Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1205 W Hunt St Paragould, AR 72450

    Sponsored
    For Sale
    $675,000

    Apartments - Paragould, AR

    Property size:
    6,864 SF
    Lot size:
    0.33 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 19 at 5:06 pm

    Property Features for 1205 W Hunt St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    APN
    1002-36130-026
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    6,864 SF
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    2
    Number of units
    8
    Flooring type
    Vinyl
    Building materials
    Brick, Masonite
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Davis
    Kimberly Davis

    Paragould Home Source (870) 236-3100

    Listing agent Kimberly Davis (870) 236-3100

    Listing date Feb 11, 2026

    MLS# 26005265 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Apartment Complex Investment

    This apartment complex presents a new investment opportunity, featuring eight units, each with 2 bedrooms and 1 bath. The units were remodeled within the last year and finished in 2025. The potential gross rents are $6,400 per month. Income and expenses reflect the management company's figures from the last year and do not include mortgage, insurance, or taxes. Upgrades include new subfloors, joists, king beam, flooring, complete rewiring to code, new firewalls, plumbing, appliances, and cabinets. Five HVAC units have been replaced. The exterior has been painted, and a new metal roof and asphalt have been installed. The property is located in Paragould, Arkansas, and sits on a 0.33-acre lot. The property size is 6,864 square feet. The zoning is R2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.501608
    Latitude
    36.060198

    Nearby Similar for Sale

    • $900,000
      26,798 SF

      Versatile Industrial Property in Paragould

      Mix of office, showroom, and warehouse space near US 412.
      1305 Carroll Rd, Paragould, AR 72450
      View Details
    • $385,000
      4,000 SF

      Versatile Commercial Property on Highway

      4,000 sq ft commercial property on 8+ acres.
      5700 Highway 412 E, Paragould, AR 72450
      View Details
    • $625,000
      5,200 SF

      Commercial Property with Dog Boarding Business

      Turnkey commercial property with dog boarding and grooming business.
      380 Greene 921, Paragould, AR 72450
      View Details
    • $525,000
      4,706 SF

      Historic Brick Warehouse in Paragould

      Charming, updated 5,000 SF commercial space in downtown Paragould.
      219 E Court St, Paragould, AR 72450
      View Details
    • Contact for pricing
      4,706 SF

      Historic Brick Warehouse in Paragould

      Unique 4,706 SF commercial space in downtown Paragould, Arkansas.
      219 E Court St, Paragould, AR 72450
      View Details
    • $229,000
      5,581 SF

      Paragould Church Building with Parcels

      Church building with additional parcels located near downtown Paragould.
      109 W Plum St, Paragould, AR 72450
      View Details
    • $229,900
      3,500 SF

      Former Church with Versatile Buildings

      Former church with sanctuary, fellowship hall, and additional youth building.
      401 S 12Th Ave, Paragould, AR 72450
      View Details
    • $229,900
      3,552 SF

      Versatile Commercial Property in Paragould

      Ready-to-go location with incredible potential for various retail uses.
      1006 N 135 Hwy, Paragould, AR 72450
      View Details
    • $120,000
      1,541 SF

      Commercial Building on Corner Lot

      1541 sq ft commercial building on corner lot.
      725 W Kingshighway, Paragould, AR 72450
      View Details
    • $214,500
      2,408 SF

      Updated Commercial Space in Paragould

      Versatile commercial space in historic downtown Paragould, move-in ready.
      211 S Pruett St, Paragould, AR 72450
      View Details
    • $85,000
      780 SF

      Updated Office Space in Paragould

      Charming, updated office space suitable for various professional uses.
      303 S 4Th Ave, Paragould, AR 72450
      View Details
    • New
      $295,000
      5,420 SF

      Mixed-Use Property in Historic Downtown

      Mixed-use property with commercial space and residential apartments in Paragould.
      211 N Pruett St, Paragould, AR 72450
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight newly remodeled units with income potential in Paragould, Arkansas.
    Where is this apartment building located?
    The property is located at 1205 W Hunt St Paragould, AR.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Eight newly remodeled 2-bedroom, 1-bath units completed in 2025.; - Potential gross monthly rental income of $6,400.; - Significant recent upgrades including new subfloors, joists, king beam, flooring, wiring, firewalls, plumbing, and cabinets.
    (870) 215-9004
    Request Owner's contact information
    1205 W Hunt St Paragould, AR 72450
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1205 W Hunt St
    Paragould, AR 72450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1205 W Hunt St Paragould, AR 72450
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kimberly Davis
    Kimberly Davis
    (870) 215-9004 (870) 236-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.