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    Property profile & analytics

    2407 Phillips Dr Jonesboro, AR 72401-7310

    • Hotels
    • 50,594 SF
    • 3.83 lot acres
    OFF-MARKET
    Value Estimation
    $6,485,000
    Last Sale
    Nov 17, 2022
    $7,250,000
    Location Intelligence
    Property ID
    US05-1360524
    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

    • Jonesboro Inn and Suites / Hotel
    • La Quinta Inn & Suites by Wyndham Jonesboro / Hotel / Inn

    Property Details for 2407 Phillips Dr

    Lot size
    3.83 lot acres
    Property size
    50,594 SF
    Property type
    Hotels
    APN
    01-144283-03801
    APU
    114428303801

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,230,000
      6.5%
      $7,610,000
      7%
      $7,855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,275,000
      Geo Method
      $6,665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,435,000
      Retail
      $8,165,000
      Mixed-Use
      $8,595,000
      Hospitality
      $6,665,000
      Educational
      $6,810,000
      Residential Income
      $7,650,000
      Energy
      $7,730,000
      Income-Based Land
      $6,250,000
      Food Service
      $6,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6759
    Latitude
    35.8081
    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
    $42,061
    $211,716
    $663,646
    $875,362
    -
    $1,058,580
    $3,318,230
    $4,376,810

    Comparable in this City

    • Value Estimation by Request
      45,833 SF

      3408 Access Rd

      HOTEL • 45,833 SF
      3408 Access Rd, Jonesboro, AR 72401-7314
      View Details
    • Value Estimation by Request
      78,957 SF

      2840 Caraway Rd

      HOTEL • 78,957 SF
      2840 Caraway Rd, Jonesboro, AR 72401-7325
      View Details
    • Value Estimation by Request
      79,649 SF

      Sumo Loop

      HOTEL • 79,649 SF
      Sumo Loop, Jonesboro, AR 72401
      View Details
    • Value Estimation
      $1,745,000
      47,764 SF

      3404 Access Rd

      HOTEL • 47,764 SF
      3404 Access Rd, Jonesboro, AR 72401-7314
      View Details
    • Value Estimation
      $815,000
      42,087 SF

      2400 Phillips Dr

      HOTEL • 42,087 SF
      2400 Phillips Dr, Jonesboro, AR 72401-7309
      View Details
    • Value Estimation
      $670,000
      31,614 SF

      2900 Phillips Dr

      HOTEL • 31,614 SF
      2900 Phillips Dr, Jonesboro, AR 72401-7340
      View Details

    Similar Nearby for Sale

    • $425,000
      1.00 Acre

      Jonesboro Commercial Land - 1 Acre

      Prime 1-acre commercial lot, ideal build-to-suit.
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    • $19,500,000
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      I-555 Industrial Land Tract 1

      Jonesboro, AR: Prime Industrial Land
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    • $1,036,728
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      I-555 Hotel Development Land

      Jonesboro, AR: Prime 2.38-acre lot.
      3410 Access Rd, Jonesboro, AR 72401
      View Details
    • $360,000
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      Prime Jonesboro Commercial Land

      High-traffic corner lot, C-3 zoned.
      5441 Nettleton Ave, Jonesboro, AR 72401
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    • $870,000
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      Drake Street Apartments: Jonesboro, AR

      Six-unit multifamily investment opportunity.
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    • $775,000
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      Jonesboro Industrial Land - 17 Acres

      Prime Jonesboro industrial tract, I-2 zoning, city utilities.
      0 Floyd St, Jonesboro, AR 72401
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    Similar Nearby for Lease

    • $3,000 /Mo
      2,700 SF

      Professional Office Space in Jonesboro

      2,700 SF office space with recent upgrades and ample parking.
      1707 Stone St, Jonesboro, AR 72401
      View Details
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong traffic and custom build-out options.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $20 SF/Yr
      6,300 SF

      Downtown Jonesboro Flexible Space

      Flexible space in the heart of Downtown Jonesboro.
      411 W Washington Ave, Jonesboro, AR 72401
      View Details
    • $12 SF/Yr
      35,719 SF

      Jonesboro Retail Space Available

      High-traffic location, build-to-suit options.
      104 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $40,217
      104,544 SF

      Jonesboro Medical Office Park

      Executive suites, prime location.
      2097 Bridger Rd, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      6,600 SF

      Hilltop Medical/Office Space For Lease

      Jonesboro, AR: 3,600 SF Available
      3637 Johnson Ave, Jonesboro, AR 72401
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      1.3k
    • Avg Time on site
      454 min
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    Jonesboro, AR 72401-7310
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    Realmo Value Estimation

    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.

    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.

    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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