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    195 Crain Rd Brookland, AR 72417
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    195 Crain Rd Brookland, AR 72417

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    • Land
    For Sale
    $1,150,000
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    29 Acre Development Tract For Sale
    $1,150,000

    29 Acre Development Tract

    Prime development land in fast-growing Brookland, Arkansas.

    195 Crain Rd, Brookland, AR 72417
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    Property ID
    US05-2353094
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 195 Crain Rd

    Property type
    Land

    Description

    Brookland is situated directly in between Jonesboro and Paragould and is one of the fast growing cities in Arkansas, with it's population doubling in the past 4 years alone. The school systems has evolved into one of the fastest growing schools in Arkansas. This 29 acre tract is primed for development featuring over 770 linear feet of frontage on Highway 49. Highway 49 carries over 27,000 cars per day, giving this tract prime exposure. The massive growth this community is currently experiencing can be attributed to several factors. Brookland is uniquely located along Highway 49 between Jonesboro and Paragould. The opening of the new $500 million NEA Baptist Healthcare System has created an economic boom along the Highway 49 corridor north of Jonesboro. The majority of all development money spent in Paragould is focused in it's southern region. As more and more families desire to live on the outskirts of both of these cities, they are getting pushed further and further out, landing them in Brookland. As a result, the school district is growing, several new housing developments are being constructed, and the city is needing to expand their borders.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookland
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.596974
    Latitude
    35.884035

    Comparable in this City

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      Brookland Acreage with Income Potential

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    • $199,000
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      Brookland Acreage on County Line

      10 acres available on the Craighead and Greene County line.
      10 Acres 761 Rd, Brookland, AR 72417
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      40 Acres Development Opportunity

      40 acres of land suitable for residential or commercial development.
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    • $634,250

      Land For Sale Brookland

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    • $275,000
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      Commercial Lot in Brookland, AR

      Centrally located commercial lot near key businesses and schools.
      195 N Oak St, Brookland, AR 72417
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    • $871,200
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      Brookland Commercial Lot For Sale

      Prime commercial lot in high-growth Brookland, Arkansas.
      8140 S 49 Hwy, Brookland, AR 72417
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    Similar Nearby for Sale

    • $994,500
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      Brookland Acreage with Income Potential

      42.82 acres with income and development potential in Brookland.
      48 +/- Ac County Rd 936, Brookland, AR 72417
      View Details
    • $199,000
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      Brookland Acreage on County Line

      10 acres available on the Craighead and Greene County line.
      10 Acres 761 Rd, Brookland, AR 72417
      View Details
    • Contact for pricing

      40 Acres Development Opportunity

      40 acres of land suitable for residential or commercial development.
      1295 Stevens St, Brookland, AR 72417
      View Details
    • $634,250

      Land For Sale Brookland

      Land available on Highway 49 in Brookland, Arkansas.
      10506 Highway 49 N, Brookland, AR 72417
      View Details
    • $275,000
      1.00 Acre

      Commercial Lot in Brookland, AR

      Centrally located commercial lot near key businesses and schools.
      195 N Oak St, Brookland, AR 72417
      View Details
    • $871,200
      2.00 Acres

      Brookland Commercial Lot For Sale

      Prime commercial lot in high-growth Brookland, Arkansas.
      8140 S 49 Hwy, Brookland, AR 72417
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      4,800 SF

      Versatile Commercial Space on Highway

      4,800 sq ft commercial space on Highway 49, Brookland, AR
      8288 Highway 49, Brookland, AR 72417
      View Details
    • $5,000 /Mo
      4,800 SF

      Highway 49 Commercial Flex Space

      Versatile commercial space on a rapidly growing highway corridor.
      8288 Highway 49, Brookland, AR 72417
      View Details
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    Brookland, AR 72417
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    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
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