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    Property profile & analytics

    2801 Parkwood Rd Jonesboro, AR 72401-6328

    • Strip malls
    • 7,406 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $1,490,000
    Last Sale
    Dec 09, 2021
    $1,600,000
    Location Intelligence
    Property ID
    US05-0004356
    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

    • The Good Feet Store / Orthotics & Prosthetics Service / Foot Care
    • Boho Extension Co & Salon / Beauty Salon

    Property Details for 2801 Parkwood Rd

    Year built
    2021
    Lot size
    1.10 lot acres
    Property size
    7,406 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    01-144282-04930
    APU
    114428204930

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,480,000
      6.5%
      $1,665,000
      7%
      $1,780,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,765,000
      Geo Method
      $1,575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,535,000
      Retail
      $1,505,000
      Mixed-Use
      $1,695,000
      Hospitality
      $1,360,000
      Educational
      $1,545,000
      Residential Income
      $1,675,000
      Energy
      $1,805,000
      Income-Based Land
      $1,455,000
      Food Service
      $1,610,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.672
    Latitude
    35.8174
    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
    $15,458
    $116,948
    $249,355
    $366,303
    -
    $584,740
    $1,246,775
    $1,831,515

    Comparable in this City

    • Value Estimation
      $605,000
      3,977 SF

      510 Swsw Dr

      SHOPPING CENTER, STRIP CENTER • 3,977 SF
      510 Swsw Dr, Jonesboro, AR 72401-5857
      View Details
    • Value Estimation
      $1,025,000
      8,460 SF

      1413 Marketplace Dr

      SHOPPING CENTER, STRIP CENTER • 8,460 SF
      1413 Marketplace Dr, Jonesboro, AR 72401-5227
      View Details
    • Value Estimation
      $315,000
      4,445 SF

      4201 Nettleton Ave

      SHOPPING CENTER, STRIP CENTER • 4,445 SF
      4201 Nettleton Ave, Jonesboro, AR 72401-5560
      View Details
    • Value Estimation
      $465,000
      13,500 SF

      3529 Nettleton Ave

      SHOPPING CENTER, STRIP CENTER • 13,500 SF
      3529 Nettleton Ave, Jonesboro, AR 72401-5590
      View Details
    • Value Estimation
      $510,000
      14,175 SF

      3915 Nettleton Ave

      SHOPPING CENTER, STRIP CENTER • 14,175 SF
      3915 Nettleton Ave, Jonesboro, AR 72401-5583
      View Details
    • Value Estimation
      $400,000
      7,000 SF

      3407 Race St

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      3407 Race St, Jonesboro, AR 72401-7442
      View Details

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    Similar Nearby for Lease

    • $14 SF/Yr
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      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Ste 2 & 3, Jonesboro, AR 72401
      View Details
    • $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
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong traffic and custom build-out options.
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      View Details
    • $14 SF/Yr
      1,275 SF

      High-Visibility Retail Space in Jonesboro

      Retail space with high traffic and build-out options available.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $14 SF/Yr
      1,275 SF

      Retail Space in Jonesboro, Arkansas

      High-visibility retail space with strong foot traffic and flexible build-outs.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
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    Jonesboro, AR 72401-6328
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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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