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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Retail space
4117 Highland Dr, Jonesboro, AR 72401-6541
Entity Owned
4-yr Hold
Free & Clear
Property ID
US05-0906646
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
12,560 SF
Lot
1.84 ac (80,150 SF)
APN
01-144271-00200
UPID
US05-0906646
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Western Union Bank Credit Union
-
Dollar General Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.55M
Owner & transaction history
Agree Limited Partnership · 4 yrs held
Agree Limited Partnership
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+122.5%
Neighborhood: shopping center
$1.7M
+46.3%
Office building
$1.4M
+22.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,505,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,645,000
7%
$1,530,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,150,000
Current use
RESTAURANT
$2,560,000
Change: +122% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,685,000
Change: +46% · Conversion: Moderate
OFFICE BUILDING
$1,410,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,040,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.83M (Jan 12 2022)
Last sale anchor
$1.83M
Jan 12 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,822
Tax year 2024
Assessed value
$287,666
Assessed 2024
Previous assessed
$287,666
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$12,022
Assessed improvement
$275,644
Land market value
$60,110
Improvement market value
$1,378,220
Total market value
$1,438,330
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,560 SF
Lot
1.84 ac (80,150 SF)
APN
01-144271-00200
UPID
US05-0906646
Jurisdiction
CRAIGHEAD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Agree Limited Partnership
Entity
Free & Clear · 4 yrs held
Mailing address
70 E LONG LK RD, BLOOMFIELD HILLS, MI 48304-2356
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$1,825,523
Agree Limited Partnership
Rea Dg2 LLC
Special Warranty Deed
—
Sep 13, 2018
—
Rea Dg 2 LLC
—
Deed
related
$1,371,341 · First Commercial Bank
Jan 15, 2013
$225,000
Ware Properties LLC
Food Giant 2415
Warranty Deed
$1,062,000 · Southern Bancorp Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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