Back to Search

Midtown Office Building For Sale

200 S University Ave, Little Rock, AR 72205

View on Map

For Sale

$2,175,000

Two-story office building in Midtown's medical district.

Type:Office

Property size:

19,643 SF

Price / SF:

$110/SF

HighLights

Excellent location in the heart of Midtown’s medical district with direct ingress/egress to University Avenue.
Abundant parking including covered ground‑level parking.
±18,916 SF Two‑Story Office Building on ±0.60 Acres.
Layout and design ideal for medical, higher education, or general office use.
±9,092 SF of office space on both the 2nd and 3rd floors.
Owner will pay Tenant Firm 4% on purchase price or total gross rents!

We can help!

Listing Contact

Brandon Sheard

For Sale

$2,175,000

Two-story office building in Midtown's medical district.

Type:Office

Property size:

19,643 SF

Price / SF:

$110/SF

Added:: Nov 21, 2025
Days on Market:: 207
Last Refresh:: May 19 at 8:26 pm

Property Features for 200 S University Ave

General Information

Standard status: Active
Size: 19,643 SF
Property subtype: Office

Building Details

Year Built: 1983

We can help!

Listing Contact

Brandon Sheard

Listing agent Brandon Sheard License #AR #SA00086221

Listing office Kelley Commercial Partners - Little Rock

Listing date Nov 21, 2025

Source Kelleycommercialpartners

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kelley Commercial Partners - Little Rock

HighLights

Excellent location in the heart of Midtown’s medical district with direct ingress/egress to University Avenue.
Abundant parking including covered ground‑level parking.
±18,916 SF Two‑Story Office Building on ±0.60 Acres.
Layout and design ideal for medical, higher education, or general office use.
±9,092 SF of office space on both the 2nd and 3rd floors.
Owner will pay Tenant Firm 4% on purchase price or total gross rents!

Overview

This two-story office building offers approximately 18,916 square feet of space on a 0.60-acre lot. The property is situated in the heart of Midtown's medical district, providing an advantageous location. Access is facilitated by ingress and egress directly to University Avenue at a lighted intersection. The building features approximately 9,092 square feet of office space on both the second and third floors. Abundant parking is available, including a covered ground-level parking area. The layout and design are suitable for medical, higher education, or general office use.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$351.2k	$17.88
− Vacancy	−$39.0k	−$1.98
EGI	$312.2k	$15.90
− OpEx	−$124.9k	−$6.36
NOI	$187.3k	$9.54

19,643 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$2.68M

$2.34M – $3.12M (±1% cap)

NOI $187,339 @ 7.0% cap · market cap 8.61%

Second Best

Office B

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $187,025 @ 7.0% cap · market cap 8.60%

Theoretical Best

Office A

$3.57M

$3.12M – $4.16M (±1% cap)

NOI $249,785 @ 7.0% cap · market cap 11.48%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Eastern College-Health Vctns College Pulaski County Health ... Public Health Department

Suggested Use

Similar Places Nearby

Pawzitive Perfection LLC — 5300 W Markham St, Little Rock, AR 72205

Location Insight

Map
Local Demand

City: Little Rock
County: Pulaski
State: Arkansas
Longitude: -92.3419
Latitude: 34.7513

Nearby Similar for Sale

$150,000

6,778 SF

Auto Service Shop

Corner-lot auto shop on a month-to-month tire shop lease with extremely high traffic flow.

5021 Asher Avenue, Little Rock, AR 72204

View Details
$1,200,000

12,090 SF

Mixed-Use Site in Little Rock

8.15-acre mixed-use site with commercial, industrial, and entertainment facilities.

700 Russenberger Road, Little Rock, AR 72206

View Details
$1,199,000

6,692 SF

Historic Multifamily Property in Little Rock

Nine-unit apartment building in the Governor's Historic District.

1500 Center Street, Little Rock, AR 72206

View Details
$324,000

4,392 SF

Four-Unit Townhouse Renovation Opportunity

Townhouse building with renovation potential in Little Rock, Arkansas.

2007 Sanford Drive, Little Rock, AR 72227

View Details
$950,000

9,261 SF

Little Rock Multifamily Investment

Fully rented multifamily property near downtown Little Rock hotspots.

904 S Commerce, Little Rock, AR 72202

View Details
$1,150,000

10,502 SF

Historic Mixed-Use Building, Little Rock

Income-producing commercial and residential property in downtown Little Rock.

614 Center Street, Little Rock, AR 72201

View Details
$1,395,000

13,468 SF

Updated 16-Unit Apartment Complex

Well-maintained Little Rock apartment complex with modern updates and strong occupancy.

515 Brookside Drive, Little Rock, AR 72205

View Details
$950,000

9,261 SF

Fully Rented Little Rock Multifamily

Multifamily property in Little Rock, fully rented and updated.

415 E 9th, Little Rock, AR 72202

View Details
$215,000

2,810 SF

Little Rock Multifamily Investment Property

Three-unit multifamily property with off-street parking in Little Rock.

1921 Wright Avenue, Little Rock, AR 72202

View Details
$300,000

4,680 SF

Four-Unit Multifamily Investment Opportunity

Four-unit property in Little Rock with income potential.

1806 Sanford Drive, Little Rock, AR 72227

View Details
$650,000

7,984 SF

Little Rock Multifamily Investment

Multifamily complex with income potential in Little Rock, Arkansas.

10223 Lanehart Road, Little Rock, AR 72204

View Details
$289,900

3,658 SF

Little Rock Multifamily Investment Opportunity

Updated 5-unit property with income potential in Little Rock, AR.

3312 W 12th St, Little Rock, AR 72204

View Details

For sale
Medical Office Space
AR
Little Rock
72205
200 S University Ave

What type of property is this?

Medical Office Space - Two-story office building in Midtown's medical district.

Where is this medical office space located?

The property is located at 200 S University Ave Little Rock, AR.

What is the asking price?

The asking price for this property is $2,175,000.

What are key features of this property?

This property features: Excellent location in the heart of Midtown’s medical district with direct ingress/egress to University Avenue.; Abundant parking including covered ground‑level parking.; ±18,916 SF Two‑Story Office Building on ±0.60 Acres.