3106 Orval Orlan DrJonesboro, AR 72403

Property Details for 3106 Orval Orlan Dr

Lot size

0.60 AC

Property size (Sq ft)

4,000 SF

Property type

Office buildings

APN

01-144334-03300

APU

114433403300

Description

This exceptional commercial property in Jonesboro, Arkansas, presents a unique opportunity for businesses seeking a blend of office and warehouse space. Located at 3106 Orval Orlan Dr, this 4,000 square foot flex space building sits on a 0.6-acre lot (APN: 01-144334-03300) and is zoned for warehouse use. The building boasts 18-20 foot high walls, providing ample vertical space. Loading and unloading is efficient with two flat loading areas and a 16-foot roll-up door equipped with an operator. The property features a substantial amount of finished second-floor space, ideal for offices and meetings. This upper level includes two private offices, a large open office area, a bathroom, and a conference room with a break area. The ground floor offers two warehouse/storage areas, along with five additional offices, two bathrooms, a breakroom, and a workspace. Both the office and warehouse areas benefit from central heating and air conditioning (heat in warehouse). Extensive fenced and lighted outdoor storage is available for equipment or inventory. This property is perfect for a growing company needing combined office and warehouse space, or as an investment opportunity for leasing. The property is located in Craighead County, Arkansas, zip code 72403.

• CAP approach

  CAP return

  Valuation

  6%

  $914,315

  6.5%

  $843,983

  7%

  $783,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,840

  Geo Method

  $311,840

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,539

  Hospitality

  $958,624

  Educational

  $797,564

  Medical

  $824,993

  Retail

  $1,240,655

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.798

Longitude

-90.6656

CBSA code

27860

CBSA name

JONESBORO, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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