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    Property profile & analytics

    1009 S Redmond Rd Jacksonville, AR 72076

    • Office buildings
    • 2,352 SF
    • 0.58 lot acres
    For Sale
    View listing
    $375,000
    Last Sale
    Apr 12, 2023
    $290,000
    Value Estimations
    Cap Rate Potential
    7.7%
    Office buildings
    Location Intelligence
    Property ID
    US05-1084559
    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

    • Sully's Cabinets & Construction / Cabinet Maker

    Property Details for 1009 S Redmond Rd

    Year built
    2018
    Lot size
    0.58 lot acres
    Property size
    2,352 SF
    Property type
    Office buildings
    APN
    12J-080-01-015-00
    APU
    12J0800101500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $275,000
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $365,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $358,000
      Market price range: $124k - $396k
      AI Estimate
      $317,000
      Market price range: $82.6k - $357k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1228
    Latitude
    34.8565
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, 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
    $2,186
    $4,988
    $35,652
    $40,640
    -
    $24,940
    $178,260
    $203,200

    Comparable in this City

    • Value Estimation
      $270,000
      850 SF

      425 Main St

      OFFICE BUILDING • 850 SF
      425 Main St, Jacksonville, AR 72076-4508
      View Details
    • Value Estimation
      $265,000
      1,496 SF

      422 Dupree Dr

      OFFICE BUILDING • 1,496 SF
      422 Dupree Dr, Jacksonville, AR 72076-4311
      View Details
    • Value Estimation
      $260,000
      2,328 SF

      50 Hwy 67th N

      OFFICE BUILDING • 2,328 SF
      50 Hwy 67th N, Jacksonville, AR 72076-4010
      View Details
    • Value Estimation
      $235,000
      1,020 SF

      110 Jeff Davis Ave

      OFFICE BUILDING • 1,020 SF
      110 Jeff Davis Ave, Jacksonville, AR 72076-4327
      View Details
    • Value Estimation
      $290,000
      9,346 SF

      315 Dupree Dr

      OFFICE BUILDING • 9,346 SF
      315 Dupree Dr, Jacksonville, AR 72076-4308
      View Details
    • Value Estimation
      $65,000
      2,013 SF

      1326 John Harden Dr

      OFFICE BUILDING • 2,013 SF
      1326 John Harden Dr, Jacksonville, AR 72076-3144
      View Details

    Similar Nearby for Sale

    • $375,000
      2,288 SF

      Jacksonville Office Building with Security

      Well-maintained office building with security features and ample parking.
      1009 S Redmond Rd, Jacksonville, AR 72076
      View Details
    • $735,000
      8,424 SF

      Jacksonville Office Building - $735,000

      8,424 SF Office Building, Vacant, Excellent Condition
      1700 General Samuels Rd, Jacksonville, AR 72076
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    • $385,000
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      Versatile Commercial Property in Jacksonville

      Showroom, office, and warehouse space with fenced yard for sale.
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    • $1,100,000
      8,760 SF

      Jacksonville Medical Office Building

      High-Yield, 100% Occupied Multi-Tenant Property
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    • $735,000
      8,424 SF

      Renovated Office Space Near LRAFB

      Office space near LRAFB featuring call center and storage.
      1700 General Samuels Rd, Jacksonville, AR 72076
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    • $875,000
      1.57 Acres

      Prime Jacksonville AR Land Holding

      1.57 Acres, $875,000 - Development Opportunity
      1701 Ar-161, Jacksonville, AR 72076
      View Details

    Similar Nearby for Lease

    • New
      $550 /Mo
      1,000 SF

      Downtown Jacksonville Office/Retail Space

      Office or retail space in the heart of Jacksonville, Arkansas.
      112 S 2 Cantabury, Jacksonville, AR 72076
      View Details
    • New
      $650 /Mo
      1,100 SF

      Downtown Jacksonville Office/Retail Space

      Office or retail space in downtown Jacksonville, move-in ready.
      112 S 2Nd St, Jacksonville, AR 72076
      View Details
    • $4,900 /Mo
      7,200 SF

      Jacksonville Commercial Space For Lease

      Versatile commercial space suitable for various business applications.
      501 S 1St St, Jacksonville, AR 72076
      View Details
    • $11 SF/Yr
      49,293 SF

      Jacksonville Crossing Shopping Center

      High-traffic retail & office spaces available
      2126 1St St, Jacksonville, AR 72076
      View Details
    • $18 SF/Yr
      33,088 SF

      Prime Jacksonville Executive Office Space

      33,088 SF Executive Office Building For Lease
      2424 Marshall Rd, Jacksonville, AR 72076
      View Details
    • $12 SF/Yr
      936 SF

      Renovated Flex Space Available

      Newly renovated flex space with storage and convenient location.
      401 S 1St St, Jacksonville, AR 72076
      View Details
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    1009 S Redmond Rd
    Jacksonville, AR 72076
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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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