9 Freeway DrLittle Rock, AR 72204

Property Details for 9 Freeway Dr

Year built

1999

Lot size

1.48 AC

Property size (Sq ft)

11,372 SF

Property type

Office buildings

APN

44L-001-04-004-00

APU

44L0010400400

Description

This exceptional 4,267 square foot medical office space, part of a larger 11,372 square foot building, presents a rare plug-and-play opportunity in Little Rock's desirable midtown area. Situated at 9 Freeway Drive, this single-story, Class B building offers convenient access to I-430, ensuring excellent visibility and accessibility for patients and staff. Built in 1999, the property sits on a spacious 1.64-acre lot and is currently configured for multiple tenants. The available space is fully remodeled and ready for immediate occupancy, eliminating the need for extensive renovations. Lease terms are triple-net (NNN) at a rate of $24.00 per square foot, with a tenant improvement allowance available for negotiation. This turnkey solution is perfect for medical practices seeking a modern, efficient, and conveniently located space to establish or expand their operations. The property's location in Pulaski County, Arkansas, offers a strong patient base and a thriving medical community. This is an exceptional opportunity to secure a prime medical office space in a high-demand area. Don't miss out on this chance to establish your practice in a well-equipped and strategically located building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,807,594

  6.5%

  $1,668,548

  7%

  $1,549,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $813,439

  Geo Method

  $813,439

• Alternative Use

  Use

  Valuation

  Residential

  $2,069,000

  Hospitality

  $1,895,193

  Educational

  $1,576,778

  Medical

  $1,631,006

  Retail

  $2,452,766

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7438

Longitude

-92.3539

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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