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 Market29
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: Sep 8
Last Checked: Aug 25 at 5:18AM
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-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 = 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
$46,255
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
5.15%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,466
Businesses Nearby
Explore this area
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
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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
