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    Property profile & analytics

    4200 28Th Ave Pine Bluff, AR 71603

    • Land
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4200 28Th Ave

    Lot size
    1.63 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluff
    County
    Jefferson
    State
    Arkansas
    Longitude
    -92.0466
    Latitude
    34.2012

    Comparable in this City

    • Value Estimation by Request
      14.51 Acres

      6101 Olive St

      Land • 14.51 Acres
      6101 Olive St, Pine Bluff, AR 71603
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    • Value Estimation by Request
      1.63 Acres

      4200 28Th Ave

      Land • 1.63 Acres
      4200 28Th Ave, Pine Bluff, AR 71603
      View Details
    • Value Estimation by Request
      40.00 Acres

      Mulberry St

      Land • 40.00 Acres
      0 Mulberry St, Pine Bluff, AR 71603
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    • Value Estimation by Request
      20.00 Acres

      Sorrells Rd

      Land • 20.00 Acres
      0 Sorrells Rd, Pine Bluff, AR 71603
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    • Value Estimation by Request
      28.00 Acres

      3201 Ridgway Rd

      Land • 46,774 SF
      3201 Ridgway Rd, Pine Bluff, AR 71603
      View Details
    • Value Estimation by Request
      40.14 Acres

      Taloha Rd

      Agricultural land • 40.14 Acres
      0 Taloha Rd, Pine Bluff, AR 71603
      View Details

    Similar Nearby for Sale

    • $89,450
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      Prime 20-Acre Pine Bluff Land

      Arkansas commercial & recreational land; excellent investment.
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    • $51,000
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      Pine Bluff Wooded Acreage For Sale

      17 wooded acres bordering gated subdivision with nearby utilities.
      000 Middle Warren Rd, Pine Bluff, AR 71603
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    • $90,405
      25.83 Acres

      Pine Bluff Acreage For Sale

      Approximately 25.83 acres of land in a great location.
      0001 Ridgeway/Hampton Pkwy, Pine Bluff, AR 71603
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    • $229,400
      90.00 Acres

      90 Acres Hunting Land in AR

      Prime Hunting & Recreational Land near Pine Bluff
      90 Acers, Pine Bluff, AR 71603
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    • $100,555
      28.73 Acres

      Pine Bluff Acreage For Sale

      Approximately 28.73 acres of land in great location.
      0000 Ridgeway/Hampton Pkwy, Pine Bluff, AR 71603
      View Details
    • New
      $60,000
      9.97 Acres

      Pine Bluff Wooded Timber Land

      9.97 acres of wooded land suitable for development.
      00 Ridgeway Rd, Pine Bluff, AR 71603
      View Details

    Similar Nearby for Lease

    • $169,500
      2,695 SF

      Pine Bluff Office Space For Rent

      Office space for rent near JRMC in Pine Bluff.
      1801 W 40Th Ave, Pine Bluff, AR 71603
      View Details
    • Contact for pricing
      315,472 SF

      Jefferson Square Retail Center

      Pine Bluff, AR: Prime Retail Space Available
      2801 Olive St, Pine Bluff, AR 71603
      View Details
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    4200 28Th Ave
    Pine Bluff, AR 71603
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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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