200 University AveLittle Rock, AR 72205

Property Details for 200 University Ave

Year built

1983

Lot size

0.60 AC

Property size (Sq ft)

28,535 SF

Property type

Office properties

Property subtype

Office buildings

APN

44L-001-00-043-01

APU

44L0010004301

Description

This exceptional two-story office building, totaling ±18,916 square feet, is ideally situated on a 0.6-acre lot in Little Rock's vibrant Midtown area. Located at 200 S University Ave, 72205, this Class B property offers a versatile layout suitable for various uses, including medical, higher education, or general office spaces. The building features approximately 9,092 square feet of office space on each of its two floors. Ample parking is available, including a convenient covered ground-level parking area. The property boasts excellent visibility and accessibility, with direct ingress/egress to University Avenue at a well-lit intersection. This prime location is in the heart of Midtown's medical district, providing easy access to key amenities and a strong tenant pool. The asking price is $2,175,000, translating to $114.98 per square foot. The seller is offering an attractive incentive: a 4% commission on the purchase price or total gross rents to the tenant's firm. This presents a unique opportunity to acquire a well-positioned, versatile office building in a thriving Little Rock neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,535,671

  6.5%

  $4,186,774

  7%

  $3,887,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,041,108

  Geo Method

  $2,041,108

• Alternative Use

  Use

  Valuation

  Residential

  $5,191,599

  Hospitality

  $4,755,477

  Educational

  $3,956,501

  Medical

  $4,092,571

  Retail

  $6,154,557

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7513

Longitude

-92.3419

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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