Add Listing
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

    5 Fair Park Blvd Jonesboro, AR 72401

    • Land
    • 1.95 lot acres
    For Sale
    View listing
    $850,100
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5 Fair Park Blvd

    Lot size
    1.95 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.95-acre commercial/industrial lot, identified as Lot 5 Fair Park Blvd, is ideally situated in Jonesboro, Arkansas, zip code 72401, within Craighead County. The property boasts a highly desirable C3 zoning designation, opening up a wide range of development possibilities. Its strategic location directly behind established businesses like Casa Maya and Tokyo House on South Caraway Road, a major Jonesboro thoroughfare, ensures high visibility and accessibility. Nearby businesses include Enterprise, German Auto Tech Jonesboro, and Aldi, indicating a thriving commercial environment. The lot is adjacent to other developing land, presenting an excellent opportunity for synergy and growth. All utilities are readily available, and the developer has already completed all necessary water detention work, streamlining the development process. The lot's size offers flexibility

    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
    -90.6773
    Latitude
    35.8115

    Comparable in this City

    • Value Estimation by Request
      78.25 Acres

      Pacific Rd

      Land • 78.25 Acres
      0 Pacific Rd, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      41.73 Acres

      3702 Moore Rd

      Land • 41.73 Acres
      3702 Moore Rd, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      43.27 Acres

      3704 Moore Rd

      Land • 43.27 Acres
      3704 Moore Rd, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      12.00 Acres

      Highland Dr

      Land • 12.00 Acres
      0 Highland Dr, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      19.10 Acres

      2502 Nestle Rd

      Land • 19.10 Acres
      2502 Nestle Rd, Jonesboro, AR 72401
      View Details
    • Value Estimation by Request
      4.25 Acres

      2007 Cotton St

      Land • 185,130 SF
      2007 Cotton St, Jonesboro, AR 72401
      View Details

    Similar Nearby for Sale

    • $19,500,000
      25.00 Acres

      I-555 Industrial Land Tract 1

      Jonesboro, AR: Prime Industrial Land
      Interstate I-555 Nestle Rd, Jonesboro, AR 72401
      View Details
    • $775,000
      17.00 Acres

      Jonesboro Industrial Land - 17 Acres

      Prime Jonesboro industrial tract, I-2 zoning, city utilities.
      0 Floyd St, Jonesboro, AR 72401
      View Details
    • $3,129,750
      41.73 Acres

      Jonesboro Industrial Land - $3.1M

      41 acres, prime location, I-555 access
      3702 Moore Rd, Jonesboro, AR 72401
      View Details
    • $850,100
      1.95 Acres

      Jonesboro Commercial Land - 1.95 Acres

      Prime Jonesboro location, C3 zoning, buildable lot.
      5 Fair Park Blvd, Jonesboro, AR 72401
      View Details
    • $1,956,250
      78.25 Acres

      Jonesboro Development Tract

      78 Acres, Prime Location, R-1 Zoning
      0 Pacific Rd, Jonesboro, AR 72401
      View Details
    • $400,000
      4.25 Acres

      Jonesboro Industrial Land - $400K

      4.25-acre industrial lot, I-1 zoning.
      2007 Cotton St, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      7,708 SF

      Jonesboro Retail Space - 7708 SF

      High-traffic retail building, ideal for church or similar use.
      316 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $7 SF/Yr
      15,000 SF

      Modern Warehouse Space Available

      7,000 SF Industrial Sublease in Craighead County
      2504 Dr M.l.k. Jr Dr, Jonesboro, AR 72401
      View Details
    • $4 SF/Yr
      16,560 SF

      Jonesboro Warehouse and Office Space

      16,560 SF warehouse and office space for lease.
      511 Wilson St, Jonesboro, AR 72401
      View Details
    • $4 SF/Yr
      16,560 SF

      Warehouse and Office Space Available

      16,560 SF mixed warehouse and office space for lease.
      511 Wilson St, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      800 SF

      Jonesboro Commercial Property For Lease

      Versatile commercial property suitable for various business purposes.
      1202 Falls St, Jonesboro, AR 72401
      View Details
    • $4,020 /Mo
      6,000 SF

      Jonesboro Flex Space For Lease

      6,000 SF flex space with office and warehouse components.
      310 Reeves St, Jonesboro, AR 72401
      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.
    5 Fair Park Blvd
    Jonesboro, AR 72401
    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.
    Sign Up Successful!
    You now have access to more from Realmo!