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    2617 Church St Jonesboro, AR 72401
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    Property profile & analytics

    2617 Church St Jonesboro, AR 72401

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    • Small apartment buildings
    • 2.00 lot acres
    Off-Market
    Property ID
    US05-1388309
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 2617 Church St

    Lot size
    2.00 lot acres
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a 2-acre lot in Jonesboro, Arkansas, ideally situated at 2617 N Church, zip code 72401. The property is classified as multifamily and commercial, encompassing a 10-unit mobile home park. Currently, there are no traditional apartment units on the site. The asking price for this property is $259,900. Located in Craighead County, this property offers significant potential for investors seeking a foothold in the Jonesboro market. The substantial 2-acre lot provides ample space for future development or expansion of the existing mobile home park. Detailed financial information is available upon request. This is a rare chance to acquire a well-positioned multifamily asset with considerable upside potential in a growing Arkansas community. The property's location at 35.874396 latitude and -90.70323 longitude offers easy access to local amenities and transportation routes. This turnkey investment is ready for a new owner to capitalize on its existing income stream and explore further development possibilities. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.70323
    Latitude
    35.874396

    Comparable in this City

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      Jonesboro Multifamily Investment Opportunity

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      Jonesboro Multifamily Investment Opportunity

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      Jonesboro Apartments Near Employers

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      Jonesboro Building with Income Potential

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    Similar Nearby for Sale

    • $730,000
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      Jonesboro Flex Space For Sale

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    • $635,000
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      Jonesboro Multifamily Investment Opportunity

      Nine-unit apartment complex near Arkansas State University.
      1700 Pineview St, Jonesboro, AR 72401
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    • $4,750,000
      40,000 SF

      Jonesboro Apartments Near Employers

      Apartment complex near major employers with recent renovations.
      1906 W Matthews Ave, Jonesboro, AR 72401
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    • $730,000
      7,944 SF

      Jonesboro Building with Income Potential

      Warehouse with apartments and additional land in high-visibility area.
      301 Belmont St, Jonesboro, AR 72401
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    • Contact for pricing
      5,362 SF

      Jonesboro Multifamily Investment Opportunity

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      72-Unit Apartment Community in Jonesboro

      Apartment community in Jonesboro, Arkansas, near major employers and I-555.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      Highly visible commercial land available in Jonesboro's retail hub.
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    • $4,500 /Mo
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      New Commercial Space in Jonesboro

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    • $6,250 /Mo

      1500 S Caraway Rd, Unit a

      FRONT RETAIL SPACE ROR LEASE
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      Retail Space in Jonesboro, AR

      Move-in ready retail space in high-traffic location.
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      Jonesboro Medical/Professional Office Space

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    • $14 SF/Yr
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      Jonesboro Retail Space For Rent

      High-visibility retail space with strong foot traffic and build-out options.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
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    2617 Church St
    Jonesboro, AR 72401
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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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