Medical Office and Restaurant
For Sale
Contact for pricing
1010 W Main St, Jacksonville, AR 72076
Medical office building and drive-through restaurant for sale.
Property Size5,103 SF
Lot Size0.92 Acres
Price / SF$145.80
Days on Market90
Property Features for 1010 W Main St
General Information
Standard status
Active
Size
5,103 SF
Lot size
0.92 Acres
Property subtype
OFFICE
Listing Agency:
Arnett Realty & Investment
(501) 837-0143
Listed By:
Ted Arnett · License #PB00058662
(501) 837-0143
Source:
Moodyscre
Added: May 14
Changed: Aug 8
Last Checked: Jul 25 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arnett Realty & Investment
Investment Insights
Based on property information with market context.
This property features a 5,103 square foot medical office building constructed in 2007, along with an adjacent 1,112 square foot fast service restaurant with a drive-through. The restaurant space is currently occupied by Daylight Donuts. The office building, located along Jacksonville's busiest commercial corridor, underwent extensive renovations in 2018. The renovations included an open space designed for a custom reception desk with multiple stations, a spacious lobby with ample seating, and a showroom area suitable for displaying products. The building includes 9 examination rooms, a kitchen/break room, storage space, and 1,664 square feet of open flex space. The property is zoned C-2 and is situated in an area with dense commercial development, near businesses such as Chili's, McDonald's, Wendy's, Maverick, and Captain D's, and in proximity to the Jacksonville Air Force Base. The surrounding area has a population of 28,408 within a 3-mile radius and 45,458 within a 5-mile radius. The property consists of two lots totaling 0.92 surveyed acres, with a combined frontage of 217 feet on W Main Street.
Key Highlights
- High‑traffic location on Jacksonville's busiest commercial corridor.
- Includes a 5,103 sf medical office building and a 1,112 sf fast service restaurant with drive‑through.
- Medical office building extensively renovated in 2018.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,138
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,362,760
$1.4M
Cap Rate 7%
$973,400
$973.4K
Cap Rate 9%
$757,089
$757.1K
Market Conditions
NOI Build-Up for 5,103 SF
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.
Gross rent
$96.8K $18.96/SF
− Vacancy
−$5.9K −$1.16/SF
EGI
$90.9K $17.80/SF
− OpEx
−$22.7K −$4.45/SF
NOI
$68.1K $13.35/SF
Area
Pulaski County, AR
Vacancy
6.10%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,362,760
Cap Rate 7%
$973,400
Cap Rate 9%
$757,089
Alternative Uses
Best Use
Specialty Retail
$973.4K
$851.7K – $1.14M
NOI $68,138 @ 7.0% cap · market cap 9.16%
Second Best
Healthcare Medical
$788.0K
$689.5K – $919.4K
NOI $55,161 @ 7.0% cap · market cap 7.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building and drive-through restaurant for sale.
Where is this medical office space located?
The property is located at 1010 W Main St Jacksonville, AR.
What is the asking price?
The asking price for this property is $744,000.
What are key features of this property?
This property features: High‑traffic location on Jacksonville's busiest commercial corridor.; Includes a **5,103 sf medical office building** and a 1,112 sf fast service restaurant with drive‑through.; Medical office building extensively renovated in 2018.
