Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land Available Title is generated by Realmo AI

    2809 W Kingshighway, Paragould, AR 72450

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.93 acre commercial tract in retail area.

    Type:Land
    Lot size:
    8.93 Acres
    Added:
    Nov 11, 2020
    Days on Market:
    2018
    Last Refresh:
    May 19 at 9:19 pm

    Property Features for 2809 W Kingshighway

    General Information

    Standard status
    Active
    Lot size
    8.93 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jason Gazaway

    Listing agent Jason Gazaway License #AR PB00043294

    Listing office Gazaway & White Real Estate

    Listing date Nov 11, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Gazaway & White Real Estate

    HighLights

    • 8.93 acre tract in main retail area of Paragould, AR
    • Zoned C‑3 Commercial, suitable for Self Storage, Office, or Retail
    • All utilities are available on the property
    • Located on Hwy 412 W with high visibility
    • Outlots already developed with Huddle House and a restaurant/retail center
    • Neighbors include Walmart Supercenter, Aldi, Wendy's, and West Pointe Shopping Center

    Overview

    This 8.93-acre tract is located on Hwy 412 W in the primary retail area of Paragould, AR. The property is zoned C-3 Commercial and has all utilities. Outlots have been developed into a freestanding Huddle House and a restaurant/retail center. Neighboring businesses include Walmart Supercenter, Aldi, Wendy's, and West Pointe Shopping Center. The property is suitable for self-storage, office, or retail development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    -90.523544
    Latitude
    36.06008

    Nearby Similar for Sale

    • $1,495,000
      5,056 SF

      Iconic Commercial Property in Paragould

      Long-standing destination for fuel, food, and community connection.
      12754 W Highway 412, Paragould, AR 72450
      View Details
    • $460,000
      10,000 SF

      Versatile Commercial Property on 2.76 Acres

      Two buildings totaling 10,000 sq ft on 2.76 acres.
      5977 N Hwy. 135, Paragould, AR 72450
      View Details
    • $499,000
      7,400 SF

      Highway Commercial Opportunity in Paragould

      Equipped commercial property on 1.46 acres with multiple revenue streams.
      2801 N HWY 49, Paragould, AR 72450
      View Details
    • $345,000
      3,722 SF

      Versatile Commercial Property in Paragould

      Multi-level commercial property with office, storage, and live-work potential.
      1011 Linwood Drive, Paragould, AR 72450-0000
      View Details
    • $229,900
      3,500 SF

      Former Church with Versatile Buildings

      Former church with sanctuary, kitchen, offices, and additional youth building.
      401 S 12th Avenue, Paragould, AR 72450-8338
      View Details
    • $1,850
      1,500 SF

      Paragould Retail/Office Space Available

      Prime location in Paragould's Carriage Hill area.
      3501 Stonegate Drive, Paragould, AR 72450
      View Details
    • $329,900
      1,760 SF

      Corner Lot Commercial Opportunity

      High-visibility corner lot suitable for various business uses.
      726 W Kingshighway, Paragould, AR 72450
      View Details
    • $651,222

      Paragould Commercial Land Opportunity

      1.15-acre commercial lot near Highway 49 in Paragould, AR.
      2907 McDaniel Road, Paragould, AR 72450-8847
      View Details
    • $988,500
      8,424 SF

      Paragould Multi-Residential Investment Opportunity

      Multi-unit apartment complex with redevelopment potential in desirable location.
      807 W Kingshighway, Paragould, AR 72450
      View Details
    • $675,000
      6,864 SF

      Remodeled Apartment Complex Investment

      Eight-unit apartment complex in Paragould, AR, remodeled in 2025.
      1205 W Hunt St, Paragould, AR 72450
      View Details
    • $900,000
      26,798 SF

      Versatile Industrial Property in Paragould

      Mix of office, showroom, and warehouse space near US 412.
      1305 Carroll Road, Paragould, AR 72450-6065
      View Details
    • $229,900
      1,950 SF

      Paragould Commercial Property on Highway

      High-traffic corner lot suitable for retail or office use.
      2212 LINWOOD DR., Paragould, AR 72450
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.93 acre commercial tract in retail area.
    Where is this commercial land located?
    The property is located at 2809 W Kingshighway Paragould, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 8.93 acre tract in main retail area of Paragould, AR; Zoned C‑3 Commercial, suitable for Self Storage, Office, or Retail; All utilities are available on the property
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Gazaway
    Real Estate License ID: AR PB00043294
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2809 W Kingshighway, Paragould, AR 72450
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!