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

    6023 Caraway Rd Jonesboro, AR 72404

    • Warehouses
    • 2,100 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2023
    $46,000
    Value Estimations
    $60,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1337259
    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

    • Warehouses

    Property Details for 6023 Caraway Rd

    Lot size
    1.43 lot acres
    Property size
    2,100 SF
    Property type
    Warehouses
    APN
    01-134171-00300
    APU
    113417100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $60,000
      ML approach
      $65,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $59,000
      Market price range: $59.6k - $131k
      AI Estimate
      $45,000
      Market price range: $42.8k - $117k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $85,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6801
    Latitude
    35.7603
    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
    $529
    $3,322
    $6,930
    $10,252
    -
    $16,610
    $34,650
    $51,260

    Comparable in this City

    • Value Estimation
      $280,000
      3,960 SF

      3205 Swsw Dr

      WAREHOUSE, STORAGE • 3,960 SF
      3205 Swsw Dr, Jonesboro, AR 72404-8406
      View Details
    • Value Estimation by Request
      4,100 SF

      Jonesboro, AR 72404

      WAREHOUSE, STORAGE • 4,100 SF
      Jonesboro, AR 72404
      View Details
    • Value Estimation
      $335,000
      7,356 SF

      3404 Colony Dr

      WAREHOUSE, STORAGE • 7,356 SF
      3404 Colony Dr, Jonesboro, AR 72404-9655
      View Details
    • Value Estimation
      $265,000
      7,800 SF

      6012 Swsw Dr

      WAREHOUSE, STORAGE • 7,800 SF
      6012 Swsw Dr, Jonesboro, AR 72404-8941
      View Details
    • Value Estimation
      $1,315,000
      3,600 SF

      5821 Dalton Farmer Dr

      WAREHOUSE, STORAGE • 3,600 SF
      5821 Dalton Farmer Dr, Jonesboro, AR 72404
      View Details
    • Value Estimation
      $275,000
      6,127 SF

      3512 Harrisburg Rd

      WAREHOUSE, STORAGE • 6,127 SF
      3512 Harrisburg Rd, Jonesboro, AR 72404-8468
      View Details

    Similar Nearby for Sale

    • $1,695,000
      10,200 SF

      High-Traffic Corner Commercial Opportunity

      4.12 acres with four buildings, ideal for redevelopment.
      5312 Stadium Blvd, Jonesboro, AR 72404
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    • $6,500,000
      24,870 SF

      Jonesboro Warehouse and Land

      Two buildings totaling 24,870 SF on 21.79 acres.
      5511 Stadium Blvd, Jonesboro, AR 72404
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    • Contact for pricing
      3,750 SF

      Retail and Storage Building

      Retail, wholesale, and storage space in one building.
      3301 Malibu Dr, Jonesboro, AR 72404
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    • Contact for pricing
      15,600 SF

      Updated Flex Space in Jonesboro

      Flex space with updated office and warehouse areas for sale.
      3301 S Caraway Rd, Jonesboro, AR 72404
      View Details
    • $1,540,000
      27.00 Acres

      Jonesboro AR Commercial Land

      27 Acres, I-555 Access, Divisible
      5459 Nettleton Ave, Jonesboro, AR 72404
      View Details
    • $330,000
      7,800 SF

      Income-Producing Storage Facility For Sale

      Storage facility with expansion potential and 80% occupancy in Jonesboro.
      1708 Tall Birch Dr, Jonesboro, AR 72404
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      4,526 SF

      New Warehouse Space in Jonesboro

      New commercial warehouse space with ample parking in Jonesboro.
      3110 Fox Rd, Jonesboro, AR 72404
      View Details
    • $168 SF/Yr
      10,000 SF

      Jonesboro Warehouse: 10,000 SF

      New industrial warehouse, prime location.
      3408 Gateway Cv, Jonesboro, AR 72404
      View Details
    • $12 SF/Yr
      3,750 SF

      Jonesboro Flex Space For Rent

      3,750 SF flex space near I-555 in Jonesboro, AR.
      3211 Ben J Lamberth Dr, Jonesboro, AR 72404
      View Details
    • $12 SF/Yr
      3,750 SF

      Jonesboro Flex Space For Lease

      3,750 SF flex space near I-555 and local amenities.
      3211 Ben J Lamberth Dr, Jonesboro, AR 72404
      View Details
    • $3,500 /Mo
      1,162 SF

      Retail Space in Growing Development

      New retail space in high-traffic Jonesboro location, ideal for businesses.
      3310 Southwest Dr, Jonesboro, AR 72404
      View Details
    • $20 SF/Yr
      2,074 SF

      Prime Office Space For Lease

      Duplex-style office building with 2,074 SF of prime office space.
      3127 Southwest Dr, Jonesboro, AR 72404
      View Details
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    6023 Caraway 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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