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    2809 Kingshighway Paragould, AR 72450

    • Land
    • 8.93 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2809 Kingshighway

    Lot size
    8.93 lot acres
    Property type
    Land

    Description

    This exceptional 8.93-acre commercial land parcel presents a significant development opportunity in Paragould, Arkansas. Strategically located on Highway 412 West, this C-3 zoned property boasts unparalleled visibility directly across from a Walmart Supercenter. The site benefits from existing infrastructure, including all utilities and a privately owned, improved 40-foot access drive directly onto US Highway 412. Neighboring businesses include Aldi, Wendy's, and the West Pointe Shopping Center, solidifying its position within a thriving retail corridor. The property's high traffic count, averaging 17,000 cars per day according to 2019 ARDOT data, makes it ideal for a variety of commercial ventures. Previous development in the immediate area includes a Huddle House and a two-tenant restaurant/retail center, demonstrating the suitability and potential of the site. This is a rare opportunity to acquire a highly visible, well-located commercial lot in a rapidly growing area. The asking price is $1,950,000. The property's address is 2809 W Kingshighway, Paragould, AR 72450, situated in Greene County.

    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
    -90.5242
    Latitude
    36.06

    Comparable in this City

    • Value Estimation by Request
      2.58 Acres

      Us-412

      Land • 2.58 Acres
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      1.00 Acre

      826 Kingshighway

      Land • 1.00 Acre
      826 Kingshighway, Paragould, AR 72450
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      3.99 Acres

      412 U.s

      Land • 3.99 Acres
      412 U.s, Paragould, AR 72450
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      5.66 Acres

      49 And Porter Dr

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      5.51 Acres

      Greene Road 721

      Land • 5.51 Acres
      0 Greene Road 721, Paragould, AR 72450
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    • 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

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    Similar Nearby for Lease

    • $14 SF/Yr

      Prime Commercial Land on Highway

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    • $7,000 /Mo
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      Retail Space in Paragould Plaza

      Retail space available in a busy Paragould shopping center.
      1723 W Kingshighway, Paragould, AR 72450
      View Details
    • $15 SF/Yr
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      Retail Space Beside Goodwill Store

      Retail space available next to Goodwill, approximately 2,400 square feet.
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    • $15 SF/Yr
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      West Pointe Center Retail Space

      Paragould, AR retail space available. High traffic location.
      2900 Kingshighway, Paragould, AR 72450
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    • $1,500 /Mo
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      Prime Office Space in Paragould

      High-visibility office space in Paragould's bustling commercial district.
      2711 W Kingshighway, Paragould, AR 72450
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    • $7 SF/Yr
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      Town West Coworking Space Available

      Prime Greene County Coworking Opportunity
      2501 Kingshighway, Paragould, AR 72450
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    2809 Kingshighway
    Paragould, AR 72450
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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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