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West Little Rock Office Building

7 Office Park Dr Little Rock, AR 72211

7 Office Park Dr, Little Rock, AR, 72211
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Medical and professional office building in a convenient, peaceful location.

Property Size21,423 SF
Price / SF$130.47
AddedMay 15, 2024
Days on Market793
Last RefreshJul 13 at 6:24 am

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

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.

This medical and professional office building is located just off the I-630/I-430 interchange, providing accessibility to major thoroughfares. The property is situated near Arkansas Heart Hospital, Baptist Health Medical Center, retail establishments, restaurants, and hotels. Features include a shared conference room and on-site parking. The property is located in a cul-de-sac setting in West Little Rock. A tenant improvement allowance of $15 per square foot is available. The property contains 21,423 square feet.

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
21,423 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$2.92M
$2.55M – $3.41M (±1% cap)
NOI $204,315 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$2.91M
$2.55M – $3.40M (±1% cap)
NOI $203,972 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M (±1% cap)
NOI $272,420 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Robert Maris Life Coach Elwyn Perser Pediatrician Christian Counseling in Little ... Counselor Bradley Joe F ... Physician Enterprise Accounting Partners Accounting Firm

Suggested Use

Big Box & Wholesale Store Building Supply HVAC Service Kitchen & Bath Showroom Auto Repair Shop Electrical Service Food Market Auto Parts Store Grocery & Convenience Store Garden Center

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

Similar Off Market Nearby

  • Bowman Road Animal Clinic — 1308 Bowman Rd #7, Little Rock, AR 72211
  • Craig Schluterman - Bowman Road Animal Clinic — 1308 Bowman Rd #7, Little Rock, AR 72211
  • Cristina Alderson - Bowman Road Animal Clinic — 1308 Bowman Rd #7, Little Rock, AR 72211
  • Brooke O'Bryan - Bowman Road Animal Clinic — 1308 Bowman Rd #7, Little Rock, AR 72211
  • Schluterman Lauren DVM — 1308 S Bowman Rd, Little Rock, AR 72211

FAQs

What type of property is this?
Medical Office Space - Medical and professional office building in a convenient, peaceful location.
Where is this medical office space located?
The property is located at 7 Office Park Dr Little Rock, AR.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 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.
Contact an agent
(501) 664-1775 Call to check price and availability
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