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    32 J F Blvd Lonoke, AR 72086
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    32 J F Blvd, Lonoke, AR 72086

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    • Land
    • 1.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 32 J F Blvd

    Lot size
    1.07 lot acres
    Property type
    Land

    Description

    This exceptional 1.07-acre commercial lot presents a remarkable investment opportunity in Lonoke, Arkansas. Strategically located on Lot 32 JF Boulevard, this property boasts unparalleled visibility and accessibility, situated directly off Interstate 40. The high-traffic location offers immediate proximity to a thriving commercial corridor, including multiple hotels, a Walmart Supercenter, Burger King, Waffle House, a Valero gas station, and numerous other gas stations. This ensures significant exposure for any commercial or industrial development. All utilities are readily available, simplifying the development process. The property is zoned for commercial use, providing flexibility for a wide range of businesses. This parcel represents a rare chance to establish a presence in a rapidly growing area with strong existing infrastructure and high consumer traffic. The asking price is $53,500. Further tracts and acreage are also available for those seeking larger-scale projects. This location in Lonoke, AR, zip code 72086, offers a unique blend of convenience and high visibility, making it an ideal site for a variety of commercial ventures. The coordinates are 34.8080004 latitude and -91.8886139 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.8886
    Latitude
    34.808

    Comparable in this City

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      0.90 Acres

      33 J F Blvd

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      33 J F Blvd, Lonoke, AR 72086
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      0.69 Acres

      18 J F Blvd

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      18 J F Blvd, Lonoke, AR 72086
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      4.55 Acres

      00 Cole Rd

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      0.69 Acres

      20 J F Blvd

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      20 J F Blvd, Lonoke, AR 72086
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    • Value Estimation by Request
      0.91 Acres

      31 J F Blvd

      Land
      31 J F Blvd, Lonoke, AR 72086
      View Details
    • Value Estimation by Request
      0.96 Acres

      29 J F Blvd

      Land
      29 J F Blvd, Lonoke, AR 72086
      View Details

    Similar Nearby for Sale

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      Raw Land Ready for Development

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      Land For Sale Lonoke, AR

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      Land Ready for Development

      Raw land suitable for development near schools and I-40.
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    • $34,500
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      Lonoke, AR Land - 0.69 Acres

      Affordable Lonoke land, ideal for development.
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    • $48,000
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      Lonoke, AR Acreage Investment Opportunity

      0.96-acre lot, prime location, $48,000
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    • $75,000
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      3 Acres Corner Lot Land

      3 acres of land on a corner lot.
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    Lonoke, AR 72086
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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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