3134 Van BurenEureka Springs, AR 72632
- Office properties
- 2,836 SF
Property Details for 3134 Van Buren
- Year built
- 1999
- Lot size
- 118.25 AC
- Property size (Sq ft)
- 2,836 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 001-07787-000
- APU
- 107787000
Description
Discover Cinnamon Valley, a profitable 10-key hotel nestled on 135.85 acres in Eureka Springs, Arkansas. This turnkey operation includes nine fully furnished luxury log cabins, a spacious management office with living quarters, and two spring-fed lakes stocked with various fish species. The property boasts 9,607 square feet of space, with a 5.48% cap rate and a 2023 gross income exceeding $575,000. The asking price is $5,000,000, representing $520.45 per square foot. Significant upside potential exists through increased pricing and occupancy, along with expansion opportunities
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $247,219
- 6.5%
- $228,202
- 7%
- $211,902
-
Comparable approach
- Method
- Valuation
- Relative Method
- $202,859
- Geo Method
- $202,859
-
Alternative Use
- Use
- Valuation
- Residential
- $282,971
- Hospitality
- $259,200
- Educational
- $215,651
- Medical
- $223,068
- Retail
- $335,458
Location Insight
- City
- Eureka Springs
- County
- Carroll
- State
- Arkansas
- Latitude
- 36.3816
- Longitude
- -93.7158
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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