Medical Office with Seven
For Sale
$949,000
2603 Browns, Jonesboro, AR 72403
Multiple offices and a multi-station layout support a dental or other medical-office configuration.
Property Size3,972 SF
Price / SF$238.92
Days on Market14
Property Features for 2603 Browns
General Information
Standard status
Active
Size
3,972 SF
Taxes and HOA fees
Annual Taxes
$7,889
Listing Agency:
Arnold Group Real Estate
(870) 932-4681
Listed By:
Kent E. Arnold · License #00010620
(870) 932-4681
Source:
Exprealty
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 31 at 6:27PM
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 Arnold Group Real Estate
Investment Insights
Based on property information with market context.
This 3,972-square-foot medical office is currently configured for dental use, with multiple offices and seven stations. The existing layout provides a defined clinical-office arrangement within the building.
The property is located at 2603 Browns in Jonesboro, Arkansas, 72403. Its current dental-office configuration may support continued medical use, subject to applicable requirements.
The property is located at 2603 Browns in Jonesboro, Arkansas, 72403. Its current dental-office configuration may support continued medical use, subject to applicable requirements.
Key Highlights
- 3,972‑square‑foot medical office property
- Currently configured as a dental office
- Seven stations included in the existing layout
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
$37,121
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
3.91%
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%
$742,420
$742.4K
Cap Rate 7%
$530,300
$530.3K
Cap Rate 9%
$412,456
$412.5K
Market Conditions
NOI Build-Up for 3,972 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
$56.2K $14.16/SF
− Vacancy
−$6.7K −$1.70/SF
EGI
$49.5K $12.46/SF
− OpEx
−$12.4K −$3.12/SF
NOI
$37.1K $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%
$742,420
Cap Rate 7%
$530,300
Cap Rate 9%
$412,456
Alternative Uses
Best Use
Office B
$530.3K
$464.0K – $618.7K
NOI $37,121 @ 7.0% cap · market cap 3.91%
Second Best
Healthcare Medical
$479.5K
$419.6K – $559.5K
NOI $33,567 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$695.4K
$608.5K – $811.3K
NOI $48,678 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple offices and a multi-station layout support a dental or other medical-office configuration.
Where is this medical office space located?
The property is located at 2603 Browns Jonesboro, AR.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,972‑square‑foot medical office property; Currently configured as a dental office; Seven stations included in the existing layout
