This document describes the development of a fluorescent small molecule probe called SR101−F-araNMN that can label the enzyme CD38 in live cells in a mechanism-based manner. The probe was used to investigate the cellular localization of CD38 in leukemia (HL-60 and K562) and lymphoma (Raji) cell lines. The results showed that CD38 is predominantly localized to the plasma membrane in Raji and RA-treated HL-60 cells, with very little intracellular CD38. Additionally, no CD38 expression was detected in K562 cells. This suggests that the major function of CD38 is to hydrolyze extracellular rather than intracellular NAD.