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    Property profile & analytics

    3406 Access Rd Jonesboro, AR 72401-7314

    • Warehouses
    • 46,224 SF
    • 1.19 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2020
    Value Estimations
    $3,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1351141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Secura Self Storage (Jonesboro, AR) / Storage Facility

    Property Details for 3406 Access Rd

    Year built
    2021
    Lot size
    1.19 lot acres
    Property size
    46,224 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    01-144284-06401
    APU
    114428406401

    Description

    This exceptional self-storage facility in Jonesboro, Arkansas, presents a lucrative investment opportunity. Priced at $3,600,000, this property boasts 45,308 square feet and houses 315 climate-controlled units. Its prime location on I-555 ensures high visibility and significant traffic flow, maximizing rental potential. The facility is fully equipped for remote operation via kiosks, minimizing operational overhead. Security is enhanced with a comprehensive camera system. An on-site office with a restroom provides convenient management capabilities. This turnkey operation is ideal for an investor seeking a high-return, low-maintenance asset in a thriving market. The property's address is 3406 Access Rd, Jonesboro, AR 72401. Its convenient location in Northeast Arkansas offers easy access for both local residents and commuters. The 100% climate-controlled units cater to a wide range of storage needs, further enhancing the property's appeal and rental income potential. This is a rare opportunity to acquire a well-established, high-performing self-storage facility with significant growth prospects. The property's features and location combine to create a compelling investment proposition for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,788,000
      Market price range: $1.31M - $2.89M
      AI Estimate
      $2,969,000
      Market price range: $890k - $3.12M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,845,000
      Current use
      RETAIL STORES
      $4,235,000
      Change: +130% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,825,000
      Change: +107% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,005,000
      Change: +63% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6619
    Latitude
    35.8082
    CBSA code
    27860
    CBSA name
    JONESBORO, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,005
    $31,102
    $556,886
    $587,988
    -
    $155,510
    $2,784,430
    $2,939,940

    Comparable in this City

    • Value Estimation
      $705,000
      10,000 SF

      2431 Washington Ave

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      2431 Washington Ave, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      6,000 SF

      6004 Hwy 18th E

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      6004 Hwy 18th E, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $600,000
      25,920 SF

      Herb St

      MINI-WAREHOUSE, STORAGE • 25,920 SF
      Herb St, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $1,050,000
      22,720 SF

      3213 Whitman St

      MINI-WAREHOUSE, STORAGE • 22,720 SF
      3213 Whitman St, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      6,840 SF

      322 Gordon St

      MINI-WAREHOUSE, STORAGE • 6,840 SF
      322 Gordon St, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $2,410,000
      31,180 SF

      4214 Access Rd

      MINI-WAREHOUSE, STORAGE • 31,180 SF
      4214 Access Rd, Jonesboro, AR 72401-7613
      View Details

    Similar Nearby for Sale

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      Jonesboro Mixed-Use Property For Sale

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      Office/Warehouse Buildings on Fenced Site

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      Prime Development Opportunity in Jonesboro

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      6,000 SF

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    Similar Nearby for Lease

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      45,000 SF

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    • $4,020 /Mo
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      6,000 SF flex space with office and warehouse components.
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    • $4,500 /Mo
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      New Commercial Space in Jonesboro

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    • $7 SF/Yr
      15,000 SF

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    • $4 SF/Yr
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    • $2,500 /Mo
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    3406 Access Rd
    Jonesboro, AR 72401-7314
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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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