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    Property profile & analytics

    880 Pershing Hwy Jonesboro, LA 71251-2044

    • Investment properties
    OFF-MARKET
    Value Estimation
    $75,000
    Last Sale
    Apr 07, 2022
    $88,000
    Location Intelligence
    Property ID
    US36-1830443
    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

    • FYZICAL Fitness Gym Jonesboro / Gym / Fitness Center

    Property Details for 880 Pershing Hwy

    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    95019800
    APU
    95019800

    Description

    This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Jonesboro, Louisiana. Situated on a sizable 0.54-acre lot at 880 Pershing Highway, this property offers significant potential for a variety of commercial ventures. The existing structure provides a solid foundation for immediate occupancy or redevelopment, catering to diverse business needs. A key feature included in the sale is a functional ice machine, adding immediate value and potential revenue streams. The property's location within Jonesboro ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The asking price of $175,000 represents a compelling entry point into the Jonesboro commercial real estate market. This is a chance to acquire a versatile property with immediate utility and significant long-term growth potential. Serious inquiries are encouraged to explore this exciting opportunity further. The property is ready for its next chapter, and the possibilities are endless. Don't miss out on this chance to establish your business in a prime Jonesboro location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $70,000

    • CAP approach

      CAP return
      Estimation
      6%
      $85,000
      6.5%
      $85,000
      7%
      $85,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $95,000
      Geo Method
      $90,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $80,000
      Retail
      $70,000
      Mixed-Use
      $80,000
      Hospitality
      $85,000
      Educational
      $75,000
      Residential Income
      $75,000
      Energy
      $70,000
      Income-Based Land
      $75,000
      Food Service
      $75,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Jackson
    State
    Louisiana
    Longitude
    -92.7226
    Latitude
    32.2574
    CBSA code
    40820
    CBSA name
    RUSTON, LA MICROPOLITAN 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
    2023
    $471
    $1,200
    $3,000
    $4,200
    -
    $12,000
    $20,000
    $32,000

    Comparable in this City

    • Value Estimation by Request

      208 Hudson Ave

      STORE/OFFICE (MIXED USE)
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      STORE/OFFICE (MIXED USE)
      Hudson Ave, Jonesboro, LA 71251
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    • Value Estimation by Request

      208 Jimmie Davis Blvd

      STORE/OFFICE (MIXED USE)
      208 Jimmie Davis Blvd, Jonesboro, LA 71251-3329
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      207 Jimmie Davis Blvd

      STORE/OFFICE (MIXED USE)
      207 Jimmie Davis Blvd, Jonesboro, LA 71251
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      319 Jimmie Davis Blvd

      STORE/OFFICE (MIXED USE)
      319 Jimmie Davis Blvd, Jonesboro, LA 71251-3330
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    • Value Estimation by Request

      120 Jimmie Davis Blvd

      STORE/OFFICE (MIXED USE)
      120 Jimmie Davis Blvd, Jonesboro, LA 71251-3355
      View Details

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    Request Owner's contact information
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    880 Pershing Hwy
    Jonesboro, LA 71251-2044
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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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