Medical Office Property with
For Sale
$744,000
1010 W Main Street, Jacksonville, AR 72076
Commercial / Industrial, Traditional, Jacksonville, AR
Property Size5,103 SF
Lot Size0.92 Acres
Price / SF$119.71
Days on Market139
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: Sep 14
Last Checked: Sep 21 at 11:06AM
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 two-lot commercial property combines a 5,103-square-foot medical office building with a 1,112-square-foot fast-service restaurant on the adjacent lot. Built in 2007, the office underwent extensive renovations in 2018 and includes nine examination rooms, a lobby with seating, showroom space, kitchen and break-room areas, storage, public restrooms, and 1,664 square feet of open flex space. Accessibility features include a ramp and handicapped design, while security features include a burglar alarm and security system. The restaurant includes a drive-through and is currently occupied by Daylight Donuts.
The property is zoned C-2 and consists of 0.92 surveyed acres with combined frontage of 217 feet on W Main Street. It is located in Jacksonville’s dense commercial corridor near Chili’s, McDonald’s, Wendy’s, Maverik, Captain D’s, and the Jacksonville Air Force Base. The address is 1010 W Main Street, Jacksonville, AR 72076.
The property is zoned C-2 and consists of 0.92 surveyed acres with combined frontage of 217 feet on W Main Street. It is located in Jacksonville’s dense commercial corridor near Chili’s, McDonald’s, Wendy’s, Maverik, Captain D’s, and the Jacksonville Air Force Base. The address is 1010 W Main Street, Jacksonville, AR 72076.
Key Highlights
- 5,103‑square‑foot medical office building with 9 examination rooms
- Adjacent 1,112‑square‑foot fast‑service restaurant with drive‑through
- Office renovations completed in 2018, including lobby, showroom, kitchen, storage, and 1,664sf of open flex space
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-lot commercial property with renovated office space and an adjacent drive-through restaurant.
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‑square‑foot medical office building with 9 examination rooms; Adjacent 1,112‑square‑foot fast‑service restaurant with drive‑through; Office renovations completed in 2018, including lobby, showroom, kitchen, storage, and 1,664sf of open flex space
