Medical Office Building with Leased
For Sale
$1,990,000
1107 E Matthews Ave, Jonesboro, AR 72401
Commercial / Industrial, Jonesboro, AR
Property Size12,512 SF
Lot Size0.84 Acres
Price / SF$159.05
Days on Market494
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: Oct 5
Last Checked: Oct 9 at 5:06AM
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.
Located at 1107 E Matthews Ave in Jonesboro, Arkansas, this medical office property contains approximately 12,512 square feet on a 0.84-acre site. Built in 2002, the building has a flat roof and includes parking for on-site users.
The first floor is occupied under established leases, while the 6,000-square-foot second floor is available for lease. The upper level can also accommodate an owner-user, providing flexibility within the existing medical office configuration. The property is positioned in Jonesboro’s established medical corridor and is identified by ZIP Code 72401.
The first floor is occupied under established leases, while the 6,000-square-foot second floor is available for lease. The upper level can also accommodate an owner-user, providing flexibility within the existing medical office configuration. The property is positioned in Jonesboro’s established medical corridor and is identified by ZIP Code 72401.
Key Highlights
- Approximately 12,512 square feet on 0.84 acres
- 6,000‑square‑foot second floor available for lease
- First floor occupied under established leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,932
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,338,640
$2.3M
Cap Rate 7%
$1,670,457
$1.7M
Cap Rate 9%
$1,299,244
$1.3M
Market Conditions
NOI Build-Up for 12,512 SF
Gross rent
$177.2K $14.16/SF
− Vacancy
−$21.3K −$1.70/SF
EGI
$155.9K $12.46/SF
− OpEx
−$39.0K −$3.12/SF
NOI
$116.9K $9.35/SF
Area
Craighead County, AR
Vacancy
12.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,338,640
Cap Rate 7%
$1,670,457
Cap Rate 9%
$1,299,244
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,932 @ 7.0% cap · market cap 5.88%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,739 @ 7.0% cap · market cap 5.31%
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Petco Vaccination Clinic — 1207 S Caraway Rd, Jonesboro, AR 72401
- Kennedy Tammy DVM — Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-floor medical facility combines occupied space with an available upper-level suite for lease or owner-user occupancy.
Where is this medical office space 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: Approximately 12,512 square feet on 0.84 acres; 6,000‑square‑foot second floor available for lease; First floor occupied under established leases
