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    Property profile & analytics

    556 School St Brookland, AR 72417

    • Office Properties & Spaces
    • 1,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jonesboro Hauling Inc - Junk Removal / Waste Management Facility
    • Courage Counseling, PLLC / Crisis Center / Medical Clinic
    • Cheers Unlimited Tumbling Academy, LLC / Gym & Fitness Center
    • Farmers Insurance - Robert Byrd Agency / Insurance Agency
    • Knockout K9’s by Kelcie / Pet Grooming Service

    Property Details for 556 School St

    Year built
    2022
    Property size
    1,200 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1200-square-foot office space is ideally situated in Brookland, Arkansas, offering high visibility in a busy area while maintaining a peaceful, off-highway location. The property is conveniently located near Harps grocery store, a new residential subdivision, and Highway 49 North, ensuring excellent accessibility for clients and employees. The building itself is newer construction, presenting a modern and well-maintained environment. The interior layout is thoughtfully designed to maximize functionality and includes three private offices, providing ample space for individual work or team collaboration. Two dedicated meeting areas are perfect for client presentations or internal discussions. A welcoming reception area creates a professional first impression, while an ADA-compliant restroom ensures accessibility for all. The monthly rental rate is $1400, based on a $14 per square foot rate, with a minimum one-year lease term. This presents a fantastic opportunity for businesses seeking a well-appointed and strategically located office space in a thriving community. The property's combination of modern amenities, convenient location, and competitive pricing makes it an attractive option for a variety of professional uses. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brookland
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.5908
    Latitude
    35.9082

    Comparable in this City

    • Value Estimation by Request
      4,234 SF

      309 Bernis St

      OFFICE BUILDING • 4,234 SF
      309 Bernis St, Brookland, AR 72417-8906
      View Details
    • Value Estimation by Request
      4,800 SF

      8288 Hwy 49th N

      OFFICE BUILDING • 4,800 SF
      8288 Hwy 49th N, Brookland, AR 72417-8792
      View Details
    • Value Estimation by Request
      7,200 SF

      9086 Hwy 49th N

      OFFICE BUILDING • 7,200 SF
      9086 Hwy 49th N, Brookland, AR 72417-9034
      View Details
    • Value Estimation
      $575,000
      6,750 SF

      10211 Hwy 49th N

      OFFICE BUILDING • 6,750 SF
      10211 Hwy 49th N, Brookland, AR 72417-8402
      View Details
    • Value Estimation by Request
      1,201 SF

      Hwy 49

      OFFICE BUILDING • 1,201 SF
      Hwy 49, Brookland, AR 72417
      View Details
    • Value Estimation by Request
      1,500 SF

      10787 Hwy 49th N

      OFFICE BUILDING • 1,500 SF
      10787 Hwy 49th N, Brookland, AR 72417-8577
      View Details

    Similar Nearby for Sale

    • $742,262
      1.42 Acres

      8107 Highway 49

      Land • 1.42 Acres
      8107 Highway 49, Brookland, AR 72417
      View Details
    • Contact for pricing
      2,520 SF

      Stand-Alone Building in Hilltop Area

      2,500+ SF building on Highway 49 in Brookland, Arkansas.
      5060 Highway 49 N, Brookland, AR 72417
      View Details
    • $871,200
      2.00 Acres

      Brookland Commercial Lot For Sale

      Prime commercial lot in high-growth Brookland, Arkansas.
      8140 S 49 Hwy, Brookland, AR 72417
      View Details
    • $275,000
      1.00 Acre

      Commercial Lot in Brookland, AR

      Centrally located commercial lot near key businesses and schools.
      195 N Oak St, Brookland, AR 72417
      View Details
    • $679,536

      Commercial Lots on U.S. 49

      Commercial lots in developing area with utilities and road frontage.
      8261 Highway 49 N, Brookland, AR 72417
      View Details
    • Contact for pricing

      Prime Land in Growing Brookland

      Land with highway frontage near NEA Baptist Medical Campus.
      195 Crain Rd, Brookland, AR 72417
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      4,800 SF

      Highway 49 Commercial Flex Space

      Versatile commercial space on a rapidly growing highway corridor.
      8288 Highway 49, Brookland, AR 72417
      View Details
    • $5,000 /Mo
      4,800 SF

      Highway 49 Commercial Flex Space

      Versatile commercial space on Highway 49 in Brookland, Arkansas.
      8288 Highway 49, Brookland, AR 72417
      View Details
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    556 School St
    Brookland, AR 72417
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    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
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