Listing Agency: Halsey Real Estate Show Phone

Listed By: Nile Thrasher Show Phone

Source: Exprealty

Added: Jun 16 Changed: Oct 2 Last Checked: Oct 7 at 2:19PM

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Investment Insights

Based on property information with market context.

This healthcare-oriented property is offered for sale as a medical center suitable for medical and related office uses. The available information identifies it within the medical centers and healthcare properties categories, supported by its intended role as a commercial healthcare asset.

The property is located at 217 E Cherry Ave in Jonesboro, AR. It is positioned directly across from part of St. Bernards Building, creating a clear, identifiable presence in the immediate medical office area.

For buyers and tenants seeking a healthcare-focused facility, this site offers a straightforward starting point for an operator looking to align with an established medical building presence nearby. Its siting across from St. Bernards Building may support tenant visibility and day-to-day convenience for patients and staff traveling to and from the surrounding medical area. Interested parties should review the property details and intended layout with a qualified broker to confirm suitability for their specific practice or healthcare office requirements.

Key Highlights

• Healthcare‑oriented property positioned directly across from St. Bernards Building
• Located directly across from part of St. Bernards Building for convenient area access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,207

Cap Rate

3.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,140 $584.1K

Cap Rate 7%

$417,243 $417.2K

Cap Rate 9%

$324,522 $324.5K

Market Conditions

NOI Build-Up for 3,456 SF

Gross rent

$51.8K $15.00/SF

− Vacancy

−$3.2K −$0.92/SF

EGI

$48.7K $14.09/SF

− OpEx

−$19.5K −$5.63/SF

NOI

$29.2K $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%

$584,140

Cap Rate 7%

$417,243

Cap Rate 9%

$324,522

Alternative Uses

Best Use

Healthcare Medical

$417.2K

$365.1K – $486.8K (±1% cap)

NOI $29,207 @ 7.0% cap · market cap 3.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$605.1K

$529.4K – $705.9K (±1% cap)

NOI $42,354 @ 7.0% cap · market cap 5.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Children's Therapy Services ... Physician Life Skills Center ... Daycare Center Hello Smile Dentistry Dental Office Moody Carolyn A Physician Louise Hage Medical ... Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair Kitchen & Bath Showroom Storage Facility Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,693

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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What type of property is this? Where is this medical centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical center - Healthcare-oriented property positioned directly across from St. Bernards Building for convenient area access.

Where is this medical center located?

The property is located at 217 E Cherry Ave Jonesboro, AR.

What is the asking price?

The asking price for this property is $835,000.

What are key features of this property?

This property features: Healthcare‑oriented property positioned directly across from St. Bernards Building; Located directly across from part of St. Bernards Building for convenient area access