Office Units Near Medical
For Sale
$475,000
2106 E Matthews Avenue E, Jonesboro, AR 72401
Six private offices support a flexible professional layout with boardroom, kitchen, and three bathrooms.
Property Size2,750 SF
Price / SF$172.73
Days on Market19
Property Features for 2106 E Matthews Avenue E
General Information
Standard status
Active
Size
2,750 SF
Taxes and HOA fees
Annual Taxes
$3,388
Amenities
large welcoming waiting area
six private offices
three bathrooms
spacious boardroom
kitchen
Listing Agency:
Jonesboro Realty Company
2433993
Listed By:
Christi Covington
(870) 932-1641
Source:
Exprealty
Added: Sep 8
Changed: Sep 20
Last Checked: Sep 26 at 10:22AM
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
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 = 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
$25,700
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
5.41%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
990
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
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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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Frequently Asked Questions
What type of property is this?
Office units - Six private offices support a flexible professional layout with boardroom, kitchen, and three bathrooms.
Where is this office units 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
