Medical Office Building with
For Sale
$744,000
1010 W Main Street, Jacksonville, AR 72076
COMMERCIAL - Jacksonville, AR
Property Size6,215 SF
Lot Size0.92 Acres
Price / SF$119.71
Days on Market94
Property Features for 1010 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, General Commercial
Security features
Security System, Security
Interior features
Public Restrooms, Janitor Services, Smoke Detector, Burglar Alarm, Handicapped Design, Kitchen Area, In-Unit Bathroom, Security System
Exterior features
Guttering, Pole Sign, Landscaping, Wheelchair Accessible, Security
Accessibility
Accessible Approach with Ramp
Lot features
Level, Upslope
Directions
I-57N to Jacksonville. Take Main Street Exit 9, turn right. Proceed east on W. Main 3/4 mile around loop. Property immediately on left.
Subdivision
JACKSONVILLE
Standard status
Active
Size
6,215 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
In office.
Tax Annual Amount
7493
Legal Description
In office.
Building Details
Year built
2007
Floors in Building
1
Flooring type
Vinyl, Carpet - Partial
Roof type
Metal
Architectural style
Other
Listing Agency:
Arnett Realty & Investments
(501) 843-1515
Listed By:
Cole Arnett
(501) 259-5508
Added: May 6
Changed: Aug 4
Last Checked: Aug 7 at 5:06AM
MLS# 26018245
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.
This medical office property includes a 5,103 SF office building plus a 1,112 SF fast-service restaurant with drive-through on an adjacent lot. The restaurant is currently occupied by Daylight Donuts. The office building was extensively renovated in 2018 and offers an open space for a custom reception desk with multiple stations, a spacious lobby with seating, and a showroom area for product display. The building also includes 9 examination rooms, a kitchen/break room, storage, and 1,664 SF of open flex space.
The property consists of two lots totaling 0.92 surveyed acres with combined frontage of 217' on W Main Street. Zoning is C-2, located in a dense commercial area near Jacksonville Air Force Base. The exterior features include pole sign, landscaping, wheelchair accessibility, and security elements. Interior features include a kitchen area, in-unit bathroom, security system, and accessibility accommodations, with metal roofing.
The property consists of two lots totaling 0.92 surveyed acres with combined frontage of 217' on W Main Street. Zoning is C-2, located in a dense commercial area near Jacksonville Air Force Base. The exterior features include pole sign, landscaping, wheelchair accessibility, and security elements. Interior features include a kitchen area, in-unit bathroom, security system, and accessibility accommodations, with metal roofing.
Key Highlights
- 5,103 SF medical office building with 9 examination rooms
- Adjacent 1,112 SF fast‑service restaurant with drive‑through, occupied by Daylight Donuts
- Extensive renovations completed 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
$67,182
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
9.03%
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%
$1,343,640
$1.3M
Cap Rate 7%
$959,743
$959.7K
Cap Rate 9%
$746,467
$746.5K
Market Conditions
NOI Build-Up for 6,215 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
$124.5K $20.04/SF
− Vacancy
−$12.6K −$2.02/SF
EGI
$112.0K $18.02/SF
− OpEx
−$44.8K −$7.21/SF
NOI
$67.2K $10.81/SF
Area
Pulaski County, AR
Vacancy
10.10%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,343,640
Cap Rate 7%
$959,743
Cap Rate 9%
$746,467
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,986 @ 7.0% cap · market cap 11.15%
Second Best
Healthcare Medical
$959.7K
$839.8K – $1.12M
NOI $67,182 @ 7.0% cap · market cap 9.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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 plus an adjacent fast-service restaurant with drive-through on two lots zoned C-2.
Where is this medical office space located?
The property is located at 1010 W Main Street 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: 5,103 SF medical office building with 9 examination rooms; Adjacent 1,112 SF fast‑service restaurant with drive‑through, occupied by Daylight Donuts; Extensive renovations completed in 2018
