New search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Drive through restaurants
1515 Kingshighway, Paragould, AR 72450-4010
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-1898598
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Total area
6,124 SF
Lot
1.09 ac (47,480 SF)
APN
1002-36340-001
UPID
US05-1898598
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
-
Elite Eyecare & Optical Physician
-
Dr. William Inboden Physician
-
Angela Howell Physician
-
Dr. Cade Wilson Physician
-
William Zachery Inboden Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Elite 412 Real Estate LLC · 9 yrs held
Elite 412 Real Estate LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$645,000
+18.8%
Commercial (general)
$585,000
+7.5%
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
RESTAURANT
$545,000
Current use
OFFICE BUILDING
$645,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$585,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$490,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$445,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$95 / 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
$11,950
Tax year 2023
Assessed value
$380,570
Assessed 2023
Previous assessed
$380,570
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$104,460
Assessed improvement
$276,110
Land market value
$522,300
Improvement market value
$1,380,550
Total market value
$1,902,850
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,124 SF
Lot
1.09 ac (47,480 SF)
APN
1002-36340-001
UPID
US05-1898598
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
RESTAURANT Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$585,000
MEDICAL BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RETAIL STORES
Est. value
$445,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2018
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Elite 412 Real Estate LLC
Entity
Mailing address
1000 WINDOVER RD STE C, JONESBORO, AR 72401-6067
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
—
Elite 412 Real Estate LLC
—
Deed
related
$2,206,711 · Forrest City Bank NA
Jul 1, 2020
—
Elite 412 Real Estate LLC
—
Deed
related
$1,770,706 · Forrest City Bank NA
Dec 27, 2018
—
Elite 412 Real Estate LLC
—
Deed
related
$1,852,400 · Fnbc Bank
Sep 25, 2018
—
Elite 412 Real Estate LLC
—
Deed
related
$150,000 · Southern Bank
Oct 12, 2017
—
Elite 412 Real Estate LLC
—
Deed
related
$1,700,000 · Southern Bank
Jun 23, 2017
$600,000
Elite 412 Real Estate LLC
Nisar Khan Pathan
Warranty Deed
$445,000 · Southern Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1515 Kingshighway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
