Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Prospect Ave Eureka Springs, AR 72632

    View on Map
    Sponsored
    For Sale
    $259,000

    Other - Eureka Springs, AR

    Property size:
    914 SF
    Lot size:
    0.03 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 9:06 pm

    Property Features for 3 Prospect Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    APN
    925-00921-000
    Parking features
    On Street
    Interior features
    Fire Alarm, Smoke Detector
    Size
    914 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Space Heater
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1900
    Flooring type
    Wood
    Building materials
    Wood Siding
    Roof type
    Shake
    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Knapp

    Coldwell Banker K-C Realty (479) 253-9161

    Listing agent Amanda Knapp (479) 253-4442

    Listing date Mar 6, 2026

    MLS# 1338422 Listing URL

    Copyright © 2026 ArkansasONE MLS. 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

    Historic Cottage in Downtown Eureka

    The Rosanna Cottage is a two-story home located in Historic Downtown Eureka Springs. Built in 1900, this cottage features Victorian-era craftsmanship, stained glass details, and original architectural charm. The property includes a large, street-overhanging balcony and a yard space. This property is intended for use as a nightly rental and is situated on a high-visibility corner, steps away from shopping, dining, and entertainment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosanna Cottage Vacation Rental

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Nail Salon Restaurant Gym & Fitness Center Daycare Center Accounting Firm Auto Repair Shop Kitchen & Bath Showroom

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

    Similar Places Nearby

    nuttin' fanci, Harvest House 1882, Country Music Inn, Bella Paradiso Vacation Rentals, Rock Haus Lodge

    Location Insight

    • Map
    • Local Demand
    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.741255
    Latitude
    36.40581

    Nearby Similar for Sale

    • New
      $679,000
      4,708 SF

      Downtown Eureka Springs Commercial Building

      Remodeled 4,700 sq ft commercial building with flexible layout.
      179 Main St, Eureka Springs, AR 72632
      View Details
    • $650,000
      6,442 SF

      Eureka Springs Family Fun Park

      Turn-key family fun park on almost 9 acres.
      3173 Van Buren, Eureka Springs, AR 72632
      View Details
    • $460,000
      3,804 SF

      Eureka Springs Retail With Living

      Retail property with living quarters in high-traffic Eureka Springs.
      2080 Van Buren, Eureka Springs, AR 72632
      View Details
    • New
      $269,900
      640 SF

      Remodeled Retail Space with Billboard

      Remodeled retail space near downtown Eureka Springs with billboard.
      155 W Van Buren, Eureka Springs, AR 72632
      View Details
    • $375,000
      2,210 SF

      Eureka Springs Restaurant/Retail Opportunity

      Restaurant/retail property with outdoor terraces and high traffic location.
      426 Van Buren, Eureka Springs, AR 72632
      View Details
    • $549,000
      1,596 SF

      Historic Eureka Springs Retail Condo

      1595 SF retail condo in historic Eureka Springs, Arkansas.
      84 Spring St, Eureka Springs, AR 72632
      View Details
    • $575,000
      995 SF

      Eureka Springs Restaurant For Sale

      Established restaurant with high foot traffic and expansion potential.
      71 Spring St, Eureka Springs, AR 72632
      View Details
    • $745,000
      3,096 SF

      Historic Eureka Springs Retail Triplex

      Historic triplex in downtown Eureka Springs with income potential.
      65 Spring St, Eureka Springs, AR 72632
      View Details
    • $324,000
      1,300 SF

      Charming Bed and Breakfast Opportunity

      Successful AirBNB rental with historic schoolhouse ready for restoration.
      805 County Road 309, Eureka Springs, AR 72632
      View Details
    • $495,000
      3,140 SF

      Historic Eureka Springs Bed & Breakfast

      Established Victorian B&B with expansion potential in Eureka Springs.
      104 Wall St, Eureka Springs, AR 72632
      View Details
    • $847,500
      2,037 SF

      Eureka Springs Hotel/Motel Opportunity

      Successful hospitality business with unique lodging and expansion potential.
      61 County Road 222, Eureka Springs, AR 72632
      View Details
    • $1,200,000
      5,937 SF

      Eureka Springs Convenience Store Opportunity

      Established convenience store on 4.03 acres with highway visibility.
      14735 Highway 62, Eureka Springs, AR 72632
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Charming 1900s cottage with nightly rental potential.
    Where is this bed & breakfast located?
    The property is located at 3 Prospect Ave Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - Prime downtown location in Historic Eureka Springs, steps from shopping, dining, and entertainment.; - Established nightly rental with income potential.; - Unique historic appeal with original Victorian-era craftsmanship and stained glass details.
    (479) 253-9161
    Request Owner's contact information
    3 Prospect Ave Eureka Springs, AR 72632
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Prospect Ave
    Eureka Springs, AR 72632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3 Prospect Ave Eureka Springs, AR 72632
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amanda Knapp
    (479) 253-9161 (479) 253-4442
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!