Medical Office
For Sale
Contact for pricing
824 S Spring St, Little Rock, AR 72201
Central Little Rock medical facility with adaptable clinical-ready layout and UU zoning for office, medical, or specialty uses.
Property Size8,568 SF
Price / SF$105.04
Days on Market102
Property Features for 824 S Spring St
General Information
Standard status
Active
Size
8,568 SF
Total Parking Spaces
23
Property subtype
Office
Zoning
UU, Urban Use
Lease Type
NNN
Site & Location
Neighborhood
Little Rock Arts Na
Highway Access
Yes
Amenities
medical-grade walk-in refrigerator
Building Details
Year Built
2000
Buildings
1
Tenancy
Single
Listing Agency:
Kelley Commercial Partners
Listed By:
Brandon Sheard · License #AR SA00086221
(214) 364-5449
Source:
Crexi
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 30 at 12:34PM
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 Kelley Commercial Partners
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Investment Insights
Based on property information with market context.
This medical office building was originally constructed in 2000 as a medical facility and offers existing clinical infrastructure and a layout well-suited for healthcare, specialty office, lab, wellness, or professional service uses. The interior includes large intake and waiting areas, multiple restrooms, private offices, employee support areas, and flexible open space with potential for treatment rooms.
The building also features a medical-grade walk-in refrigerator for temperature-controlled storage. Parking includes 23 off-street spaces, with additional street parking available nearby.
Zoned UU, Urban Use, the property offers flexibility for a variety of office, medical, and specialty commercial uses, supported by its healthcare-oriented design elements and practical everyday workflows.
The building also features a medical-grade walk-in refrigerator for temperature-controlled storage. Parking includes 23 off-street spaces, with additional street parking available nearby.
Zoned UU, Urban Use, the property offers flexibility for a variety of office, medical, and specialty commercial uses, supported by its healthcare-oriented design elements and practical everyday workflows.
Key Highlights
- Originally constructed in 2000 as a medical facility
- Large intake and waiting areas plus private offices and restrooms
- Flexible open space with treatment‑room potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,715
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,634,300
$1.6M
Cap Rate 7%
$1,167,357
$1.2M
Cap Rate 9%
$907,944
$907.9K
Market Conditions
NOI Build-Up for 8,568 SF
Gross rent
$153.2K $17.88/SF
− Vacancy
−$17.0K −$1.98/SF
EGI
$136.2K $15.90/SF
− OpEx
−$54.5K −$6.36/SF
NOI
$81.7K $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 Rate 5%
$1,634,300
Cap Rate 7%
$1,167,357
Cap Rate 9%
$907,944
Alternative Uses
Best Use
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,715 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,953 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Central Little Rock medical facility with adaptable clinical-ready layout and UU zoning for office, medical, or specialty uses.
Where is this medical center located?
The property is located at 824 S Spring St Little Rock, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Originally constructed in 2000 as a medical facility; Large intake and waiting areas plus private offices and restrooms; Flexible open space with treatment‑room potential
