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    Property profile & analytics

    623 Matthews Ave, Unit 2B Jonesboro, AR 72401-3145

    • Medical offices
    • 17,224 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US05-1483732
    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.

    Current Use by Public Records

    • Harral Russell L MD / Ophthalmologist
    • Vision Care Center-Ne Arkansas / Ophthalmologist / Eye Care Center
    • Alyssa Wenger, MD / Ophthalmologist
    • Jerry Young, OD / Optometrist
    • Baltz Danny OD / Optometrist

    Property Details for 623 Matthews Ave

    Lot size
    0.39 lot acres
    Property size
    17,224 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    01-144191-36401
    APU
    114419136401

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $430,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $430,000
      Mixed-Use
      $425,000
      Hospitality
      $365,000
      Educational
      $440,000
      Residential Income
      $390,000
      Energy
      $385,000
      Income-Based Land
      $420,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.6983
    Latitude
    35.8353
    CBSA code
    27860
    CBSA name
    JONESBORO, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,277
    $2,827
    $122,229
    $125,056
    -
    $14,135
    $611,145
    $625,280

    Comparable in this City

    • Value Estimation by Request
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      300 Cate Ave

      MEDICAL BUILDING • 1,550 SF
      300 Cate Ave, Jonesboro, AR 72401-2938
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    • Value Estimation by Request
      54,960 SF

      800 Church St

      MEDICAL BUILDING • 54,960 SF
      800 Church St, Jonesboro, AR 72401-4176
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    • Value Estimation
      $465,000
      4,623 SF

      809 Windover Rd

      MEDICAL BUILDING • 4,623 SF
      809 Windover Rd, Jonesboro, AR 72401-6010
      View Details
    • Value Estimation by Request
      28,651 SF

      1100 Matthews Ave

      MEDICAL BUILDING • 28,651 SF
      1100 Matthews Ave, Jonesboro, AR 72401-4314
      View Details
    • Value Estimation by Request
      54,960 SF

      800 Church St Ste, Unit 101

      MEDICAL BUILDING • 54,960 SF
      800 Church St Ste, Jonesboro, AR 72401-4154
      View Details
    • Value Estimation
      $1,195,000
      4,601 SF

      2609 Browns Ln

      MEDICAL BUILDING • 4,601 SF
      2609 Browns Ln, Jonesboro, AR 72401-7227
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,484 SF

      Medical Office in Jonesboro, Arkansas

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      912 Osler Suite A Dr, Jonesboro, AR 72401
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    • $1,990,000
      12,512 SF

      Medical Office Building For Sale

      Well-maintained medical office building in Jonesboro's medical corridor.
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      Hilltop Office Building For Sale

      ±6,600 SF, Jonesboro, AR. High demand.
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    • $1,250,000
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      Refined Medical Office in Jonesboro

      Inviting dental office with modern equipment and calming atmosphere.
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    • $1,250,000
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      Well-appointed dental office with reception, patient, and recovery rooms.
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    Similar Nearby for Lease

    • $3,500 /Mo
      2,484 SF

      Jonesboro Medical Office Space Available

      Prime medical office space in the heart of Jonesboro's Medical Mile.
      912 Osler Dr, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      6,600 SF

      Hilltop Medical/Office Space For Lease

      Jonesboro, AR: 3,600 SF Available
      3637 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $15 SF/Yr
      15,000 SF

      Jonesboro Medical Office Space

      Prime 15,000 SF Medical Office in Jonesboro, AR
      4212 Johnson Ave, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      2,100 SF

      Jonesboro Office Building For Lease

      2,100 SF Medical/Office Space, Prime Location
      2206 Fowler Ave, Jonesboro, AR 72401
      View Details
    • $18 SF/Yr
      45,000 SF

      Sushma Park Retail Space

      Jonesboro, AR Retail Opportunity
      900 Southwest Dr, Jonesboro, AR 72401
      View Details
    • $25 SF/Yr
      23,218 SF

      801 Osler Dr

      Medical offices • 23,218 SF
      801 Osler Dr, Jonesboro, AR 72401
      View Details
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    Jonesboro, AR 72401-3145
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    Realmo Value Estimation

    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.

    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.

    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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