Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1919 County Rd 333 Jonesboro, AR 72401-0432

    • High-rise multifamily apartments
    • 13,900 SF
    • 7.36 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1028021
    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

    • High-rise multifamily apartments

    Property Details for 1919 County Rd 333

    Construction
    FRAME
    Lot size
    7.36 lot acres
    Property size
    13,900 SF
    Property type
    High-rise multifamily apartments
    APN
    12-153334-01100
    APU
    1215333401100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $841,000
      Market price range: $841k - $1.40M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,030,000
      Current use
      RESTAURANT
      $1,320,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $1,120,000
      Change: +8% Conversion: Moderate
      RETAIL STORES
      $925,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $915,000
      Change: -11% Conversion: Moderate
      MEDICAL BUILDING
      $850,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.7677
    Latitude
    35.8837
    CBSA code
    27860
    CBSA name
    JONESBORO, AR METROPOLITAN 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
    2024
    $1,957
    $1,717
    $34,857
    $36,574
    -
    $8,585
    $174,285
    $182,870

    Comparable in this City

    • Value Estimation by Request
      714 SF

      237 Main St, Unit UC

      HIGH-RISE APARTMENTS • 714 SF
      237 Main St, Jonesboro, AR 72401-2908
      View Details
    • Value Estimation by Request
      2,308 SF

      521 Oak Ave

      HIGH-RISE APARTMENTS • 2,308 SF
      521 Oak Ave, Jonesboro, AR 72401-4249
      View Details
    • Value Estimation by Request
      3,750 SF

      219 Main St

      HIGH-RISE APARTMENTS • 3,750 SF
      219 Main St, Jonesboro, AR 72401-2908
      View Details
    • Value Estimation by Request
      955 SF

      237 Main St, Unit UD

      HIGH-RISE APARTMENTS • 955 SF
      237 Main St, Jonesboro, AR 72401-2908
      View Details
    • Value Estimation by Request
      1,760 SF

      601 Cherry Ave

      HIGH-RISE APARTMENTS • 1,760 SF
      601 Cherry Ave, Jonesboro, AR 72401-4216
      View Details
    • Value Estimation by Request
      2,658 SF

      1601 Aggie Rd

      HIGH-RISE APARTMENTS • 2,658 SF
      1601 Aggie Rd, Jonesboro, AR 72401-2215
      View Details

    Similar Nearby for Sale

    • $685,000
      7,410 SF

      Jonesboro Multifamily Investment Opportunity

      Nine-unit apartment complex near Arkansas State University.
      1700 Pineview St, Jonesboro, AR 72401
      View Details
    • $895,900
      1,980 SF

      Turnkey Apartment Investment Opportunity

      Well-maintained 2 bed, 1 bath apartments in Jonesboro, AR.
      1012 N Main St, Jonesboro, AR 72401
      View Details
    • $650,000
      5,362 SF

      Jonesboro Apartments: Investment Opportunity

      All brick, six-unit apartment building in Jonesboro, Arkansas.
      319 Scott St, Jonesboro, AR 72401
      View Details
    • $4,400,000

      Jonesboro Apartment Complex: Value-Add Opportunity

      48 Units, 92% Occupancy, High ROI Potential
      1906 Matthews Ave, Jonesboro, AR 72401
      View Details
    • $730,000
      7,944 SF

      Jonesboro Building with Income Potential

      Centrally located building with warehouse space and income-producing apartments.
      301 Belmont St, Jonesboro, AR 72401
      View Details
    • $870,000
      0.51 Acres

      Drake Street Apartments: Jonesboro, AR

      Six-unit multifamily investment opportunity.
      316 Drake St, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      45,000 SF

      Jonesboro AR Warehouse Space

      13,500 SF Warehouse - Immediate Occupancy
      6515 C W Post Rd, Jonesboro, AR 72401
      View Details
    • New
      $6,500 /Mo
      8,148 SF

      Jonesboro Office Space For Rent

      Office space available for lease in Jonesboro, Arkansas.
      1217 Stone St, Jonesboro, AR 72401
      View Details
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Ste 2 & 3, Jonesboro, AR 72401
      View Details
    • $13 SF/Yr
      7,370 SF

      Retail Space in Jonesboro, AR

      Retail space with high visibility and strong foot traffic.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      2,924 SF

      Downtown Jonesboro Corner Retail Space

      2,924 SF freestanding building on a high-visibility corner lot.
      101 E Forrest St, Jonesboro, AR 72401
      View Details
    • $1,000 /Mo
      1,500 SF

      Jonesboro Warehouse with Loading Dock

      1,500 SF warehouse space with loading dock access.
      310 Reeves St, Jonesboro, AR 72401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1919 County Rd 333
    Jonesboro, AR 72401-0432
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!