2500 Alexander DrJonesboro, AR 72401

  • Strip malls
  • 11,750 SF
For Lease
$18/SF/YR View listing

Property Details for 2500 Alexander Dr

Property size (Sq ft)
11,750 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
01-143252-01201
APU
114325201201

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,948,126
    6.5%
    $3,644,424
    7%
    $3,384,108
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,308,396
    Geo Method
    $2,308,396
  • Alternative Use

    Use
    Valuation
    Residential
    $3,074,208
    Hospitality
    $2,815,958
    Educational
    $2,342,844
    Medical
    $2,423,418
    Retail
    $3,644,424
2500 Alexander Dr, Jonesboro, Arkansas

Location Insight

City
Jonesboro
County
Craighead
State
Arkansas
Latitude
35.9611
Longitude
-90.3457
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
$13,658
$46,234
$277,406
$323,640
-
$231,170
$1,387,030
$1,618,200

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