements. The property is suitable for a variety of uses, including traditional office and medical office spaces, as evidenced by its current tenant, a medical cannabis dispensary. The building does not have elevators. Utilities are available.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,190,000
    ML approach
    $2,315,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,642,000
    Market price range: $1.32M - $3.93M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Jonesboro
County
Craighead
State
Arkansas
Longitude
-90.68
Latitude
35.8089
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
$39,275
$156,812
$660,569
$817,381
-
$784,060
$3,302,845
$4,086,905
More about this property
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