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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
1605 Nettleton Ave, Jonesboro, AR 72401-3745
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US05-1216102
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
3,420 SF
APN
01-143243-15600
UPID
US05-1216102
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
-
Poe Hypnotherapy Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
James Allen Poe · 1 yrs held
James Allen Poe
since 2024
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$460,000
+19.4%
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 Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro 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
$615,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $615k (Oct 3 2024)
Last sale anchor
$615k
Oct 3 2024
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
$180 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$943
Tax year 2024
Assessed value
$26,882
Assessed 2024
Previous assessed
$26,882
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$3,000
Assessed improvement
$23,882
Land market value
$15,000
Improvement market value
$119,410
Total market value
$134,410
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
2
Total area
3,420 SF
APN
01-143243-15600
UPID
US05-1216102
Jurisdiction
CRAIGHEAD
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 Current
Est. value
$385,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2
Current owner
From public records · entity-resolved
James Allen Poe
Individual
Mailing address
1605 W NETTLETON AVE JONESBORO
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
James Allen Poe
James Larry Poe
Beneficiary Deed
related
—
Nov 15, 2021
—
James L Poe
—
Deed
related
$127,400 · Rocket Mortgage LLC
Dec 13, 2019
$615,000
Cmu Investments LLC
District Development LLC
Warranty Deed
—
Oct 3, 2019
—
James L Poe
—
Deed
related
$6,000 · Centennial Bank
Sep 18, 2013
$149,000
James L Poe
Brian Ford Construction INC
Warranty Deed
$134,000 · Liberty Bank Of Arkansas
Feb 7, 2011
$50,000
Brian Ford Construction INC
Tom Waleszonia
Warranty Deed
$100,000 · Liberty Bank Of Arkansas
Nov 5, 2010
$32,000
Tom Waleszonia
Hsbc Bank USA NA
Special Warranty Deed
$100,000 · Liberty Bank Of Arkansas
Jul 28, 2010
$78,734
Hsbc Bank USA NA
Glen Mack Irvin
Foreclosure
related
—
Feb 17, 2006
—
Glen Mack Irvin
Glen Mack Irvin
Intrafamily Transfer
related
—
Feb 15, 2006
—
Glen Mack Irvin
Paulette Wessell
Intrafamily Transfer
related
—
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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