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    7 Office Park Dr Little Rock, AR 72211

    Sponsored
    For Sale
    $3,500,000

    Prime Medical Office, 21,423 SF, $3.5M

    Property size:
    21,423 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, Class B medical office building, situated on a 1.06-acre lot in Little Rock, Arkansas, presents a compelling investment opportunity. Boasting 21,423 square feet of space, the property is ideally located at 7 Office Park Dr, zip code 72211, offering convenient access to major thoroughfares via the I-630/I-430 interchange. Built in 1987, the building benefits from a highly desirable O-3 zoning designation. The asking price is $3,500,000, translating to $163.38 per square foot. The land value alone is assessed at $178.65 per square foot. Ample parking is available for tenants and visitors. The property's strategic location provides close proximity to prominent medical facilities such as the Arkansas Heart Hospital and Baptist Health Medical Center, as well as a variety of retail, dining, and hospitality options. A modern shared conference room adds to the building's appeal and functionality. This turnkey medical office building is ready for immediate occupancy and presents a rare opportunity to acquire a well-situated and highly functional asset in a thriving medical corridor. The building's single structure design simplifies management and maintenance.

    Property Features for 7 Office Park Dr

    General Information

    Property type
    Medical offices
    Square Feet
    21,423 SF
    Class
    B
    Lot Size
    46,174 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    2

    HighLights

    • $3,500,000 asking price for this 21,423 SF Class B medical office building.
    • Located at 7 Office Park Dr, Little Rock, AR 72211, on a 1.06‑acre lot.
    • Features include abundant parking and a modern shared conference room.
    • Excellent location near Arkansas Heart Hospital, Baptist Health Medical Center, retail, restaurants, and hotels, with convenient access to I‑630/I‑430.
    • Built in 1987, this two‑story building offers a price per square foot of $163.38 and a land value of $178.65/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.396869
    Latitude
    34.7452096

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 21,423 SF, $3.5M
    Where is this medical office 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 $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price for this 21,423 SF Class B medical office building.; Located at 7 Office Park Dr, Little Rock, AR 72211, on a 1.06-acre lot.; Features include abundant parking and a modern shared conference room.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Office Park Dr Little Rock, AR 72211
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