Medical Office
1107 E Matthews Ave Jonesboro, AR 72401
For Sale
$1,990,000
COMMERCIAL - Jonesboro, AR
Property Size12,512 SF
Lot Size0.84 Acres
Price / SF$159.05
Days on Market420
Property Features for 1107 E Matthews Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 47
- Standard status
- Active
- APN
- 01-144202-16100
- Size
- 12,512 SF
- Lot size
- 0.84 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- REPLAT OF BLK B OF THE SECOND
- Tax Annual Amount
- 17991
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Roof type
- Flat
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Taylor Wilson · License #00086756
(870) 926-4588
Added: Jun 3, 2025
Changed: Jul 9
Last Checked: Jul 27 at 4:06AM
MLS# 25025023
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1107 E Matthews Ave is a well-maintained medical office building for sale in Jonesboro. The property offers approximately 12,512 square feet total, with the first floor currently occupied under established leases. A second floor is also available for lease, providing additional space for income or owner-occupancy.
Set on 0.84 acres, the building is positioned in an established medical corridor and includes strong visibility and ample parking. Quality finishes are noted throughout.
The configuration supports a mix of current leased space and additional lease-ready area on the second floor, making the property suitable for buyers seeking an operating medical office with available expansion space.
Set on 0.84 acres, the building is positioned in an established medical corridor and includes strong visibility and ample parking. Quality finishes are noted throughout.
The configuration supports a mix of current leased space and additional lease-ready area on the second floor, making the property suitable for buyers seeking an operating medical office with available expansion space.
Key Highlights
- Medical office building built in 2002 with approx. 12,512 SF total space
- First floor is occupied under established leases
- Second floor includes 6,000 SF and is available for lease
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.7k | $15.00 |
| − Vacancy | −$11.4k | −$0.92 |
| EGI | $176.2k | $14.09 |
| − OpEx | −$70.5k | −$5.63 |
| NOI | $105.7k | $8.45 |
12,512 SF · lease $15.00/SF/yr · vacancy 6.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,739 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,337 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tracy Jones Physical ...
Medical Clinic
Cassidy Qualls
Physician
Cassidy Shannon Qualls
Physician
Neurology Associates Of Northeast ...
Medical Clinic
Dr. Wendy P. ...
Pediatrician
FAQs
What type of property is this?
Medical center - Well-maintained medical office building with occupied first floor and available second-floor space for lease.
Where is this medical center located?
The property is located at 1107 E Matthews Ave Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Medical office building built in 2002 with approx. 12,512 SF total space; First floor is occupied under established leases; Second floor includes 6,000 SF and is available for lease
