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    Property profile & analytics

    1304 Jones Rd Paragould, AR 72450

    • Warehouses
    • 6,000 SF
    • 1.11 lot acres
    For Sale
    View listing
    $100,000
    Last Sale
    Jan 31, 2022
    $265,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2059590
    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

    • Warehouses

    Property Details for 1304 Jones Rd

    Year built
    2014
    Lot size
    1.11 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    1001-13120-003
    APU
    100113120003

    Description

    This exceptional 1.07-acre commercial and industrial land parcel, located at 1304 Jones Road in Paragould, Arkansas, presents a unique investment opportunity. The property, encompassing 6,000 square feet, is priced at $100,000, translating to $16.67 per square foot. Built in 2017, this vacant lot features a single, one-story building and offers significant highway frontage – over 350 feet along Highway 358. Its convenient location within the South Industrial Park provides easy access to essential utilities including Paragould Light, Water, and Cable services. The property's proximity to established businesses like Anchor Packaging and Highway 49 further enhances its appeal. The property is classified as Class B and is offered under a gross lease type. This is a single-unit property, ideal for a variety of commercial or industrial uses. The lot size is 1.07 acres, offering ample space for development or expansion. This is a vacant property ready for immediate development. The zip code is 72450, and the property is situated in Greene County, Arkansas. This prime location and attractive price point make this an exceptional opportunity for investors and businesses seeking a strategic foothold in a thriving industrial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $245,000
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $181,000
      Market price range: $86.2k - $215k
      AI Estimate
      $407,000
      Market price range: $141k - $564k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $160,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.5038
    Latitude
    36.0231
    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
    $1,428
    $9,650
    $21,460
    $31,110
    -
    $48,250
    $107,300
    $155,550

    Comparable in this City

    • Value Estimation
      $240,000
      6,044 SF

      1207 Kingshighway

      WAREHOUSE, STORAGE • 6,044 SF
      1207 Kingshighway, Paragould, AR 72450-4144
      View Details
    • Value Estimation
      $260,000
      1,500 SF

      2305 Lk St

      WAREHOUSE, STORAGE • 1,500 SF
      2305 Lk St, Paragould, AR 72450-4775
      View Details
    • Value Estimation
      $155,000
      1,800 SF

      1441 Greene 808th Rd

      WAREHOUSE, STORAGE • 1,800 SF
      1441 Greene 808th Rd, Paragould, AR 72450-9531
      View Details
    • Value Estimation
      $245,000
      2,856 SF

      4190 Greene 920th Rd

      WAREHOUSE, STORAGE • 2,856 SF
      4190 Greene 920th Rd, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      1,350 SF

      3250 Greene 715th Rd

      WAREHOUSE, STORAGE • 1,350 SF
      3250 Greene 715th Rd, Paragould, AR 72450
      View Details
    • Value Estimation by Request
      3,182 SF

      Greene 835th Rd

      WAREHOUSE, STORAGE • 3,182 SF
      Greene 835th Rd, Paragould, AR 72450
      View Details

    Similar Nearby for Sale

    • $119,000
      1,800 SF

      Shop on Acre Lot

      1800 SF shop on nearly an acre lot.
      2819 Highway 49 N, Paragould, AR 72450
      View Details
    • $385,000
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      Versatile Commercial Property on Highway

      4,000 sq ft commercial property on 8+ acres.
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    • $425,000
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      Prime Paragould Industrial Property

      7,000 SF Warehouse/Manufacturing Space
      1501 Kingshighway, Paragould, AR 72450
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    • $900,000
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      Versatile Industrial Property in Paragould

      Mix of office, showroom, and warehouse space near US 412.
      1305 Carroll Rd, Paragould, AR 72450
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    • $964,700
      26,798 SF

      1305 Carroll Rd, Paragould, AR 72450

      Industrial properties • 26,798 SF
      1305 Carroll Rd, Paragould, AR 72450
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    • $100,000
      1.07 Acres

      Jones Road Commercial Land Parcel

      1.07-Acre Vacant Industrial Lot, $100K
      1304 Jones Rd, 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
    • $11 SF/Yr
      3,720 SF

      Paragould Creative Office Space

      Prime Paragould office with living quarters, ample parking.
      1011 Linwood Dr, Paragould, AR 72450
      View Details
    • $12,700 /Mo
      19,026 SF

      Retail Space in Paragould Plaza

      Retail space available in a busy Paragould shopping center.
      1723 W Kingshighway, 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 SF/Yr
      150,000 SF

      Town West Coworking Space Available

      Prime Greene County Coworking Opportunity
      2501 Kingshighway, Paragould, AR 72450
      View Details
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    1304 Jones Rd
    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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