Office Unit with Central Business
For Sale
Contact for pricing
14 Office Park Dr, Little Rock, AR 72211
The property includes electric service and central air.
Property Size460 SF
Price / SF$1.42
Days on Market129
Property Features for 14 Office Park Dr
General Information
Standard status
Active
Size
460 SF
Building Details
Year Built
1982
Listing Agency:
ArkBest Realty, Inc.
Listed By:
Nathan Hutchins · License ##PB00063530
(501) 912-3660
Source:
Pcsingtolittlerock
Added: Jun 16
Changed: Oct 15
Last Checked: Oct 7 at 5:03PM
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 ArkBest Realty, Inc.
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Investment Insights
Based on property information with market context.
This office unit is located at 14 Office Park Drive in Little Rock and carries Central Business zoning. The property includes electric service and central air, with a built-to-suit exterior feature. Constructed in 1982, it is situated within an office park area accessible from Shackleford Road and Executive Center Drive.
Key Highlights
- Central Business zoning
- Electric service and central air
- Built‑to‑suit exterior feature
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,380
Suggested Prices Based on Cap Rates
Cap Rate 5%
$87,600
$87.6K
Cap Rate 7%
$62,571
$62.6K
Cap Rate 9%
$48,667
$48.7K
Market Conditions
NOI Build-Up for 460 SF
Gross rent
$6.6K $14.28/SF
− Vacancy
−$729 −$1.59/SF
EGI
$5.8K $12.69/SF
− OpEx
−$1.5K −$3.17/SF
NOI
$4.4K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$87,600
Cap Rate 7%
$62,571
Cap Rate 9%
$48,667
Alternative Uses
Best Use
Office B
$62.6K
$54.8K – $73.0K
NOI $4,380 @ 7.0% cap · market cap 671.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$83.6K
$73.1K – $97.5K
NOI $5,849 @ 7.0% cap · market cap 897.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,425
Businesses Nearby
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Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The property includes electric service and central air.
Where is this office unit located?
The property is located at 14 Office Park Dr Little Rock, AR.
What are key features of this property?
This property features: Central Business zoning; Electric service and central air; Built‑to‑suit exterior feature
