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    1906 W Matthews Ave Jonesboro, AR 72401
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    1906 W Matthews Ave Jonesboro, AR 72401

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    • Apartment buildings
    • 42,580 SF
    For Sale
    $4,750,000
    View Listing →
    Jonesboro Apartments Near Employers For Sale
    $4,750,000
    40,000 SF

    Jonesboro Apartments Near Employers

    Apartment complex near major employers with recent renovations.

    1906 W Matthews Avenue, Jonesboro, AR 72401
    View Listing
    Property ID
    US05-0905884
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stratford Manor Apartments / Apartment Building

    Property Details for 1906 W Matthews Ave

    Property size
    42,580 SF
    Property type
    Apartment buildings

    Description

    This apartment complex is located close to numerous large employers in Jonesboro. Riceland, ASU, St. Bernard's and several more. Apartment buildings have three year old roofs, new flooring, paint, counter tops, some appliances, several new HVAC's and water heaters and the outside has been repainted within last three years also. Call your favorite Realtor today for your private viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.731883
    Latitude
    35.83595

    Comparable in this City

    • $730,000
      7,944 SF

      Jonesboro Flex Space For Sale

      Centrally located flex space with income-producing apartments and warehouse.
      301 Belmont St, Jonesboro, AR 72401
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    • $635,000
      7,410 SF

      Jonesboro Multifamily Investment Opportunity

      Nine-unit apartment complex near Arkansas State University.
      1700 Pineview St, Jonesboro, AR 72401
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    • $399,900
      6,716 SF

      Jonesboro Multifamily Investment Opportunity

      Two fourplexes near Arkansas State University, ideal for investors.
      1900 Cedar Heights Dr, Jonesboro, AR 72401
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    • $4,750,000
      40,000 SF

      Jonesboro Apartments Near Employers

      Apartment complex near major employers with recent renovations.
      1906 W Matthews Ave, Jonesboro, AR 72401
      View Details
    • $730,000
      7,944 SF

      Jonesboro Building with Income Potential

      Warehouse with apartments and additional land in high-visibility area.
      301 Belmont St, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      5,362 SF

      Jonesboro Multifamily Investment Opportunity

      Six fully occupied, modern 2-bedroom units in Jonesboro.
      319 Scott St, Jonesboro, AR 72401
      View Details

    Similar Nearby for Sale

    • $730,000
      7,944 SF

      Jonesboro Flex Space For Sale

      Centrally located flex space with income-producing apartments and warehouse.
      301 Belmont St, Jonesboro, AR 72401
      View Details
    • $635,000
      7,410 SF

      Jonesboro Multifamily Investment Opportunity

      Nine-unit apartment complex near Arkansas State University.
      1700 Pineview St, Jonesboro, AR 72401
      View Details
    • $4,750,000
      40,000 SF

      Jonesboro Apartments Near Employers

      Apartment complex near major employers with recent renovations.
      1906 W Matthews Ave, Jonesboro, AR 72401
      View Details
    • $730,000
      7,944 SF

      Jonesboro Building with Income Potential

      Warehouse with apartments and additional land in high-visibility area.
      301 Belmont St, Jonesboro, AR 72401
      View Details
    • Contact for pricing
      5,362 SF

      Jonesboro Multifamily Investment Opportunity

      Six fully occupied, modern 2-bedroom units in Jonesboro.
      319 Scott St, Jonesboro, AR 72401
      View Details
    • Contact for pricing

      72-Unit Apartment Community in Jonesboro

      Apartment community in Jonesboro, Arkansas, near major employers and I-555.
      3412 Sun Ave, Jonesboro, AR 72401
      View Details

    Similar Nearby for Lease

    • $1,838 /Mo

      2701 S Caraway Rd, Unit building b1 & b2

      2 PROFESSIONAL OFFICE SPACES FOR LEASE
      2701 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $3,950 /Mo
      7,708 SF

      Retail Space in Jonesboro, AR

      7,708 SF retail space available for rent in Jonesboro.
      316 E Johnson Ave, Jonesboro, AR 72401
      View Details
    • $2,500 /Mo
      2,924 SF

      Downtown Jonesboro Corner Retail Space

      2,924 SF freestanding building on a high-visibility corner lot.
      101 E Forrest St, Jonesboro, AR 72401
      View Details
    • $10 SF/Yr
      2,550 SF

      Retail Space in Jonesboro, AR

      High-visibility retail space with strong foot traffic in Jonesboro.
      2929 S Caraway Ste 2 & 3, Jonesboro, AR 72401
      View Details
    • $13 SF/Yr
      7,370 SF

      Retail Space in Jonesboro, AR

      Retail space with high visibility and strong foot traffic.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    • $13 SF/Yr
      7,370 SF

      High-Visibility Retail/Office Space Available

      Retail and office units with high traffic and visibility.
      2929 S Caraway Rd, Jonesboro, AR 72401
      View Details
    View Listing
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    Jonesboro, AR 72401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1906 W Matthews Ave, Jonesboro, AR, 72401
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