824 Spring StLittle Rock, AR 72201

Property Details for 824 Spring St

Year built

2000

Lot size

0.48 AC

Property size (Sq ft)

8,568 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

34L-020-06-025-00

APU

34L0200602500

Description

This exceptional 8,568-square-foot medical office and flex space building, situated on a 0.48-acre lot at 824 S Spring St, is available for lease at $9,000 per month. Built in 2000, this single-tenant property boasts 23 on-site parking spaces, supplemented by ample street parking. The building is in excellent condition and features a flexible layout ideal for various uses, including medical, laboratory, or general office spaces. The interior includes several private offices (one with a private bathroom), two men's and two women's restrooms, an employee lounge, and a removable specialty cooler. The property is zoned "UU" (Urban Use District) and benefits from its prime location in Pulaski County, just half a block from Broadway and one block north of I-630. This high-traffic area offers a diverse mix of businesses, including restaurants, banks, service businesses, churches, daycare centers, and significant government and private office buildings. The modified gross lease includes taxes, insurance, and roof maintenance by the landlord; tenants are responsible for all other expenses. This is a rare opportunity to lease a well-maintained, versatile space in a thriving commercial district. The building was previously occupied by a plasma center and is now available for the first time since its vacancy in late 2024. The dimensions of the lot are approximately 140' x 150'.

• CAP approach

  CAP return

  Valuation

  6%

  $1,394,476

  6.5%

  $1,287,209

  7%

  $1,195,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,869

  Geo Method

  $612,869

• Alternative Use

  Use

  Valuation

  Residential

  $1,596,139

  Hospitality

  $1,462,055

  Educational

  $1,216,412

  Medical

  $1,258,247

  Retail

  $1,892,197

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.741

Longitude

-92.2757

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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