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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Medical Office Space
906 Enterprise Dr, Jonesboro, AR 72401-9239
Entity Owned
4-yr Hold
Free & Clear
Property ID
US05-0607233
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
8,577 SF
Lot
0.8 ac (34,848 SF)
APN
01-144293-10100
UPID
US05-0607233
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
-
Dr. Sarah E. Bowen, DDS Dental Office
-
Sandlin Jacob DDS Dental Office
-
Arkansas Dental Assistant Academy Dental Office Vocational School
-
Davis Dental Dental Office
-
Michael Parkey Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$985k
Owner & transaction history
Ctd JR Dds Enterprises LLC · 4 yrs held
Ctd JR Dds Enterprises LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$815,000
+55.7%
Auto repair, garage
$730,000
+39.5%
Office building
$690,000
+31.7%
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
$905,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$635,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.10M (Jun 7 2022)
Last sale anchor
$1.10M
Jun 7 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
$115 / 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
$20,747
Tax year 2024
Assessed value
$431,773
Assessed 2024
Previous assessed
$431,773
+0.0% YoY
Effective rate
4.81%
On assessed value
Assessed land
$41,818
Assessed improvement
$389,955
Land market value
$209,090
Improvement market value
$1,949,775
Total market value
$2,158,865
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
NONE
Stories
2
Total area
8,577 SF
Lot
0.8 ac (34,848 SF)
APN
01-144293-10100
UPID
US05-0607233
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
RESTAURANT
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$730,000
OFFICE BUILDING
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$635,000
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Year built
2004
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Ctd JR Dds Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
906 ENTERPRISE DR, JONESBORO, AR 72401-9239
Mailing matches property
Yes
Owner-occupied
Yes
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
Jun 7, 2022
—
Ctd JR Dds Enterprises LLC
Craig T Davis JR
Quit Claim Deed
related
—
Jun 7, 2022
$1,100,000
Ctd JR Dds Enterprises LLC
Michael C Parkey
Warranty Deed
$1,225,000 · Columbia State Bank
Dec 20, 2019
—
Michael C Parkey
—
Deed
related
$100,000 · Simmons First 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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