Midtown Office Building For
For Sale
$2,175,000
200 S University Ave, Little Rock, AR 72205
Two-story office building in Midtown's medical district.
Property Size19,643 SF
Price / SF$110.73
Days on Market253
Property Features for 200 S University Ave
General Information
Standard status
Active
Size
19,643 SF
Property subtype
Office
Building Details
Year Built
1983
Listing Agency:
Kelley Commercial Partners - Little Rock
(214) 364-5449
Listed By:
Brandon Sheard · License #AR #SA00086221
(214) 364-5449
Source:
Kelleycommercialpartners
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 1 at 3:34AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $187,339 @ 7.0% cap · market cap 8.61%
Second Best
Office B
$2.67M
$2.34M – $3.12M
NOI $187,025 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,785 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,831
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
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.
Similar Off Market Nearby
- Pawzitive Perfection LLC — 5300 W Markham St, Little Rock, AR 72205
Frequently Asked Questions
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.
