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Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Medical Office Space
601 Matthews Ave Jonesboro, AR 72401-3145
Individually Owned
4-yr Hold
Free & Clear
Property ID
US05-0929684
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
10,748 SF
APN
01-144191-34900
UPID
US05-0929684
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
-
Stephen Huddleston, MD Ophthalmologist
-
Southern Eye Associates Medical Clinic Ophthalmologist
-
Josh Little, MD Ophthalmologist
-
Roger D. Baker, OD Physician
-
Sawyer William L DO Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$325k
Owner & transaction history
Robin A Rhein Baxter · 4 yrs held
Robin A Rhein Baxter
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+55.7%
Auto repair, garage
$915,000
+39.5%
Office building
$865,000
+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
$655,000
Current use
RESTAURANT
$1,020,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$795,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$715,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$325k
Range $293k – $358k · ±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
$30 / 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
$15,554
Tax year 2024
Assessed value
$368,567
Assessed 2024
Previous assessed
$368,567
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$33,784
Assessed improvement
$334,783
Land market value
$168,920
Improvement market value
$1,673,915
Total market value
$1,842,835
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
2
Total area
10,748 SF
APN
01-144191-34900
UPID
US05-0929684
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
$655,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$915,000
OFFICE BUILDING
Est. value
$865,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$795,000
RETAIL STORES
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$710,000
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
2
Current owner
From public records · entity-resolved
Robin A Rhein Baxter
Individual
Free & Clear · 4 yrs held
Mailing address
601 E MATTHEWS AVE, JONESBORO, AR 72401-3145
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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 25, 2022
—
Robin A Rhein Baxter
Robert W Rhein
Beneficiary Deed
related
—
Feb 6, 2013
$775,000
Eyelife Properties LLC
Tms Lasers LLC
Warranty Deed
$500,000 · Iberiabank
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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