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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Medical Office Space
1007 Matthews Ave, Jonesboro, AR 72401-4308
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US05-0929590
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
7,688 SF
APN
01-144202-16900
UPID
US05-0929590
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
St Bernards Gastroenterology Hospital
-
Dr. Barry M. Garner, MD Physician
-
Casey Morris Physician
-
Jeffrey Stidman, MD Physician
-
Matt Garner, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$630k
Owner & transaction history
Big Three Properties LLC · 14 yrs held
Big Three Properties LLC
since 2011
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$730,000
+55.7%
Auto repair, garage
$655,000
+39.5%
Office building
$620,000
+31.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$470,000
Current use
RESTAURANT
$730,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$570,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$510,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,928
Tax year 2024
Assessed value
$282,661
Assessed 2024
Previous assessed
$282,661
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$68,476
Assessed improvement
$214,185
Land market value
$342,380
Improvement market value
$1,070,925
Total market value
$1,413,305
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,688 SF
APN
01-144202-16900
UPID
US05-0929590
Jurisdiction
CRAIGHEAD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$470,000
RESTAURANT
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$655,000
OFFICE BUILDING
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$570,000
RETAIL STORES
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$505,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Big Three Properties LLC
Entity
Mailing address
400 HUNTCLIFF DR, JONESBORO, AR 72404-8840
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
—
Big Three Properties LLC
—
Deed
related
$550,000 · Encore Bank NA
Sep 15, 2011
$825,000
Big Three Properties LLC
Arkansas Orthopedic Partners
Warranty Deed
$828,743 · Simmons First Bank Nea
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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