Medical Office
For Sale
Contact for pricing
820 E Matthews Suite F, Jonesboro, AR 72401
A 1,700-square-foot suite offers medical office space in a building completed in 2000.
Property Size1,700 SF
Price / SF$1.00
Days on Market1168
Property Features for 820 E Matthews Suite F
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
25
Property subtype
Commercial
Additional Details
Road Access
Yes
Property Use
Medical Office
Amenities
Door Sign
Pole Sign
Roof Sign
Building Details
Building Size
1,700 SF
Year Built
2000
Stories
1
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Kevin Kercheval · License #PB00056142
(870) 926-3225
Source:
Carolynrussellrealestate
Added: Aug 25, 2023
Changed: Nov 3
Last Checked: Nov 3 at 2:32PM
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 Coldwell Banker Village Communities
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite F provides 1,700 square feet of medical office space at 820 E Matthews in Jonesboro, Arkansas. The building dates to 2000.
Access to the suite is via the rear of the building, approached from Fisher Street.
Access to the suite is via the rear of the building, approached from Fisher Street.
Key Highlights
- 1,700‑square‑foot medical office suite
- Building constructed in 2000
- Rear approach via Fisher Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,367
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,340
$287.3K
Cap Rate 7%
$205,243
$205.2K
Cap Rate 9%
$159,633
$159.6K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$25.5K $15.00/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$23.9K $14.09/SF
− OpEx
−$9.6K −$5.63/SF
NOI
$14.4K $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%
$287,340
Cap Rate 7%
$205,243
Cap Rate 9%
$159,633
Alternative Uses
Best Use
Office B
$227.0K
$198.6K – $264.8K
NOI $15,888 @ 7.0% cap · market cap 934.59%
Second Best
Healthcare Medical
$205.2K
$179.6K – $239.5K
NOI $14,367 @ 7.0% cap · market cap 845.12%
Theoretical Best
Office A
$297.6K
$260.4K – $347.2K
NOI $20,834 @ 7.0% cap · market cap 1,225.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,027
Businesses Nearby
Under-served
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
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
Similar Off Market Nearby
- Kennedy Tammy DVM — Jonesboro, AR 72401
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 1,700-square-foot suite offers medical office space in a building completed in 2000.
Where is this medical office space located?
The property is located at 820 E Matthews Suite F Jonesboro, AR.
What are key features of this property?
This property features: 1,700‑square‑foot medical office suite; Building constructed in 2000; Rear approach via Fisher Street
