Property profile

2400 Dr Martin Luther King Jr Dr Jonesboro, AR 72401

OFF-MARKET
Auto shops
Property ID
US05-1320014
6,000 SF 2.05 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Total area 6,000 SF
Lot 2.05 ac (89,298 SF)
APN 01-144252-04000
UPID US05-1320014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 Dr Martin Luther King Jr Dr Jonesboro, AR 72401-9228
Jonesboro metro Census 502 JONESBORO, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
$825k
Blend (final) Blend
$825k

Owner & transaction history

since 2024
Last sale
$825,000
1 recorded transaction
2024
$825,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.2M +146.3%
Neighborhood: shopping center $805,000 +62.0%
Office building $675,000 +35.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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