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 Size8,565 SF
Price / SF$105.08
Days on Market42
Property Features for 824 S Spring St
General Information
Standard status
Active
Size
8,565 SF
Total Parking Spaces
23
Zoning
UU
Additional Details
Highway Access
Yes
Amenities
medical-grade walk-in refrigerator
Building Details
Year Built
2000
Listing Agency:
Kelley Commercial Partners - Little Rock
(214) 364-5449
Listed By:
Brandon Sheard · License ##SA00086221
(214) 364-5449
Source:
Moodyscre
Added: Jun 19
Changed: Jul 30
Last Checked: Jul 30 at 6:48AM
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 - Little Rock
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 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 | $153.1k | $17.88 |
| − Vacancy | −$17.0k | −$1.98 |
| EGI | $136.1k | $15.90 |
| − OpEx | −$54.5k | −$6.36 |
| NOI | $81.7k | $9.54 |
8,565 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,686 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,915 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,694
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
Questions? Ask Rey
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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
