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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    249 Main St Jonesboro, AR 72401-2908

    • Individual retail properties
    • 4,350 SF
    OFF-MARKET
    Value Estimations
    $500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1193487
    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

    • Stricker Law Firm / Law Firm
    • Downtown Medicine and Spa / Spa & Massage Center / Alternative Medicine Practice
    • Wildflower Boutique / Clothing Store
    • Mercantile Bank Building / Bank / Loan Service

    Property Details for 249 Main St

    Property size
    4,350 SF
    Property type
    Individual retail properties
    APN
    01-144183-52500
    APU
    114418352500

    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
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.7052
    Latitude
    35.8405
    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
    $5,341
    $6,075
    $120,491
    $126,566
    -
    $30,375
    $602,455
    $632,830

    Comparable in this City

    • Value Estimation by Request
      1,184 SF

      2900 Nettleton Ave

      BARBER, HAIR SALON • 1,184 SF
      2900 Nettleton Ave, Jonesboro, AR 72401-4533
      View Details
    • Value Estimation by Request
      6,000 SF

      3418 Nettleton Ave

      DRY CLEANER • 6,000 SF
      3418 Nettleton Ave, Jonesboro, AR 72401-5522
      View Details
    • Value Estimation by Request
      3,000 SF

      2404 Matthews Ave

      LAUNDROMAT (SELF-SERVICE) • 3,000 SF
      2404 Matthews Ave, Jonesboro, AR 72401-4416
      View Details
    • Value Estimation
      $1,175,000
      6,800 SF

      311 Main St

      BARBER, HAIR SALON • 6,800 SF
      311 Main St, Jonesboro, AR 72401-2910
      View Details
    • Value Estimation by Request
      5,610 SF

      2204 Fowler Ave

      GYM, HEALTH SPA • 5,610 SF
      2204 Fowler Ave, Jonesboro, AR 72401-6115
      View Details
    • Value Estimation by Request
      3,963 SF

      900 Gee St

      BARBER, HAIR SALON • 3,963 SF
      900 Gee St, Jonesboro, AR 72401-3805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,848 SF

      Family Dollar Storefront in Jonesboro

      Family Dollar store with minimal landlord responsibilities in Jonesboro, AR.
      106 S Gee St, Jonesboro, AR 72401
      View Details
    • $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
    • $3,000,000
      26,750 SF

      Jonesboro Retail Space - $3M

      Prime Jonesboro location, 26,750 SF, high traffic.
      2839 Race St, Jonesboro, AR 72401
      View Details
    • $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
      View Details
    • $1,999,000
      12,000 SF

      Jonesboro Mixed-Use Retail Opportunity

      High-visibility mixed-use property in active Jonesboro trade area.
      1421 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $2,250,000
      20,000 SF

      Versatile Mixed-Use Building in Jonesboro

      Multi-level commercial building with income potential in historic downtown.
      311 S Main St, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      4,500 SF

      Retail Space in High Traffic Area

      Retail space for lease in a high-traffic commercial zone.
      2213 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $16 SF/Yr
      6,222 SF

      Retail Space in Jonesboro, AR

      Prime retail location with high visibility and traffic.
      1421 S Caraway Ste B Rd, Jonesboro, AR 72401
      View Details
    • $5,000 /Mo
      8,000 SF

      Commercial Building For Lease

      Commercial building for lease in Jonesboro, AR. Former Dollar General.
      5900 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • $14 SF/Yr
      1,275 SF

      Retail/Office Space in Jonesboro, AR

      High-visibility retail/office space with strong foot traffic in Jonesboro.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      5,120 SF

      Prime Retail Space Available

      5,120 SF suite in high-traffic retail corridor.
      2608 Fair Park Blvd, Jonesboro, AR 72401
      View Details
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    249 Main St
    Jonesboro, AR 72401-2908
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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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