4 Office Park Dr Little, Little Rock, AR 72211

Building Details

Building Size 4,895 SF More

Year Built 1998 More

Buildings 1 More

Listing Agency: Keller Williams Realty

Listed By: Cassie Wells · License AR EB00047984 Show Phone

Source: Thebrokerlist

Added: Aug 10 Changed: Oct 26 Last Checked: Nov 8 at 2:13AM

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Investment Insights

Based on property information with market context.

This 4,895 SF office building was constructed in 1998 and is zoned O3. The property is identified as suitable for office or medical use, providing a professional setting for business operations and client-facing services. The building is described as meticulously maintained and includes modern amenities.

Located at 4 Office Park Dr in Little Rock, the property offers access for clients and staff. The surrounding area includes the Financial Centre, Pleasant Ridge Town Center, corporate headquarters, retail establishments, dining options, and recreational facilities. Major transportation arteries are also accessible from the property.

Key Highlights

• 4,895 SF office building
• Built in 1998
• O3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,685

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$933,700 $933.7K

Cap Rate 7%

$666,929 $666.9K

Cap Rate 9%

$518,722 $518.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,895 SF

Gross rent

$87.5K $17.88/SF

− Vacancy

−$9.7K −$1.98/SF

EGI

$77.8K $15.90/SF

− OpEx

−$31.1K −$6.36/SF

NOI

$46.7K $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%

$933,700

Cap Rate 7%

$666,929

Cap Rate 9%

$518,722

Alternative Uses

Best Use

Healthcare Medical

$666.9K

$583.6K – $778.1K (±1% cap)

NOI $46,685 @ 7.0% cap · market cap 5.19%

Second Best

Office B

$665.8K

$582.6K – $776.8K (±1% cap)

NOI $46,606 @ 7.0% cap · market cap 5.18%

Theoretical Best

Office A

$889.2K

$778.1K – $1.04M (±1% cap)

NOI $62,246 @ 7.0% cap · market cap 6.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jerry Edwards Physician Tvedten Thomas H ... Physician The Y.O.U. Center Charitable Organization The Healing Clinic Little ... Medical Clinic

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Kitchen & Bath Showroom Electrical Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,466

Businesses Nearby

Explore this area 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

Market

Average Price Trend$/SF for Office buildings in Little Rock, AR

$299 Jul

$249 Aug

$189 Sep

$184 Oct

Properties on Market for Office buildings in Little Rock

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - O3-zoned professional property suited to office and medical operations in Little Rock.

Where is this office building located?

The property is located at 4 Office Park Dr Little 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