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    Property profile & analytics

    108 Highland Dr Jonesboro, AR 72401-5940

    • Drug stores
    • 14,406 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    $5,730,000
    Last Sale
    Dec 09, 2020
    $5,538,000
    Location Intelligence
    Property ID
    US05-1455316
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Store / Movie Rental Kiosk
    • FedEx OnSite / Mailing Service
    • Walgreens / Convenience Store / Drug Store

    Property Details for 108 Highland Dr

    Lot size
    1.28 lot acres
    Property size
    14,406 SF
    Property type
    Drug stores
    APN
    01-144193-29000
    APU
    114419329000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,880,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,040,000
      6.5%
      $5,115,000
      7%
      $5,685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,375,000
      Geo Method
      $5,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,620,000
      Retail
      $6,180,000
      Mixed-Use
      $5,275,000
      Hospitality
      $6,400,000
      Educational
      $5,125,000
      Residential Income
      $6,460,000
      Energy
      $5,560,000
      Income-Based Land
      $6,985,000
      Food Service
      $6,695,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.7051
    Latitude
    35.8218
    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
    $22,246
    $200,725
    $326,437
    $527,162
    -
    $1,003,625
    $1,632,185
    $2,635,810

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      403 Matthews Ave

      DRUG STORE, PHARMACY • 1,800 SF
      403 Matthews Ave, Jonesboro, AR 72401-3142
      View Details
    • Value Estimation
      $495,000
      2,080 SF

      325 Swsw Dr

      DRUG STORE, PHARMACY • 2,080 SF
      325 Swsw Dr, Jonesboro, AR 72401-5854
      View Details
    • Value Estimation by Request
      19,823 SF

      1000 Matthews Ave

      DRUG STORE, PHARMACY • 19,823 SF
      1000 Matthews Ave, Jonesboro, AR 72401-4307
      View Details
    • Value Estimation
      $225,000
      2,520 SF

      2822 Nettleton Ave

      DRUG STORE, PHARMACY • 2,520 SF
      2822 Nettleton Ave, Jonesboro, AR 72401-4531
      View Details
    • Value Estimation
      $560,000
      13,510 SF

      110 Swsw Dr

      DRUG STORE, PHARMACY • 13,510 SF
      110 Swsw Dr, Jonesboro, AR 72401-5827
      View Details
    • Value Estimation
      $570,000
      1,527 SF

      765 Matthews Ave

      DRUG STORE, PHARMACY • 1,527 SF
      765 Matthews Ave, Jonesboro, AR 72401-3103
      View Details

    Similar Nearby for Sale

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      High-Visibility Retail Asset in Jonesboro

      Freestanding retail building with drive-thru in prime location.
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    • $786,206
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      Dollar General Net Lease Investment

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    Similar Nearby for Lease

    • $2,500 /Mo
      2,924 SF

      Downtown Jonesboro Corner Retail Space

      2,924 SF freestanding building on a high-visibility corner lot.
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      View Details
    • $13 SF/Yr
      7,370 SF

      Retail Space in Jonesboro, AR

      Retail space with high visibility and strong foot traffic.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $13 SF/Yr
      7,370 SF

      Retail Space in Jonesboro, AR

      Retail space with high visibility and strong foot traffic.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Ste 2 & 3, Jonesboro, AR 72401
      View Details
    • $20 SF/Yr
      5,200 SF

      Jonesboro Retail Space Available

      High-traffic retail space, 5,200 sq ft.
      3009 Highland Dr, Jonesboro, AR 72401
      View Details
    • $45 SF/Yr
      8,352 SF

      Jonesboro Retail Redevelopment Opportunity

      High-traffic location, modern retail space.
      2200 Red Wolf Blvd, Jonesboro, AR 72401
      View Details

    Property Visit Statistics

    • Visits by month
      68.7k
    • Visitors by month
      33.8k
    • Avg Time on site
      12 min
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    108 Highland Dr
    Jonesboro, AR 72401-5940
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    Realmo Value Estimation

    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.

    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.

    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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