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    4828 Johnson Ave Jonesboro, AR 72401

    • Retail properties
    • 4.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 4828 Johnson Ave

    Lot size
    4.32 lot acres
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional 4.32-acre commercial land parcel in Jonesboro, Arkansas, presents a unique investment opportunity. Located at the hard corner of Highway 49 North and Bridger Road, this property offers unparalleled visibility and access to over 23,000 vehicles daily. Zoned C-3 commercial, it's ideally situated as a gateway to the expansive NEA Baptist Health System Campus, a $400 million development, and adjacent to a new 11-acre lifestyle-focused medical development, The Reserve at NEA Baptist. This development includes NEA Baptist Pediatricians, Dermatology, and Pain Management. Furthermore, a soon-to-be-announced 55,000 square foot medical facility is also nearby. The site is divisible into three separate lots, each offering significant frontage on Johnson Avenue and/or Bridger Road. City utilities are available. Lot 1 (1.44 acres) and Lot 2 (1.44 acres) are priced at $878,170 each, while the corner Lot 3 (1.44 acres) is priced at $1,066,349. This prime location provides an exceptional opportunity for restaurant and retail development within a thriving medical corridor. The total asking price for the entire 4.32-acre tract is $2,822,689. This property represents a strategic investment in a high-growth area with significant long-term potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6369
    Latitude
    35.8642

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      5300 Johnson Ave

      Land • 87,120 SF
      5300 Johnson Ave, Jonesboro, AR 72401
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    • Value Estimation by Request
      0.70 Acres

      2523 Browns Ln

      Land • 30,492 SF
      2523 Browns Ln, Jonesboro, AR 72401
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    • Value Estimation by Request
      1.62 Acres

      4215 Johnson Ave

      Land • 1.62 Acres
      4215 Johnson Ave, Jonesboro, AR 72401
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    • Value Estimation by Request
      7.45 Acres

      2301 Browns Ln

      Land • 7.45 Acres
      2301 Browns Ln, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      2.43 Acres

      3700 Johnson Ave

      Land • 2.43 Acres
      3700 Johnson Ave, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      1.26 Acres

      5911 Johnson Ave

      Land • 1.26 Acres
      5911 Johnson Ave, Jonesboro, AR 72401
      View Details

    Similar Nearby for Sale

    • $1,191,804
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    • $229,080
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    • $987,938
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      Jonesboro Commercial Land - $987K

      High-traffic retail lot, prime location.
      4215 Johnson Ave, Jonesboro, AR 72401
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    • $695,000
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      Highway 49 N Commercial Land

      Jonesboro, AR: Prime 1.26-acre lot. High traffic.
      5911 Johnson Ave, Jonesboro, AR 72401
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    • $2,436,505
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      Highway 49 N Commercial Land

      Jonesboro, AR development opportunity.
      3700 Johnson Ave, Jonesboro, AR 72401
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    Similar Nearby for Lease

    • $6 SF/Yr
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      Jonesboro Retail Space - 7708 SF

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    • $18 SF/Yr
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      Hilltop Medical/Office Space For Lease

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      3637 Johnson Ave, Jonesboro, AR 72401
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    • $7 SF/Yr
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      Jonesboro Retail Space - Phase 1

      252,720 SF Retail Building, Prime Location
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    • $3,950 /Mo
      7,708 SF

      Jonesboro Retail Space For Lease

      7,708 SF retail space available for lease in Jonesboro, AR.
      316 E Johnson Ave, Jonesboro, AR 72401
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    • $216 SF/Yr
      10,700 SF

      Hilltop Office/Retail Space in Jonesboro

      Prime Jonesboro location, 3,600 sq ft available.
      3701 Johnson Ave, Jonesboro, AR 72401
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    • $15 SF/Yr
      15,000 SF

      Jonesboro Medical Office Space

      Prime 15,000 SF Medical Office in Jonesboro, AR
      4212 Johnson Ave, Jonesboro, AR 72401
      View Details
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    4828 Johnson Ave
    Jonesboro, AR 72401
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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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