Office Building with Medical
New
For Sale
$899,000
4 Office Park Dr Little, Little Rock, AR 72211
O3-zoned professional property suited to office and medical operations in Little Rock.
Property Size4,895 SF
Price / SF$183.66
Days on Market2
Property Features for 4 Office Park Dr Little
General Information
Standard status
Active
Size
4,895 SF
Class
B
Property subtype
Medical/Healthcare
Zoning
O3
Building Details
Building Size
4,895 SF
Year Built
1998
Buildings
1
Listing Agency:
Keller Williams Realty
(501) 993-1973
Listed By:
Cassie Wells · License #EB00047984
(501) 993-1973
Source:
Thebrokerlist
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:50AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$933,700
$933.7K
Cap Rate 7%
$666,929
$666.9K
Cap Rate 9%
$518,722
$518.7K
Market Conditions
NOI Build-Up for 4,895 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $46,685 @ 7.0% cap · market cap 5.19%
Second Best
Office B
$665.8K
$582.6K – $776.8K
NOI $46,606 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$889.2K
$778.1K – $1.04M
NOI $62,246 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - 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
