Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Greene Road 721 Paragould, AR 72450

    • Land
    • 5.51 lot acres
    For Sale
    View listing
    $1,525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Greene Road 721

    Lot size
    5.51 lot acres
    Property type
    Land

    Description

    This exceptional 5.51-acre commercial land parcel, located at 721 Greene Rd, Paragould, AR 72450 (APN 1001-15410-007), presents a remarkable investment opportunity. Situated at the intersection of Greene Rd and Hwy 49N, this property enjoys unparalleled visibility and accessibility. Its prime location directly across from Greene County Tech High School ensures a consistent flow of traffic, while its proximity to the US 412 By-Pass guarantees significant exposure to a wider audience. The property is ideally positioned at the south entrance to a thriving commercial corridor, surrounded by a diverse mix of retail stores, medical facilities, restaurants, and hospitality businesses. This bustling environment provides a strong foundation for a variety of commercial ventures. The seller is willing to subdivide the land, offering flexibility for developers seeking smaller parcels. This presents a unique chance to capitalize on a high-demand location within a flourishing commercial hub in Paragould, Arkansas. The property's strategic placement and high visibility make it an ideal site for a wide range of commercial developments. Don't miss this exceptional opportunity to acquire a prime piece of commercial real estate in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.5329
    Latitude
    36.0096

    Comparable in this City

    • Value Estimation by Request
      2.58 Acres

      Us-412

      Land • 2.58 Acres
      0 Us-412, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      1.00 Acre

      826 Kingshighway

      Land • 1.00 Acre
      826 Kingshighway, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      8.93 Acres

      2809 Kingshighway

      Land • 8.93 Acres
      2809 Kingshighway, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      3.99 Acres

      412 U.s

      Land • 3.99 Acres
      412 U.s, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      5.66 Acres

      49 And Porter Dr

      Land • 5.66 Acres
      49 And Porter Dr, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      5.33 Acres

      Pruetts Chapel Rd

      Land • 5.33 Acres
      0 Pruetts Chapel Rd, Paragould, AR 72450
      View Details

    Similar Nearby for Sale

    • $100,000
      1.07 Acres

      Jones Road Commercial Land Parcel

      1.07-Acre Vacant Industrial Lot, $100K
      1304 Jones Rd, Paragould, AR 72450
      View Details
    • $1,525,000
      5.51 Acres

      Paragould Commercial Land - $1.5M

      5.5 Acres, High-Traffic Location
      0 Greene Road 721, Paragould, AR 72450
      View Details
    • $3,750,000

      19 Acres Paragould AR Commercial Land

      Prime 19-acre development land in Paragould, AR.
      5838 Us 49, Paragould, AR 72450
      View Details
    • $125,000
      2.58 Acres

      Highway 412 Paragould Corner Lot

      Prime 2.58-acre commercial/residential land.
      0 Us-412, Paragould, AR 72450
      View Details
    • $1,200,000
      5.66 Acres

      Hwy 49 S Commercial Land Parcel

      Prime Paragould commercial land, high visibility.
      49 And Porter Dr, Paragould, AR 72450
      View Details
    • $1,400,000
      6.34 Acres

      Paragould Commercial Land - 6.34 Acres

      High-traffic location, prime development opportunity.
      1904 Linwood Dr, Paragould, AR 72450
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Prime Commercial Land on Highway

      15.6-acre commercial land with highway frontage and development potential.
      6208 Highway 49 S, Paragould, AR 72450
      View Details
    • $15 SF/Yr
      43,300 SF

      West Pointe Center Retail Space

      Paragould, AR retail space available. High traffic location.
      2900 Kingshighway, Paragould, AR 72450
      View Details
    • $1,500 /Mo
      900 SF

      Prime Office Space in Paragould

      High-visibility office space in Paragould's bustling commercial district.
      2711 W Kingshighway, Paragould, AR 72450
      View Details
    • $11 SF/Yr
      3,720 SF

      Paragould Creative Office Space

      Prime Paragould office with living quarters, ample parking.
      1011 Linwood Dr, Paragould, AR 72450
      View Details
    • $12,700 /Mo
      19,026 SF

      Retail Space in Paragould Plaza

      Retail space available in a busy Paragould shopping center.
      1723 W Kingshighway, Paragould, AR 72450
      View Details
    • $7,000 /Mo
      8,400 SF

      Retail Space in Paragould Plaza

      Retail space available in a busy Paragould shopping center.
      1723 W Kingshighway, Paragould, AR 72450
      View Details
    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.
    Greene Road 721
    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
    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

    Google sign-in failed. Please try again or use another login method.