Medical Office
For Sale
$279,000
406 W 26th Street, North Little Rock, AR 72114
Commercial / Industrial, Traditional, North Little Rock, AR
Property Size2,932 SF
Lot Size0.27 Acres
Price / SF$95.16
Days on Market269
Property Features for 406 W 26th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, O-1 Quiet Office
Parking
15
Lot features
Level
Directions
Right on 26th building on the left.
Subdivision
NORTH LITTLE ROCK (DOWNTOWN/EAST
Standard status
Active
Size
2,932 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
Lot 14, Block 23
Tax Annual Amount
1762
Legal Description
Lot 14, Block 23
Building Details
Year built
1971
Floors in Building
1
Flooring type
Concrete, Carpet - Partial, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Marshall Peters & Associates
(501) 414-8340
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Added: Jan 10
Changed: Oct 5
Last Checked: Oct 6 at 2:06AM
MLS# 26001614
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property contains two similarly sized suites, each arranged with offices and examination rooms. One side previously operated as a hearing lab; the other was used as a doctor’s office and is vacant. Front-door parking serves the building, and the composition roof was three years old at the time of the listing.
The property is on a 0.27-acre parcel at 406 W 26th Street in North Little Rock. Built in 1971, the building has concrete, partial carpet, and vinyl flooring.
The property is on a 0.27-acre parcel at 406 W 26th Street in North Little Rock. Built in 1971, the building has concrete, partial carpet, and vinyl flooring.
Key Highlights
- Two suites with office and examination‑room layouts
- One suite is vacant; the other previously housed a hearing lab
- 0.27‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,521
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,420
$490.4K
Cap Rate 7%
$350,300
$350.3K
Cap Rate 9%
$272,456
$272.5K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$36.9K $12.60/SF
− Vacancy
−$4.2K −$1.45/SF
EGI
$32.7K $11.15/SF
− OpEx
−$8.2K −$2.79/SF
NOI
$24.5K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,420
Cap Rate 7%
$350,300
Cap Rate 9%
$272,456
Alternative Uses
Best Use
Healthcare Medical
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 11.36%
Second Best
Office B
$350.3K
$306.5K – $408.7K
NOI $24,521 @ 7.0% cap · market cap 8.79%
Theoretical Best
Specialty Retail
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Park Hill Pet Clinic — 2900 N Main St, North Little Rock, AR 72116
- Eubanks Veterinary Clinic — 1219 W 35th St, North Little Rock, AR 72118
- Shaw Andrea L DVM — 3716 John F Kennedy Blvd, North Little Rock, AR 72116
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two similarly sized suites have office and examination-room layouts.
Where is this medical office space located?
The property is located at 406 W 26th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two suites with office and examination‑room layouts; One suite is vacant; the other previously housed a hearing lab; 0.27‑acre parcel
