Office Units Near Medical
2106 E Matthews Avenue E, Jonesboro, AR 72401
For Sale
$475,000
Six private offices support a flexible professional layout with boardroom, kitchen, and three bathrooms.
Property Size2,750 SF
Price / SF$172.73
Days on Market66
Property Features for 2106 E Matthews Avenue E
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
large welcoming waiting area
six private offices
three bathrooms
spacious boardroom
kitchen
Listing Agency:
Jonesboro Realty Company
2433993
Listed By:
Christi Covington · License AR #00075937
(870) 932-1641
Source:
Exprealty
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 10 at 2:41PM
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 Jonesboro Realty Company
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Investment Insights
Based on property information with market context.
Located at 2106 E Matthews Avenue E in Jonesboro, this office unit provides a practical business setting with six private offices, a welcoming waiting area, a boardroom, kitchen, and three bathrooms. The layout is also identified as suitable for medical or professional office uses.
The property is positioned near St. Bernard's Medical Mile and Arkansas State University, with access to one of Jonesboro's major commercial corridors. Its combination of private work areas, shared gathering space, and support amenities creates a functional configuration for an established or growing office operation.
The property is positioned near St. Bernard's Medical Mile and Arkansas State University, with access to one of Jonesboro's major commercial corridors. Its combination of private work areas, shared gathering space, and support amenities creates a functional configuration for an established or growing office operation.
Key Highlights
- Six private offices
- Welcoming waiting area
- Spacious boardroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,700
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,000
$514.0K
Cap Rate 7%
$367,143
$367.1K
Cap Rate 9%
$285,556
$285.6K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$38.9K $14.16/SF
− Vacancy
−$4.7K −$1.70/SF
EGI
$34.3K $12.46/SF
− OpEx
−$8.6K −$3.12/SF
NOI
$25.7K $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%
$514,000
Cap Rate 7%
$367,143
Cap Rate 9%
$285,556
Alternative Uses
Best Use
Office B
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
990
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Jonesboro, AR
Properties on Market for Office Units in Jonesboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Six private offices support a flexible professional layout with boardroom, kitchen, and three bathrooms.
Where is this office unit located?
The property is located at 2106 E Matthews Avenue E Jonesboro, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Six private offices; Welcoming waiting area; Spacious boardroom
