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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Drug stores
1501 Kingshighway, Paragould, AR 72450-4010
Entity Owned
Free & Clear
Property ID
US05-1934348
Property summary
AI-generated overview
This exceptional industrial property, located at 1501 E Kingshighway in Paragould, Arkansas, presents a significant opportunity for businesses seeking a substantial footprint. The property boasts a generous 7,000 square feet of building space, ideal for a variety of industrial uses. The expansive lot size of approximately 2.52 acres provides ample room for expansion, storage, or outdoor operations. The property's C3 zoning designation offers flexibility for a range of commercial and industrial activities. This prime location in Paragould offers convenient access to major transportation routes, ensuring efficient logistics and distribution. The property is priced competitively at $425,000, representing excellent value for its size, location, and zoning potential. Serious inquiries are encouraged to explore the possibilities this versatile industrial property offers. The property is ready for immediate occupancy, allowing for a swift transition to your operations. Don't miss this chance to secure a substantial industrial space in a thriving Arkansas community. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2015
Construction
FRAME
Total area
13,340 SF
Lot
1.48 ac (64,469 SF)
APN
1453-00056-000
UPID
US05-1934348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
LibertyX Bitcoin ATM Atm
-
CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
DRZ PAR AR LLC
DRZ PAR AR LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+44.5%
Commercial (general)
$1.3M
+30.8%
Restaurant
$1.2M
+21.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Paragould submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paragould submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Current use
OFFICE BUILDING
$1,405,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,270,000
Change: +31% · Conversion: Easy
RESTAURANT
$1,180,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,065,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,040,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$795,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,312
Tax year 2023
Assessed value
$571,760
Assessed 2023
Previous assessed
$571,770
0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$141,830
Assessed improvement
$429,930
Land market value
$709,150
Improvement market value
$2,149,650
Total market value
$2,858,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
13,340 SF
Lot
1.48 ac (64,469 SF)
APN
1453-00056-000
UPID
US05-1934348
Jurisdiction
GREENE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$970,000
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$795,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
DRZ PAR AR LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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