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    1603 CENTRAL BOULEVARD Bull Shoals, AR 72619

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    For Sale
    $209,900

    Business & Real Estate - Bull Shoals, AR

    Property size:
    1,236 SF
    Price / SF:
    $169/SF
    Added:
    Jan 15, 2026
    Days on Market:
    107
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 1603 CENTRAL BOULEVARD

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    803.29

    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

    Listing agent LORI LAWHEAD

    Listing office PEGLAR REAL ESTATE GROUP 1326 HWY 62 EAST, Mountain Home, AR

    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.

    Overview

    Established Cafe Business Opportunity

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

    Current Use by Public Records

    Connie's Cafe Restaurant

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center 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

    • $199,900

      Established Food Kiosk on 1.22 Acres

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      1148 CENTRAL BOULEVARD, Bull Shoals, AR 72619
      View Details
    • $315,000

      Established Fly Shop Business

      Fly shop business with real estate for sale.
      627 CENTRAL BOULEVARD, Bull Shoals, AR 72619
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    • $174,900
      1,360 SF

      Commercial Building in Bull Shoals

      Single-story commercial building with excellent visibility in Bull Shoals, AR.
      622 CENTRAL BOULEVARD, Bull Shoals, AR 72619
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Landmark cafe for sale in Bull Shoals, Arkansas.
    Where is this conventional restaurant located?
    The property is located at 1603 CENTRAL BOULEVARD Bull Shoals, AR.
    What is the asking price?
    The asking price for this property is $209,900.
    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
    We can help!
    Listing Contact
    LORI LAWHEAD
    LORI LAWHEAD
    Learn More
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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.

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    1603 CENTRAL BOULEVARD, Bull Shoals, AR 72619

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