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    Property profile & analytics

    3423 Nettleton Ave Jonesboro, AR 72401-5523

    • Motels
    • 6,922 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0568207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jami Bee Motel / Motel

    Property Details for 3423 Nettleton Ave

    Lot size
    0.55 lot acres
    Property size
    6,922 SF
    Property type
    Motels
    APN
    01-144214-10100
    APU
    114421410100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $460,000
      COMMERCIAL (GENERAL)
      $455,000
      MEDICAL BUILDING
      $425,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6634
    Latitude
    35.8277
    CBSA code
    27860
    CBSA name
    JONESBORO, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,530
    $6,000
    $30,247
    $36,247
    -
    $30,000
    $151,235
    $181,235

    Comparable in this City

    • Value Estimation
      $1,825,000
      21,624 SF

      2300 Caraway Rd

      MOTEL • 21,624 SF
      2300 Caraway Rd, Jonesboro, AR 72401-6205
      View Details
    • Value Estimation
      $240,000
      14,322 SF

      5305 Nettleton Ave

      MOTEL • 14,322 SF
      5305 Nettleton Ave, Jonesboro, AR 72401-6650
      View Details
    • Value Estimation
      $450,000
      25,186 SF

      2500 Caraway Rd

      MOTEL • 25,186 SF
      2500 Caraway Rd, Jonesboro, AR 72401-6209
      View Details
    • Value Estimation
      $530,000
      24,746 SF

      2901 Phillips Dr

      MOTEL • 24,746 SF
      2901 Phillips Dr, Jonesboro, AR 72401-7342
      View Details
    • Value Estimation
      $230,000
      13,733 SF

      2406 Phillips Dr

      MOTEL • 13,733 SF
      2406 Phillips Dr, Jonesboro, AR 72401-7309
      View Details
    • Value Estimation
      $285,000
      10,230 SF

      402 Gee St

      MOTEL • 10,230 SF
      402 Gee St, Jonesboro, AR 72401-2525
      View Details

    Similar Nearby for Sale

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      1.21 Acres

      Jonesboro Commercial Land - 1.21 Acres

      Prime Jonesboro development site, 1.21 acres, all utilities.
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      View Details
    • $1,191,804
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      Jonesboro Commercial Land Investment

      2.28 Acres, High-Traffic Location
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    • $749,900
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      Prime Jonesboro Commercial Lot

      1.05 Acres, C-5 Zoning, Corner Lot
      0 Windover Rd, Jonesboro, AR 72401
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    • $2,012,472
      3.32 Acres

      Jonesboro Commercial Land - $2M

      3.32 Acres, Prime Jonesboro Location
      0 Southern Hills Ln, Jonesboro, AR 72401
      View Details
    • $850,100
      1.95 Acres

      Jonesboro Commercial Land - 1.95 Acres

      Prime Jonesboro commercial lot, high traffic area.
      2712 Caraway Rd, Jonesboro, AR 72401
      View Details
    • $775,000
      2.83 Acres

      Jonesboro Medical Office Land

      2.83 acres near NEA Baptist. High visibility.
      0 2.83 Ac Disciple Dr, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      35,719 SF

      Jonesboro Retail Space Available

      High-traffic location, build-to-suit options.
      104 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $40,217
      104,544 SF

      Jonesboro Medical Office Park

      Executive suites, prime location.
      2097 Bridger Rd, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      6,600 SF

      Hilltop Medical/Office Space For Lease

      Jonesboro, AR: 3,600 SF Available
      3637 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $16 SF/Yr
      2,000 SF

      Move-in Ready Office Space

      First-floor office space with high traffic exposure and easy access.
      501-503 Southwest Dr, Jonesboro, AR 72401
      View Details
    • $30 SF/Yr
      10,000 SF

      New Retail Center on Highway

      New construction retail center with frontage on Highway 49.
      5900 Highway 49 N, Jonesboro, AR 72401
      View Details
    • $3,000 /Mo
      2,700 SF

      Professional Office Space in Jonesboro

      2,700 SF office space with recent upgrades and ample parking.
      1707 Stone St, Jonesboro, AR 72401
      View Details
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    3423 Nettleton Ave
    Jonesboro, AR 72401-5523
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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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