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    1603 Central Blvd Bull Shoals, AR 72619

    Sponsored
    For Sale
    $229,900

    Business & Real Estate - Bull Shoals, AR

    Property size:
    1,236 SF
    Days on Market:
    12
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for 1603 Central Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    Rooms
    Basement
    Interior features
    Public Bathrooms
    Exterior features
    Parking/25+ Spaces, Highway Frontage
    Basement Y/N
    1
    Size
    1,236 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Building materials
    Block, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    LORI LAWHEAD
    LORI LAWHEAD

    Peglar Real Estate Group (870) 425-4300

    Listing agent LORI LAWHEAD (870) 425-4300

    Listing date Jan 15, 2026

    MLS# 133208 Listing URL

    Copyright © 2026 North Central Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Restaurant Business Opportunity

    This is an opportunity to own Connie’s Cafe, a landmark restaurant in Bull Shoals, Arkansas. The restaurant is located within walking distance of Bull Shoals Lake and the Bull Shoals Lake Marina. The property has approximately 130 feet of highway frontage. The functional space offers 1,236 square feet with public restrooms. The roof was replaced in 2020 with a 30-year roof. All equipment conveys with the sale. Updated hot water heater, stove, ice machine, low boy salad unit in approximately the last 5 years. There is an outdoor eating area for guests. The property provides 25+ parking spaces, including room for RVs and trailers. The cafe sits on three lots and is known for great food and a steady stream of loyal customers and tourist business year round. The property has some updated plumbing and wiring. The property is zoned C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Connie's Cafe Family Restaurant

    Suggested Use

    Restaurant Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bull Shoals
    County
    Marion
    State
    Arkansas
    Longitude
    -92.593414
    Latitude
    36.380928

    Nearby Similar for Sale

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    • $315,000

      Established Fly Shop Business

      Fly shop business with real estate for sale.
      627 Central Blvd, Bull Shoals, AR 72619
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    • $155,000

      Bull Shoals Restaurant Opportunity

      Restaurant building in Bull Shoals, remodel needed, great location.
      1400 Central Blvd, Bull Shoals, AR 72619
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    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant for sale in Bull Shoals, Arkansas.
    Where is this conventional restaurant located?
    The property is located at 1603 Central Blvd Bull Shoals, AR.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Turnkey business opportunity: Connie's Cafe, a well-established and iconic restaurant, is ready for immediate operation with all equipment included.; - Prime location: Walking distance to Bull Shoals Lake and the Bull Shoals Lake Marina, attracting both locals and tourists.; - Excellent visibility: Approximately 130 ft m/l of highway frontage ensures high exposure.
    (870) 656-7329
    Request Owner's contact information
    1603 Central Blvd Bull Shoals, AR 72619
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    Bull Shoals, AR 72619
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1603 Central Blvd Bull Shoals, AR 72619
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    We can help!
    Listing Contact
    LORI LAWHEAD
    LORI LAWHEAD
    (870) 656-7329
    Learn more
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