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    Medical Office Building For Sale Title is generated by Realmo AI

    424 N University Ave, Little Rock, AR

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    Medical office building in Little Rock's medical corridor.

    Type:OFFICE
    Property size:
    11,948 SF
    Lot size:
    1.02 Acres
    Price / SF:
    $161/SF
    Added:
    Jun 9, 2025
    Days on Market:
    382
    Last Refresh:
    May 19 at 9:02 pm

    Property Features for 424 N University Ave

    General Information

    Standard status
    Active
    Size
    11,948 SF
    Lot size
    1.02 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 424 N University Ave Contact us

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    Bryan Crow
    Bryan Crow

    Listing office Hathaway Group

    Listing date Jun 9, 2025

    Source Moodyscre

    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 Hathaway Group

    HighLights

    • Located within Little Rock's established medical corridor (UAMS, CHI St. Vincent, Doctor's Building)
    • Great visibility with exposure to 22,000 vpd
    • Currently utilized by medical office users
    • Located at the southwest corner of University Ave. and Father Tribou St.
    • In "Midtown"

    Overview

    The property is currently utilized by medical office users. It is located at the southwest corner of University Ave. and Father Tribou St. in Midtown. The property benefits from great visibility with exposure to 22,000 vehicles per day. It is situated within Little Rock’s established medical corridor, near UAMS, CHI St. Vincent, and Doctor’s Building. The building has a size of 11,948 square feet.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $213.6k $17.88
    − Vacancy −$23.7k −$1.98
    EGI $189.9k $15.90
    − OpEx −$76.0k −$6.36
    NOI $114.0k $9.54
    11,948 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,950 @ 7.0% cap · market cap 5.92%
    Second Best
    Office B
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,759 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Office A
    $2.17M
    $1.90M – $2.53M (±1% cap)
    NOI $151,934 @ 7.0% cap · market cap 7.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crowder Dan Dental Office Little Rock Family ... Physician Little Rock Family ... Physician Little Rock Foot ... Physician Katie L. Johnson, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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    • Allpets Animal Hospital — 5208 Kavanaugh Blvd #1, Little Rock, AR 72207

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3416
    Latitude
    34.7556

    FAQs

    What type of property is this?
    Medical Office Space - Medical office building in Little Rock's medical corridor.
    Where is this medical office space located?
    The property is located at 424 N University Ave Little Rock, AR.
    What is the asking price?
    The asking price for this property is $1,925,000.
    What are key features of this property?
    This property features: Located within Little Rock's established medical corridor (UAMS, CHI St. Vincent, Doctor's Building); Great visibility with exposure to 22,000 vpd; Currently utilized by medical office users
    (501) 708-8040 Call to check price and availability
    More about this property
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