Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4215 E Johnson Ave Jonesboro, AR 72401
    Property profile & analytics

    4215 E Johnson Ave Jonesboro, AR 72401

    View on Map
    • Commercial real estate
    • 1.62 lot acres
    For Sale
    $864,230
    View Listing →
    Highway Frontage Commercial Land For Sale
    $864,230
    1.24 Acres

    Highway Frontage Commercial Land

    Commercial land with high traffic exposure near NEA Baptist campus.

    4215 E Johnson Ave, Jonesboro, AR
    View Listing
    Property ID
    US05-0153218
    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

    • Commercial real estate

    Property Details for 4215 E Johnson Ave

    Lot size
    1.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.62-acre commercial lot in Jonesboro, Arkansas, presents a remarkable investment opportunity. Located at 4215 E Johnson Ave, in the rapidly growing Hilltop Trade Area, this property boasts significant frontage on Highway 49 North, a major thoroughfare experiencing 35,000 cars per day. Its strategic position near the signalized intersection of Highway 49 North and Airport Road ensures maximum visibility and accessibility. Already zoned for commercial use, this land is ideally suited for a variety of businesses, including restaurants, retail establishments, or office spaces. The property benefits from its proximity to a new $400 million Nea Baptist Healthcare Campus, and is surrounded by a thriving mix of established businesses. These include several major banks (First National Bank, Unico Bank, First Security Bank), medical offices (Hilltop Eyecare, Focus Inc. Counseling Services), and popular national retailers and restaurants such as Demo's BBQ, AutoZone, Burger King, Sonic, Dairy Queen, Arby's, Fat City Grill, Fred's, Camp Pharmacy, and O'Reilly Auto Parts. This prime location, coupled with its high visibility and convenient access, makes this lot an exceptional investment in one of Jonesboro's fastest-growing markets. The asking price is $987,938. The property is situated in Craighead County, Arkansas, zip code 72401.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6472918
    Latitude
    35.8610324

    Comparable in this City

    • $1,258,000
      3.67 Acres

      Commercial Land Near Arkansas State

      3.67 acre commercial lot in Jonesboro, Arkansas.
      3.67 Acres Melrose St, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Commercial Lot Near Interstate 555

      Commercial lot in Jonesboro's top entertainment district.
      Parker Rd, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Prime Retail Tract For Sale

      0.94 acre commercial tract ideal for retail development.
      4516 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • $1,173,760
      2.69 Acres

      Prime Retail Land in Jonesboro

      Located in the heart of Jonesboro near major connecting roads.
      Fair Park Blvd, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Highway 49 Commercial Tracts

      8.52 acres near Highway 49, ideal for diverse uses.
      5512 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      1,344 SF

      Commercial Investment Opportunity in Jonesboro

      Commercial property with high traffic count and drive-in/out potential.
      2823 Creek Dr, Jonesboro, AR 72401
      View Details

    Similar Nearby for Sale

    • $1,173,760
      2.69 Acres

      Prime Retail Land in Jonesboro

      Located in the heart of Jonesboro near major connecting roads.
      Fair Park Blvd, Jonesboro, AR 72401
      View Details
    • $1,258,000
      3.67 Acres

      Commercial Land Near Arkansas State

      3.67 acre commercial lot in Jonesboro, Arkansas.
      3.67 Acres Melrose St, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Prime Retail Tract For Sale

      0.94 acre commercial tract ideal for retail development.
      4516 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Commercial Lot Near Interstate 555

      Commercial lot in Jonesboro's top entertainment district.
      Parker Rd, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      Highway 49 Commercial Tracts

      8.52 acres near Highway 49, ideal for diverse uses.
      5512 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      1,344 SF

      Commercial Investment Opportunity in Jonesboro

      Commercial property with high traffic count and drive-in/out potential.
      2823 Creek Dr, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $3,950 /Mo
      7,708 SF

      Retail Space in Jonesboro, AR

      7,708 SF retail space available for rent in Jonesboro.
      316 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      2,924 SF

      Downtown Jonesboro Corner Retail Space

      2,924 SF freestanding building on a high-visibility corner lot.
      101 E Forrest St, 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
    • $13 SF/Yr
      7,370 SF

      Retail Space in Jonesboro, AR

      Retail space with high visibility and strong foot traffic.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $13 SF/Yr
      7,370 SF

      High-Visibility Retail/Office Space Available

      Retail and office units with high traffic and visibility.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4215 E Johnson Ave
    Jonesboro, AR 72401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4215 E Johnson Ave, Jonesboro, AR, 72401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!