Second-Floor Professional Office
For Sale
Contact for pricing
1107 E Matthews Ave, Jonesboro, AR 72401
Professional office space in Jonesboro’s medical corridor with quality finishes and on-site parking.
Property Size12,512 SF
Price / SF$0.00
Days on Market53
Property Features for 1107 E Matthews Ave
General Information
Standard status
Active
Size
12,512 SF
Property subtype
Commercial / Industrial
Building Details
Buildings
1
Building Size
12,512 SF
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Taylor Wilson · License #00086756
(870) 926-4588
Source:
Arprorealty
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 1 at 4:51AM
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 Halsey Real Estate
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Investment Insights
Based on property information with market context.
This second-floor office suite at 1107 E Matthews Ave provides approximately 6,000 square feet within a professional office building. Quality finishes and ample parking support a range of office-oriented operations, including medical use as described for the property.
The building contains approximately 12,512 square feet overall and is positioned in Jonesboro’s medical corridor. Its location, upper-level configuration, and existing professional finish make the space a practical fit for office users seeking an established commercial setting.
The building contains approximately 12,512 square feet overall and is positioned in Jonesboro’s medical corridor. Its location, upper-level configuration, and existing professional finish make the space a practical fit for office users seeking an established commercial setting.
Key Highlights
- Approximately 6,000 SF of second‑floor office space
- Approximately 12,512 SF building
- Located in Jonesboro’s medical corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,706
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,120
$1.0M
Cap Rate 7%
$724,371
$724.4K
Cap Rate 9%
$563,400
$563.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$90.0K $15.00/SF
− Vacancy
−$5.5K −$0.92/SF
EGI
$84.5K $14.09/SF
− OpEx
−$33.8K −$5.63/SF
NOI
$50.7K $8.45/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,120
Cap Rate 7%
$724,371
Cap Rate 9%
$563,400
Alternative Uses
Best Use
Office B
$801.1K
$700.9K – $934.6K
NOI $56,074 @ 7.0% cap · market cap 254,881.82%
Second Best
Healthcare Medical
$724.4K
$633.8K – $845.1K
NOI $50,706 @ 7.0% cap · market cap 230,481.82%
Theoretical Best
Office A
$1.05M
$919.1K – $1.23M
NOI $73,531 @ 7.0% cap · market cap 334,231.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
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Business Placement
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space in Jonesboro’s medical corridor with quality finishes and on-site parking.
Where is this office unit located?
The property is located at 1107 E Matthews Ave Jonesboro, AR.
What are key features of this property?
This property features: Approximately 6,000 SF of second‑floor office space; Approximately 12,512 SF building; Located in Jonesboro’s medical corridor
