Two-Story Office
For Sale
Contact for pricing
200 S University Ave, Little Rock, AR 72205
Two-story office building with 9,092 SF across 2nd and 3rd floors, plus abundant and covered parking.
Property Size18,916 SF
Lot Size0.60 Acres
Price / SF$114.98
Days on Market766
Property Features for 200 S University Ave
General Information
Standard status
Active
Size
18,916 SF
Lot size
0.60 Acres
Property subtype
OFFICE
Additional Details
Business Included
No
Road Access
Yes
Building Details
Stories
2
Listing Agency:
Kelley Commercial Partners - Little Rock
(214) 364-5449
Listed By:
Brandon Sheard · License #SA00080903
(214) 364-5449
Source:
Moodyscre
Added: Jun 27, 2024
Changed: Jul 28
Last Checked: Jul 28 at 9:39PM
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 9,092 SF of office space on both the 2nd and 3rd floors. The building is designed with a layout and configuration suitable for medical, higher education, or general office use.
The property is positioned in the heart of Midtown’s medical district. Ingress and egress are available directly to University Avenue at a lighted intersection, supporting straightforward access.
An on-site parking offering includes an abundant covered ground-level parking area, providing convenient day-to-day access for tenants and visitors.
The property is positioned in the heart of Midtown’s medical district. Ingress and egress are available directly to University Avenue at a lighted intersection, supporting straightforward access.
An on-site parking offering includes an abundant covered ground-level parking area, providing convenient day-to-day access for tenants and visitors.
Key Highlights
- ±18,916 SF two‑story office building on ±1.60 acres
- 9,092 SF of office space on the 2nd and 3rd floors
- Abundant parking, including a covered ground level parking area
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 | $338.2k | $17.88 |
| − Vacancy | −$37.5k | −$1.98 |
| EGI | $300.7k | $15.90 |
| − OpEx | −$120.3k | −$6.36 |
| NOI | $180.4k | $9.54 |
18,916 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.58M
$2.26M – $3.01M
NOI $180,406 @ 7.0% cap · market cap 8.29%
Second Best
Office B
$2.57M
$2.25M – $3.00M
NOI $180,103 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,541 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,831
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with 9,092 SF across 2nd and 3rd floors, plus abundant and covered parking.
Where is this office building 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: ±18,916 SF two‑story office building on ±1.60 acres; 9,092 SF of office space on the 2nd and 3rd floors; Abundant parking, including a covered ground level parking area
