Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1821 Parker Rd Jonesboro, AR 72404-8575
    Property profile & analytics

    1821 Parker Rd, Jonesboro, AR 72404-8575

    View on Map
    • Specialty properties
    • 1,200 SF
    • 15.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fletcher Dodge Diesel Shop / Auto Repair Shop
    • Danny batchelars asphalt paving & sealcoating / General Contractor / Construction Company
    • Lucky Camper & RV (Formerly Perkins RV Park) / Campground & RV Park

    Property Details for 1821 Parker Rd

    Lot size
    15.93 lot acres
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 15.93-acre commercial property, located at 1821 E Parker Road in Jonesboro, Arkansas, presents a unique investment opportunity. Currently operating as an RV park, the site boasts 72 campsites, two residential homes, and an on-site laundry facility, generating immediate income potential. The property's 1,200 square feet of existing structures offer flexibility for continued operation or potential redevelopment. Situated along I-555, this location offers unparalleled visibility and accessibility. Jonesboro's strategic location, 67 miles north of Memphis, Tennessee

    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
    -90.684
    Latitude
    35.8061

    Comparable in this City

    • Value Estimation by Request
      1.11 Acres

      1 Keller Chapel

      Land
      1 Keller Chapel, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      2,962 SF

      Jonesboro, AR 72404

      PROFESSIONAL CLUBS/ASSOCIATIONS
      Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      6,230 SF

      3811 Kirksey Ditch Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      3811 Kirksey Ditch Rd, Jonesboro, AR 72404
      View Details
    • Value Estimation by Request
      2,962 SF

      703 Gladiolus Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      703 Gladiolus Dr, Jonesboro, AR 72404-0669
      View Details
    • Value Estimation by Request
      4,000 SF

      5204 Stadium Blvd

      CREMATORIUM, MORTUARY
      5204 Stadium Blvd, Jonesboro, AR 72404-8659
      View Details
    • Value Estimation by Request
      3,107 SF

      Willow Crk Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS
      Willow Crk Ln, Jonesboro, AR 72404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,456 SF

      Commercial Property on Southwest Drive

      Commercial property for sale in Jonesboro, Arkansas, 1456 square feet.
      3310 Southwest Dr, Jonesboro, AR 72404
      View Details
    • $999,500
      80.24 Acres

      Wooded Land Near Jonesboro

      80.24 acres of wooded land suitable for development.
      80.24 Acres Cr 114, Jonesboro, AR 72404
      View Details
    • $375,000
      15.00 Acres

      15 Acres Near City Amenities

      15 acres outside city limits, close to amenities.
      15 Highway 163, Jonesboro, AR 72404
      View Details
    • Contact for pricing
      Pending

      Southern Hills Development Land

      Land for development in Southern Hills, Jonesboro, Arkansas.
      2 Block D Southern Hl, Jonesboro, AR 72404
      View Details
    • $240,000
      20.00 Acres

      20 Acres Land in Jonesboro

      20-acre site for building a residence on Crowley Ridge.
      17 County Road 406, Jonesboro, AR 72404
      View Details
    • $799,500
      67.78 Acres

      Land For Sale, Jonesboro

      67.78 acres of land near Jonesboro city limits.
      67.78 Acres Cr 114, Jonesboro, AR 72404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400 SF

      Caraway Road Office Suite 14

      400 sq ft Office Space Available
      3800 Caraway Rd, Jonesboro, AR 72404
      View Details
    • $14 SF/Yr
      1,250 SF

      Jonesboro Flex Space For Rent

      1,250 SF flex space near I-555 in Jonesboro, AR.
      2503 Sunny Meadow Dr, Jonesboro, AR 72404
      View Details
    • Contact for pricing

      Proposed Warehouse and Showroom Space

      10,000 SF flex space with warehouse and showroom.
      3409 Gateway Cv, Jonesboro, AR 72404
      View Details
    • $30 SF/Yr
      1,456 SF

      New Retail Strip Center

      New retail space in growing mixed-use development, high visibility.
      3310 Southwest Dr, Jonesboro, AR 72404
      View Details
    • Contact for pricing
      4,526 SF

      New Commercial Space For Rent

      Brand new commercial space with parking available in Jonesboro, AR.
      3110 Fox Rd, Jonesboro, AR 72404
      View Details
    • $3,500 /Mo
      1,162 SF

      Retail Space in Growing Development

      New retail space in high-traffic Jonesboro location for lease.
      3310 Southwest Dr, Jonesboro, AR 72404
      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.
    1821 Parker Rd
    Jonesboro, AR 72404-8575
    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
    1821 Parker Rd, Jonesboro, AR, 72404
    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!