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    Property profile & analytics

    1401 Kimberly Dr Paragould, AR 72450

    • Apartment buildings
    • 4,320 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Jul 25, 2022
    $260,000
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1942258
    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

    • Apartment buildings

    Property Details for 1401 Kimberly Dr

    Lot size
    0.22 lot acres
    Property size
    4,320 SF
    Property type
    Apartment buildings
    APN
    1516-00035-000
    APU
    151600035000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $240,000
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $345,000
      AUTO REPAIR, GARAGE
      $335,000
      RETAIL STORES
      $315,000
      WAREHOUSE, STORAGE
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.5023
    Latitude
    36.0435
    CBSA code
    37500
    CBSA name
    PARAGOULD, AR MICROPOLITAN 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
    2023
    $1,392
    $3,300
    $26,950
    $30,250
    -
    $16,500
    $134,750
    $151,250

    Comparable in this City

    • Value Estimation
      $255,000
      5,148 SF

      2167 Smothers Rd

      APARTMENT HOUSE (5+ UNITS) • 5,148 SF
      2167 Smothers Rd, Paragould, AR 72450-7135
      View Details
    • Value Estimation
      $270,000
      4,278 SF

      3306 2nd Ave

      HIGH-RISE APARTMENTS • 4,278 SF
      3306 2nd Ave, Paragould, AR 72450-4889
      View Details
    • Value Estimation
      $260,000
      14,970 SF

      2903 Kingshighway

      HIGH-RISE APARTMENTS • 14,970 SF
      2903 Kingshighway, Paragould, AR 72450-2607
      View Details
    • Value Estimation
      $435,000
      2,134 SF

      612 Canal St

      HIGH-RISE APARTMENTS • 2,134 SF
      612 Canal St, Paragould, AR 72450-2350
      View Details
    • Value Estimation
      $290,000
      1,156 SF

      1102 Ward Ln

      HIGH-RISE APARTMENTS • 1,156 SF
      1102 Ward Ln, Paragould, AR 72450-2847
      View Details
    • Value Estimation
      $255,000
      648 SF

      113 Highland St

      HIGH-RISE APARTMENTS • 648 SF
      113 Highland St, Paragould, AR 72450-3052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,652 SF

      Paragould Multifamily Investment Opportunity

      32-unit multifamily property in Paragould, AR, built in 1970.
      1701 S 9Th St, Paragould, AR 72450
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    • $675,000
      8,196 SF

      Jonesboro 8-Plex Investment Opportunity

      8-unit apartment building in Jonesboro with updates and upgrades.
      517 Paragould Dr, Jonesboro, AR 72450
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    • $48,500
      1.10 Acres

      Prime Paragould Residential Lot

      Build Your Dream Home in Arkansas
      0 Don Kirk Dr, Paragould, AR 72450
      View Details
    • $125,000
      2.45 Acres

      Hwy 412 Paragould Commercial Land

      Prime 2.45-acre lot, ideal for development.
      412 Us-412, Paragould, AR 72450
      View Details
    • $200,000
      3.99 Acres

      Hwy 412 Paragould Commercial Land

      Prime 3.99-acre development site. High visibility location.
      412 U.s, Paragould, AR 72450
      View Details
    • $195,000
      2,674 SF

      Paragould Property with Shop Building

      Property featuring a house and newer shop building on 1.9 acres.
      1409 E Kingshighway, Paragould, AR 72450
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Prime Commercial Land on Highway

      15.6-acre commercial land with highway frontage and development potential.
      6208 Highway 49 S, Paragould, AR 72450
      View Details
    • $15 SF/Yr
      2,400 SF

      Retail Space Beside Goodwill Store

      Retail space available next to Goodwill, approximately 2,400 square feet.
      2708-2900 W Kingshighway, Paragould, AR 72450
      View Details
    • $15 SF/Yr
      2,000 SF

      Prime Retail/Office Space Available

      2000 sq ft space in Paragould's thriving SouthPointe Park.
      11 Southpointe Dr, Paragould, AR 72450
      View Details
    • $15 SF/Yr
      43,300 SF

      West Pointe Center Retail Space

      Paragould, AR retail space available. High traffic location.
      2900 Kingshighway, Paragould, AR 72450
      View Details
    • $1,500 /Mo
      900 SF

      Prime Office Space in Paragould

      High-visibility office space in Paragould's bustling commercial district.
      2711 W Kingshighway, Paragould, AR 72450
      View Details
    • $7,000 /Mo
      8,400 SF

      Retail Space in Paragould Plaza

      Retail space available in a busy Paragould shopping center.
      1723 W Kingshighway, Paragould, AR 72450
      View Details
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    1401 Kimberly Dr
    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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