Medical Office
For Sale
$1,990,000
1107 E Matthews Ave, Jonesboro, AR 72401
COMMERCIAL - Jonesboro, AR
Property Size12,512 SF
Lot Size0.84 Acres
Price / SF$159.05
Days on Market449
Property Features for 1107 E Matthews Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
47
Directions
When leaving downtown, head east on E Matthews Ave. The property is to the south of St. Bernards imaging center.
Subdivision
Jonesboro E
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
Legal Description
REPLAT OF BLK B OF THE SECOND
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: Aug 4
Last Checked: Aug 25 at 1:06AM
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
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
$105,739
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
5.31%
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%
$2,114,780
$2.1M
Cap Rate 7%
$1,510,557
$1.5M
Cap Rate 9%
$1,174,878
$1.2M
Market Conditions
NOI Build-Up for 12,512 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
$187.7K $15.00/SF
− Vacancy
−$11.4K −$0.92/SF
EGI
$176.2K $14.09/SF
− OpEx
−$70.5K −$5.63/SF
NOI
$105.7K $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 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%
$2,114,780
Cap Rate 7%
$1,510,557
Cap Rate 9%
$1,174,878
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
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
