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Property profile & analytics
OFF-MARKET
Estimated value
$28,730,000
Flex space
1601 Hwy 49b, Paragould, AR 72450-3141
Entity Owned
3-yr Hold
Free & Clear
Property ID
US05-1985814
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
408,667 SF
Lot
45.44 ac (1,979,366 SF)
APN
1004-30200-002
UPID
US05-1985814
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
-
DRiV Inc / Tenneco Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.73M
Owner & transaction history
Fnli Here In My Car LLC · 3 yrs held
Fnli Here In My Car LLC
since 2023
Last sale
$29.7M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$43.0M
+1,015.0%
Commercial (general)
$38.9M
+909.1%
Restaurant
$36.2M
+838.5%
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
$26,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$43,015,000
Change: +1,015% · Conversion: Difficult
COMMERCIAL (GENERAL)
$38,930,000
Change: +909% · Conversion: Difficult
RESTAURANT
$36,205,000
Change: +838% · Conversion: Difficult
MEDICAL BUILDING
$32,590,000
Change: +745% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,845,000
Change: +725% · Conversion: Easy
RETAIL STORES
$29,770,000
Change: +672% · Conversion: Moderate
WAREHOUSE, STORAGE
$24,395,000
Change: +532% · Conversion: Easy
Blend value · Realmo final
$28.73M
Range $25.86M – $31.60M · ±10% · vs last sale $29.71M (Jun 21 2023)
Last sale anchor
$29.71M
Jun 21 2023
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
$53,173
Tax year 2023
Assessed value
$1,155,440
Assessed 2023
Previous assessed
$1,155,440
+0.0% YoY
Effective rate
4.60%
On assessed value
Assessed land
$90,880
Assessed improvement
$1,064,560
Land market value
$454,400
Improvement market value
$5,322,800
Total market value
$5,777,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
408,667 SF
Lot
45.44 ac (1,979,366 SF)
APN
1004-30200-002
UPID
US05-1985814
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
OFFICE BUILDING
Est. value
$43.0M
COMMERCIAL (GENERAL)
Est. value
$38.9M
RESTAURANT
Est. value
$36.2M
MEDICAL BUILDING
Est. value
$32.6M
AUTO REPAIR, GARAGE
Est. value
$31.8M
RETAIL STORES
Est. value
$29.8M
WAREHOUSE, STORAGE
Est. value
$24.4M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
NONE
Cooling
Yes
Stories
1
Lot
45.44 ac
Current owner
From public records · entity-resolved
Fnli Here In My Car LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1345 AVE OF THE AMERICAS FL #46, NEW YORK, NY 10105-4302
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$29,710,932
Fnli Here In My Car LLC
Driv Automotive INC
Warranty Deed
—
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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