O3-Zoned Office
For Sale
$899,000
4 Office Park, Little Rock, AR 72223
Established professional property configured for office or medical occupancy.
Property Size4,895 SF
Price / SF$185.36
Days on Market85
Property Features for 4 Office Park
General Information
Standard status
Active
Size
4,895 SF
Zoning
O3
Building Details
Year Built
1998
Buildings
1
Building Size
4,895 SF
Listing Agency:
Keller Williams Realty
Listed By:
Cassie Wells · License #EB00047984
(501) 993-1973
Source:
Pcsingtolittlerock
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 7 at 4:41PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 4,895-square-foot office building at 4 Office Park Dr. provides a professional setting for office or medical operations. Constructed in 1998, the property is described as maintained and offers a dedicated commercial building for users seeking an office-oriented asset.
The property is located in Little Rock, Arkansas, and carries O3 zoning. Its stated office and medical suitability supports multiple professional occupancy formats within the existing building.
The property is located in Little Rock, Arkansas, and carries O3 zoning. Its stated office and medical suitability supports multiple professional occupancy formats within the existing building.
Key Highlights
- 4,895 SF office building
- Built in 1998
- O3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,255
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,466
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established professional property configured for office or medical occupancy.
Where is this office building 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: 4,895 SF office building; Built in 1998; O3 zoning
