7 Office Park Dr Little Rock, AR 72211
Medical and professional office building in a convenient, peaceful location.
Property Features for 7 Office Park Dr
General Information
- Standard status
- Active
- Size
- 21,423 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing office RPM Group (501) 664-1775
Listing date May 15, 2024
Source Crexi
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 RPM Group
Investment Insights
Based on property information with market context.
Key Highlights
- Premium medical/professional office building with exceptional accessibility to I‑630 and I‑430.
- Conveniently located near Arkansas Heart Hospital, Baptist Health Medical Center, retail, restaurants, and hotels.
- Abundant on‑site parking.
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 | $383.0k | $17.88 |
| − Vacancy | −$42.5k | −$1.98 |
| EGI | $340.5k | $15.90 |
| − OpEx | −$136.2k | −$6.36 |
| NOI | $204.3k | $9.54 |
Alternative Uses
Property Analytics
Current Use by Public Records
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