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    2629 Red Wolf Blvd Jonesboro, AR 72401-7423
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    Property profile & analytics

    2629 Red Wolf Blvd, Jonesboro, AR 72401-7423

    View on Map
    • Drive through restaurants
    • 2,926 SF
    • 1.14 lot acres
    Off-Market
    Last Sale Mar 5, 2024
    $1,400,000
    Property ID
    US05-0902032
    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
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Captain D's / Restaurant

    Property Details for 2629 Red Wolf Blvd

    Lot size
    1.14 lot acres
    Property type
    Drive through restaurants
    APN
    01-144283-01701
    APU
    114428301701

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2024 $1,400,000 Bayird Properties LLC Trident Holdings LLC Warranty Deed —
    May 9, 2019 — Grupo Antonio LLC — Deed · related $603k · Cdc Small Business Finance
    Apr 10, 2019 — Grupo Antonio LLC — Deed · related $200k · Ozk Bank
    Apr 9, 2019 — Grupo Antonio LLC Second Blessing LLC Warranty Deed —
    Aug 27, 2007 $1,748,000 Second Blessing LLC Net Lease Assocaites Joneboro LLC Warranty Deed $1.3M · California Credit Union

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,400,000
      ML approach
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $954,000
      Market price range: $278k - $954k

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6699
    Latitude
    35.8111
    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
    $13,572
    $134,077
    $148,380
    $282,457
    -
    $670,385
    $741,900
    $1,412,285

    Comparable in this City

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      3,268 SF

      2104 Caraway Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      2104 Caraway Rd, Jonesboro, AR 72401-6201
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    • Value Estimation by Request
      2,774 SF

      2304 Caraway Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      2304 Caraway Rd, Jonesboro, AR 72401-6205
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    • Value Estimation
      $2,120,000
      2,338 SF

      Caraway Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      Caraway Rd, Jonesboro, AR 72401
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    • Value Estimation by Request
      5,442 SF

      133 Swsw Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      133 Swsw Dr, Jonesboro, AR 72401-5828
      View Details
    • Value Estimation by Request
      3,630 SF

      2925 Red Wolf Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      2925 Red Wolf Blvd, Jonesboro, AR 72401-7429
      View Details
    • Value Estimation by Request
      2,608 SF

      1910 Johnson Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      1910 Johnson Ave, Jonesboro, AR 72401-1303
      View Details

    Similar Nearby for Sale

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      4.23 Acres

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    • $2,626,668
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      Jonesboro Land For Sale

      3. 6 acres of commercial land in Jonesboro, Arkansas.
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      35,719 SF

      Retail Center Development Opportunity

      Prime location for retail or medical development near downtown.
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    • $1,750,000
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      Turn-Key Restaurant and Music Venue

      Updated restaurant, bar, and live-music venue in Jonesboro, Arkansas.
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      792 SF

      Land Near ASU For Sale

      Commercial land suitable for a coffee shop or cafe.
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      Mixed-use property with restaurant and redevelopment potential in downtown Jonesboro.
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    Similar Nearby for Lease

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      4,000 SF

      Retail Space in High-Traffic Area

      Retail and restaurant spaces available in a high-traffic downtown location.
      200 E Johnson Ave, Jonesboro, AR 72401
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      Prominent Retail Center in Jonesboro

      Retail spaces available in established Jonesboro shopping center.
      900 Southwest Dr, Jonesboro, AR 72401
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      Prime Retail Space in Jonesboro

      Proposed retail center in Jonesboro's thriving retail sector.
      2701 Parkwood Rd, Jonesboro, AR 72401
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    • Contact for pricing

      Retail Center Development Opportunity

      Retail center development near downtown Jonesboro with high traffic exposure.
      104 E Johnson Ave, Jonesboro, AR 72401
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    • $6,250 /Mo

      1500 S Caraway Rd, Unit a

      FRONT RETAIL SPACE ROR LEASE
      1500 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $2,350 /Mo
      2,727 SF

      Retail Space in Jonesboro, AR

      Move-in ready retail space in high-traffic location.
      2719 S Caraway Rd, Jonesboro, AR 72401
      View Details

    Property Visit Statistics

    • Visits by month
      12.3k
    • Visitors by month
      7.5k
    • Avg Time on site
      68 min
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    Jonesboro, AR 72401-7423
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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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