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

    4002 Mount Carmel Rd Jonesboro, AR 72404

    • Commercial real estate
    • 4 SF
    For Sale
    View listing
    $1,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1290647
    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

    • Commercial real estate

    Property Details for 4002 Mount Carmel Rd

    Property size
    4 SF
    Property type
    Commercial real estate

    Description

    This exceptional 4.34-acre commercial land parcel presents a remarkable investment opportunity in Jonesboro, Arkansas. Located at the highly visible corner of Keller's Chapel and Mt. Carmel roads, this property boasts a signalized intersection ensuring maximum exposure to traffic on Highway 49S. The C-3 LUO zoning allows for a wide range of commercial uses, making it perfect for retail establishments or restaurants. Its strategic location offers unparalleled visibility and accessibility. The property is situated directly across from a newly constructed Kum & Go service station and the thriving Southern Hills Development, indicating a rapidly growing and desirable area. Several new businesses are establishing themselves in this vicinity, creating a vibrant and expanding commercial landscape. This prime location offers significant potential for high returns and strong tenant occupancy. The property's size and zoning provide ample space for development, catering to a variety of commercial ventures. Don't miss this chance to secure a prominent position in a rapidly developing commercial hub. The asking price is $1,350,000.

    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
    -90.7311667
    Latitude
    35.7958837

    Comparable in this City

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      Residential Development Land in Jonesboro

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      Ridgepointe Building Lot Opportunity

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    Similar Nearby for Sale

    • $1,045,440
      1.00 Acre

      Jonesboro Commercial Land Opportunity

      Prime 1-acre commercial lot in thriving Southern Hills.
      4 Block C Southern Hl, Jonesboro, AR 72404
      View Details
    • $4,200,000
      15.93 Acres

      Prime Jonesboro Commercial Land

      15.93 Acres, Development Potential
      1821 Parker Rd, Jonesboro, AR 72404-8575
      View Details
    • $99,900
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      Industrial Land Near Interstate

      4.96 acres of industrial land with interstate frontage.
      6700 Rickey Ln, Jonesboro, AR 72404
      View Details
    • $647,000
      41.00 Acres

      Jonesboro Acreage with Development Potential

      41 acres in Valley View school district with development potential.
      41 Acres County Rd 425, Jonesboro, AR 72404
      View Details
    • $160,000
      7.35 Acres

      Residential Development Land in Jonesboro

      Residential development land in a growing area of Jonesboro.
      7 Acres Richardson Rd, Jonesboro, AR 72404
      View Details
    • $150,000
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      Ridgepointe Building Lot Opportunity

      Prime single-family lot in desirable Ridgepointe neighborhood.
      2412 Ridgepointe Dr, Jonesboro, AR 72404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Growing Development

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      New Retail Space in Jonesboro

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    4002 Mount Carmel Rd
    Jonesboro, AR 72404
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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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