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

    221 Pruett St Paragould, AR 72450-3054

    • Office buildings
    • 2,108 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2049832
    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

    • Something Sweet / Coffee Shop / Bakery
    • The Graham Law Firm PLLC / Law Firm / Criminal Justice Attorney

    Property Details for 221 Pruett St

    Lot size
    0.05 lot acres
    Property size
    2,108 SF
    Property type
    Office buildings
    APN
    1550-00026-000
    APU
    155000026000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.4858
    Latitude
    36.058
    CBSA code
    37500
    CBSA name
    PARAGOULD, AR MICROPOLITAN 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
    2023
    $841
    $1,590
    $16,680
    $18,270
    -
    $7,950
    $83,400
    $91,350

    Comparable in this City

    • Value Estimation by Request
      1,393 SF

      1207 Kingshighway

      OFFICE BUILDING • 1,393 SF
      1207 Kingshighway, Paragould, AR 72450-4144
      View Details
    • Value Estimation by Request
      2,799 SF

      401 Kingshighway

      OFFICE BUILDING • 2,799 SF
      401 Kingshighway, Paragould, AR 72450-4232
      View Details
    • Value Estimation by Request
      1,480 SF

      3203 Kingshighway

      OFFICE BUILDING • 1,480 SF
      3203 Kingshighway, Paragould, AR 72450-2614
      View Details
    • Value Estimation by Request
      1,305 SF

      505 Ct St

      OFFICE BUILDING • 1,305 SF
      505 Ct St, Paragould, AR 72450-4257
      View Details
    • Value Estimation by Request
      1,400 SF

      1007 Ct St

      OFFICE BUILDING • 1,400 SF
      1007 Ct St, Paragould, AR 72450-4131
      View Details
    • Value Estimation by Request
      1,702 SF

      638 Garland St

      OFFICE BUILDING • 1,702 SF
      638 Garland St, Paragould, AR 72450-4213
      View Details

    Similar Nearby for Sale

    • $255,000
      4,200 SF

      Downtown Paragould Building and Land

      Unique 4200 SF building in revitalized downtown Paragould.
      310 S Pruett St, Paragould, AR 72450
      View Details
    • $3,099,011
      12,720 SF

      VA-Anchored Office Center in Paragould, AR

      High-NOI, Stabilized Office Investment
      2420 Linwood Dr, Paragould, AR 72450
      View Details
    • $85,000
      780 SF

      Updated Office Space in Paragould

      Charming, updated office space suitable for various professional uses.
      303 S 4Th Ave, Paragould, AR 72450
      View Details
    • $150,000
      0.41 Acres

      Linwood Commons Office Lots

      Prime Paragould Office Land
      0 Chateau Blvd, Paragould, AR 72450
      View Details
    • $679,536
      1.56 Acres

      Paragould Medical Park Outlot

      Prime Medical Office Land, Arkansas
      4000 Linwood Dr, Paragould, AR 72450
      View Details
    • $449,000
      2.52 Acres

      Land with Office Space

      Commercial land with office space in Paragould, Arkansas.
      1501 E Kingshighway, Paragould, AR 72450
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      900 SF

      Prime Office Space in Paragould

      High-visibility office space in Paragould's bustling commercial district.
      2711 W Kingshighway, Paragould, AR 72450
      View Details
    • $7 SF/Yr
      150,000 SF

      Town West Coworking Space Available

      Prime Greene County Coworking Opportunity
      2501 Kingshighway, Paragould, AR 72450
      View Details
    • $14 SF/Yr
      22,338 SF

      Village Creek Office Space for Lease

      Prime Paragould Office Building, Multiple Suites Available
      1707 Linwood Dr, Paragould, AR 72450
      View Details
    • $11 SF/Yr
      3,720 SF

      Paragould Creative Office Space

      Prime Paragould office with living quarters, ample parking.
      1011 Linwood Dr, Paragould, AR 72450
      View Details
    • $14 SF/Yr

      Prime Commercial Land on Highway

      15.6-acre commercial land with highway frontage and development potential.
      6208 Highway 49 S, Paragould, AR 72450
      View Details
    • $15 SF/Yr
      43,300 SF

      West Pointe Center Retail Space

      Paragould, AR retail space available. High traffic location.
      2900 Kingshighway, Paragould, AR 72450
      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.
    221 Pruett St
    Paragould, AR 72450-3054
    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.