Sign Up Successful!
You now have access to more from Realmo!
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

    2010 Caraway Rd Jonesboro, AR 72401

    • Warehouses
    • 88,669 SF
    • 7.00 lot acres
    For Sale
    View listing
    $26,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0972731
    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

    • Bargain Hunt / Discount Store
    • AMVETS Drop Box Only / Donations Center

    Property Details for 2010 Caraway Rd

    Lot size
    7.00 lot acres
    Property size
    88,669 SF
    Property type
    Warehouses
    APN
    01-144282-00700
    APU
    114428200700

    Description

    Highland Square Shopping Center presents a unique opportunity for retailers seeking high-visibility space in Jonesboro's primary commercial hub. This established shopping center, located at the signalized intersection of Highland Drive and Caraway Road, boasts daily exposure to over 44,000 vehicles. The 21+ acre property includes a 192,537 square foot retail center, featuring a diverse mix of established tenants such as Cato Fashions, Barton's Home Improvement, Sally's Beauty Supply, and Trees 'N Trends. Recent additions include Ross, Michael's, Bargain Hunt, and Play It Again Sports, demonstrating the center's continued growth and appeal. Four restaurant outparcels, occupied by Taco Bell, KFC, Golden Corral, and Freddy's Frozen Custard & Steakburgers, further enhance the property's draw. Two retail spaces are currently available, offering 3,500 and 9,917 square feet respectively, providing flexibility for various business needs. The ample parking and expansive site offer significant potential for future expansion or additional development. The center's strategic location between a Walmart Supercenter and the former Mall at Turtle Creek, along with its proximity to Kroger Marketplace, Sam's Club, Hobby Lobby, Burlington Coat Factory, and Lowe's, and less than ¾ of a mile from Interstate 555, ensures high traffic and strong consumer demographics. This is an exceptional opportunity to establish a presence in a thriving retail environment with a proven track record of success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6764
    Latitude
    35.8205
    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
    $34,463
    $440,166
    $560,477
    $1,000,643
    -
    $2,200,830
    $2,802,385
    $5,003,215

    Comparable in this City

    • Value Estimation by Request
      45,000 SF

      6515 C W Post Rd

      Distribution properties • 45,000 SF
      6515 C W Post Rd, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $630,000
      27,500 SF

      Jonesboro, AR 72401

      WAREHOUSE, STORAGE • 27,500 SF
      Jonesboro, AR 72401
      View Details
    • Value Estimation
      $275,000
      2,040 SF

      208 Frnt St

      WAREHOUSE, STORAGE • 2,040 SF
      208 Frnt St, Jonesboro, AR 72401-2016
      View Details
    • Value Estimation
      $205,000
      6,000 SF

      310 Frnt St

      WAREHOUSE, STORAGE • 6,000 SF
      310 Frnt St, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $265,000
      9,260 SF

      642 Johnson Ave

      WAREHOUSE, STORAGE • 9,260 SF
      642 Johnson Ave, Jonesboro, AR 72401-1930
      View Details
    • Value Estimation
      $255,000
      3,272 SF

      512 Culberhouse St

      WAREHOUSE, STORAGE • 3,272 SF
      512 Culberhouse St, Jonesboro, AR 72401-1690
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $730,000
      7,944 SF

      Jonesboro Mixed-Use Property For Sale

      Mixed-use property with warehouse and income-producing apartments in high-visibility area.
      301 Belmont St, Jonesboro, AR 72401
      View Details
    • $199,000
      1,200 SF

      Jonesboro Warehouse For Sale

      Metal warehouse building on .27 acres, great location.
      5705 E Nettleton Ave, Jonesboro, AR 72401
      View Details
    • $219,000
      3,500 SF

      Jonesboro Warehouse on 3 Acres

      3,500 SF warehouse on 3 acres in Jonesboro, Arkansas.
      100 N Culberhouse St, 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
    • Contact for pricing
      6,000 SF

      Versatile Industrial Space in Jonesboro

      6,000 SF industrial space with office and warehouse components.
      310 Reeves 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
    • $4,020 /Mo
      6,000 SF

      Jonesboro Flex Space For Lease

      6,000 SF flex space with office and warehouse components.
      310 Reeves St, Jonesboro, AR 72401
      View Details
    • $4,500 /Mo
      4,526 SF

      New Commercial Space in Jonesboro

      New commercial space suitable for warehouse or office use.
      3110 Fox Rd, Jonesboro, AR 72401
      View Details
    • $7 SF/Yr
      15,000 SF

      Modern Warehouse Space Available

      7,000 SF Industrial Sublease in Craighead County
      2504 Dr M.l.k. Jr Dr, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      800 SF

      Jonesboro Commercial Property For Lease

      Versatile commercial property suitable for various business purposes.
      1202 Falls St, Jonesboro, AR 72401
      View Details
    • $4 SF/Yr
      16,560 SF

      Warehouse and Office Space Available

      16,560 SF mixed warehouse and office space for lease.
      511 Wilson 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.
    2010 Caraway Rd
    Jonesboro, AR 72401
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.