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Property profile & analytics
FOR SALE
Office buildings
3637 E Johnson Ave, Jonesboro, AR 72401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US05-1493145
For Sale
1 / 6
$1,600,000
3637 E Johnson Ave, Jonesboro, AR 72401
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Property summary
AI-generated overview
This exceptional 3,600 square foot space is part of a recently renovated, 6,600 square foot building located at 3637 E Johnson Ave, Jonesboro, AR 72401. The property, zoned C-3 LUO, sits on a 0.8-acre lot in Craighead County (APN: 01-144102-01200) and offers a prime location along Highway 49 North, benefiting from high visibility and traffic flow between major intersections. The building features two suites, with this 3,600 square foot space representing the final available unit in a thriving development. Ideal for medical, office, or retail uses, this space provides a versatile layout suitable for a variety of businesses. The high demand and low supply of comparable lease space in this rapidly growing area make this a unique opportunity for businesses seeking to establish or expand their presence in a dynamic and high-traffic location. The property is available for lease as a single, contiguous space. This is a multi-tenant building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
6,721 SF
Lot
0.8 ac (34,848 SF)
APN
01-144102-01200
UPID
US05-1493145
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 First Care - Hilltop Medical Clinic
-
First Care - Hilltop Medical Clinic
-
Dr. William Little Dental Office
-
Ideal Option Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$840k
Owner & transaction history
P&f Investments LLC · 5 yrs held
P&f Investments LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$790,000
+9.9%
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%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$670,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$125 / 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
$8,582
Tax year 2024
Assessed value
$178,600
Assessed 2024
Previous assessed
$178,600
+0.0% YoY
Effective rate
4.81%
On assessed value
Assessed land
$50,007
Assessed improvement
$128,593
Land market value
$250,035
Improvement market value
$642,965
Total market value
$893,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
6,721 SF
Lot
0.8 ac (34,848 SF)
APN
01-144102-01200
UPID
US05-1493145
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
OFFICE BUILDING Current
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
RETAIL STORES
Est. value
$670,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Bathrooms
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
P&f Investments LLC
Entity
Mailing address
PO BOX 16787, JONESBORO, AR 72403-6712
Ownership since
2021
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
Jun 14, 2021
—
P&f Investments LLC
—
Deed
related
$2,250,000 · Forrest City Bank NA
May 17, 2021
—
P&h Investments LLC
—
Deed
related
$1,360,000 · Forrest City Bank NA
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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