110 Huntsville RdEureka Springs, AR 72632

Property Details for 110 Huntsville Rd

Year built

1985

Lot size

0.91 AC

Property size (Sq ft)

17,946 SF

Property type

Hospitality properties

Property subtype

Motels

APN

925-01913-000

APU

92501913000

Description

Exceptional investment opportunity in Eureka Springs, Arkansas! This four-story, 17,020 square foot Ozarka Lodge boasts 45 keys, including 29 double queen rooms, 11 king rooms, and 4 king rooms with jacuzzi tubs, plus one additional double queen room with a jacuzzi tub. The property also includes a two-bedroom living quarter with a kitchen, dining room, living room, and private balcony, ideal for employee housing. Built in 1985, the cinder block structure features a metal sloping roof with a recently updated (7-8 years old) concrete underlayment. The 0.91-acre lot provides ample space. Room rates range from $69-$79 per night during the week and weekends, increasing to $89 during peak seasons and $139 for major events. Jacuzzi rooms command higher rates, reaching $189 during events. The property offers a strong financial profile, with an estimated gross income of $384,000, expenses of $239,000, resulting in a net operating income (NOI) of $145,000 and a 9.10% capitalization rate. The asking price is $1,599,900 ($94 per square foot), significantly below current construction costs. The property's location at 110 Huntsville Rd, Eureka Springs, AR 72632, offers excellent access to the area's attractions. The property features an on-site pool with convenient under-access. APN: 925-01913-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,776,882

  6.5%

  $1,640,198

  7%

  $1,523,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,016,642

  Geo Method

  $3,016,642

• Alternative Use

  Use

  Valuation

  Residential

  $1,790,620

  Hospitality

  $1,640,198

  Educational

  $1,364,626

  Medical

  $1,411,557

  Retail

  $2,122,751

Location Insight

City

Eureka Springs

County

Carroll

State

Arkansas

Latitude

36.3868

Longitude

-93.7356

Property Tax & Assessments

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