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    Property profile & analytics

    201 Johnson Ave Jonesboro, AR 72401-2014

    • Retail space
    • 3,104 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1336239
    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

    • O'Reilly Auto Parts / Car Stereo Store / Motorcycle Parts Store

    Property Details for 201 Johnson Ave

    Year built
    2002
    Lot size
    0.82 lot acres
    Property size
    3,104 SF
    Property type
    Retail space
    APN
    01-144181-36400
    APU
    114418136400

    Description

    This exceptional investment opportunity presents a single-story, 6,575 square foot O'Reilly Auto Parts retail building located at 201 E Johnson Ave, Jonesboro, AR 72401. Built in 2002, the property boasts a 100% occupancy rate with a strong, established tenant. O'Reilly Auto Parts has demonstrated a long-term commitment, with a lease extending through 2034, showcasing their consistent success at this location. The property offers a compelling 6.25% cap rate and a net operating income (NOI) of $63,780, significantly below the average rent for comparable O'Reilly Auto Parts locations. The asking price is $1,020,480, translating to $155 per square foot. The property benefits from high visibility due to its strategic location on E Johnson Ave (19,400 VPD) and proximity to E Main St (15,000 VPD), leading to downtown Jonesboro and Arkansas State University. Furthermore, the property features a recently reinforced roof (2019) with a remaining 10-year warranty, minimizing immediate maintenance concerns. The tenant handles all property taxes and insurance, making this a largely passive investment opportunity. O'Reilly Auto Parts' impressive revenue growth (nearly 10% annually since 2019) and strong stock performance further solidify this investment's potential. This is a rare chance to acquire a well-positioned, high-performing retail asset with a secure, long-term tenant in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $302,000
      Market price range: $93.7k - $345k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.7034
    Latitude
    35.8449
    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
    $3,467
    $28,621
    $53,534
    $82,155
    -
    $143,105
    $267,670
    $410,775

    Comparable in this City

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      864 SF

      218 Un St

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      218 Un St, Jonesboro, AR 72401-2851
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    • Value Estimation
      $270,000
      11,750 SF

      311 Church St

      RETAIL STORES (PERSONAL SERVICES) • 11,750 SF
      311 Church St, Jonesboro, AR 72401-2913
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    • Value Estimation
      $275,000
      1,916 SF

      1103 Gee St

      RETAIL STORES (PERSONAL SERVICES) • 1,916 SF
      1103 Gee St, Jonesboro, AR 72401-3840
      View Details
    • Value Estimation
      $275,000
      3,000 SF

      1001 Johnson Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      1001 Johnson Ave, Jonesboro, AR 72401-2231
      View Details
    • Value Estimation
      $270,000
      2,338 SF

      1010 Johnson Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,338 SF
      1010 Johnson Ave, Jonesboro, AR 72401-2230
      View Details

    Similar Nearby for Sale

    • $750,000
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      Prime Jonesboro Storefront Opportunity

      High-traffic corner lot, updated storefront.
      316 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $3,000,000
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      Jonesboro Retail Space - $3M

      Prime Jonesboro location, 26,750 SF, high traffic.
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    • $5,000,000
      14,590 SF

      High-Visibility Retail Asset in Jonesboro

      Freestanding retail building with drive-thru in prime location.
      1330 S Caraway Rd, Jonesboro, AR 72401
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    • New
      $275,000
      0.21 Acres

      Prime Development Opportunity in Jonesboro

      9,000 SF lot in the Downtown Jonesboro Entertainment District.
      238 Union St, Jonesboro, AR 72401
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    • $786,206
      8,000 SF

      Dollar General Net Lease Investment

      High-Yield Jonesboro Retail Property
      101 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $669,000
      3,538 SF

      Retail Corner in Jonesboro, AR

      Retail property in high-traffic location near established neighborhoods.
      533 W Nettleton Ave, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,200 SF

      Jonesboro Retail Space Available

      High-traffic retail space, 5,200 sq ft.
      3009 Highland Dr, Jonesboro, AR 72401
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    • $45 SF/Yr
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      Jonesboro Retail Redevelopment Opportunity

      High-traffic location, modern retail space.
      2200 Red Wolf Blvd, Jonesboro, AR 72401
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    • $38 SF/Yr
      1,500 SF

      High Profile Retail Space Available

      Prime retail space with high traffic exposure in Jonesboro, AR.
      2203 Red Wolf Blvd, Jonesboro, AR 72401
      View Details
    • $14 SF/Yr
      1,275 SF

      High-Visibility Retail Space in Jonesboro

      Retail space with high traffic and build-out options available.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $14 SF/Yr
      1,275 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $30 SF/Yr
      10,000 SF

      New Retail Center on Highway

      New construction retail center with frontage on Highway 49.
      5900 Highway 49 N, Jonesboro, AR 72401
      View Details
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    201 Johnson Ave
    Jonesboro, AR 72401-2014
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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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