Medical Office Space with
New
For Sale
$899,000
4 Office Park, Little Rock, AR 72223
COMMERCIAL - Little Rock, AR
Property Size4,895 SF
Lot Size0.55 Acres
Price / SF$185.36
Days on Market2
Property Features for 4 Office Park
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Office
Parking
19
Interior features
Public Restrooms, Kitchen Area
Exterior features
Fully Fenced
Fencing
Full
Lot features
Level, Not in Subdivision
Directions
WLR
Subdivision
Little Rock
Standard status
Active
Size
4,850 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
lot 11 block 0
Tax Annual Amount
10264
Legal Description
lot 11 block 0
Building Details
Year built
1998
Floors in Building
1
Flooring type
Concrete
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Cassie Wells · License #EB00047984
(501) 993-1973
Added: Aug 10
Last Checked: Aug 11 at 7:06PM
MLS# 26032555
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1998-built medical office property at 4 Office Park, Little Rock, Arkansas, provides 4,850 square feet of professional space on a 0.55-acre parcel. The layout includes public restrooms and a kitchen area, with concrete flooring throughout. The property is also fully fenced and has a composition roof.
Zoned O3, the building supports office or medical use. Its Little Rock location places the property within Pulaski County and is identified by ZIP Code 72223.
Zoned O3, the building supports office or medical use. Its Little Rock location places the property within Pulaski County and is identified by ZIP Code 72223.
Key Highlights
- 4,850 square feet of medical office space
- 0.55‑acre parcel at 4 Office Park, Little Rock, AR 72223
- O3 zoning supports office or medical use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,255
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,100
$925.1K
Cap Rate 7%
$660,786
$660.8K
Cap Rate 9%
$513,944
$513.9K
Market Conditions
NOI Build-Up for 4,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.7K $17.88/SF
− Vacancy
−$9.6K −$1.98/SF
EGI
$77.1K $15.90/SF
− OpEx
−$30.8K −$6.36/SF
NOI
$46.3K $9.54/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$925,100
Cap Rate 7%
$660,786
Cap Rate 9%
$513,944
Alternative Uses
Best Use
Healthcare Medical
$660.8K
$578.2K – $770.9K
NOI $46,255 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$659.7K
$577.2K – $769.6K
NOI $46,178 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$881.1K
$770.9K – $1.03M
NOI $61,674 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,466
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72223, AR
25,465
Population
12,279
Households
2.1
Avg Household Size
41
Median Age
66%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
525
Density / Sq Mi
$99,063
Median Household Income
$62,227
Median Earnings
$1,242
Median Rent
$435,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - O3-zoned professional space includes public restrooms, a kitchen area, and full perimeter fencing.
Where is this medical office space located?
The property is located at 4 Office Park Little Rock, AR.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,850 square feet of medical office space; 0.55‑acre parcel at 4 Office Park, Little Rock, AR 72223; O3 zoning supports office or medical use
