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

    Eureka Springs, AR 72632

    View on Map
    Sponsored
    For Sale
    $289,900

    Commercial - Eureka Springs, AR

    Lot size:
    5.18 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 19 at 9:06 pm

    Property Features for

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    925-02038-081
    Lot size
    5.18 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Buttecali

    Andora Real Estate (479) 367-3106

    Listing agent David Buttecali (281) 731-8000

    Listing date Mar 5, 2026

    MLS# 1333940 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

    Eureka Springs Development Opportunity

    This is a prime development tract located at the corner of high-traffic Highway 62 (E Van Buren) and Passion Play Road in Eureka Springs, Arkansas. Eureka Springs is a historically popular tourist and recreational destination. The property is zoned C-2 Contemporary, which allows for a wide variety of commercial, hospitality, and residential uses. All city utilities are available. The property offers high visibility and easy access on a high-traffic corridor heading to Berryville, Arkansas, which serves as the gateway to popular destinations such as Branson and North Central Arkansas. The total land area is comprised of an original 4.42-acre portion, expanded by 0.65 acres, resulting in a total of 5.18 acres, more or less.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.7443
    Latitude
    36.4036

    Nearby Similar for Sale

    • New
      $759,000
      5,267 SF

      Turn-Key Tourist Lodging Opportunity

      Tourist lodging with commercial zoning near downtown Eureka Springs.
      3185 E Van Buren, 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
    • $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
    • $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
    • $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
    • $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
    • $1,499,999
      5,696 SF

      Iconic Eureka Springs Restaurant Opportunity

      Historic restaurant and inn with strong brand and loyal following.
      82 Armstrong 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
    • $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
    • $950,000
      3,864 SF

      Eureka Springs Creek-Side Property

      11.5-acre property with garden center, coffee shop, and trails.
      2798 Highway 23 N, Eureka Springs, AR 72631
      View Details
    • $845,000
      14,246 SF

      Eureka Springs Hotel/Motel Opportunity

      Turnkey, fully furnished hotel near downtown Eureka Springs, Arkansas.
      3031 E Van Buren, 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

    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial land in historic Eureka Springs, Arkansas.
    Where is this commercial land located?
    The property is located at Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Prime development tract in a historically popular tourist destination.; - Zoned C-2 Contemporary allowing for diverse commercial, hospitality, and residential uses.; - High visibility location at the corner of a high-traffic highway.
    (479) 367-3106
    Request Owner's contact information
    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.
    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
    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
    David Buttecali
    (479) 367-3106 (281) 677-2626 (281) 731-8000
    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!