El Dorado Bar &
For Sale
$350,000
204 Strong Hwy, El Dorado, AR 71730
Well-maintained bar and saloon with ample parking on 0.89 acres.
Property Size3,240 SF
Lot Size0.89 Acres
Price / SF$108.02
Days on Market252
Property Features for 204 Strong Hwy
General Information
Standard status
Active
Size
3,240 SF
Lot size
0.89 Acres
Building Details
Year Built
1970
Listing Agency:
Southern Realty Group
Listed By:
Blaklee Ramsey
(870) 866-4298
Source:
Pcsingtolittlerock
Added: Jan 26
Changed: Sep 23
Last Checked: Oct 4 at 11:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Realty Group
Investment Insights
Based on property information with market context.
This is an opportunity to own The Long Branch Bar & Saloon, a recognizable gathering spot on high-traffic Strong Hwy in El Dorado. The property has been meticulously maintained with numerous updates. It features a commercial kitchen, karaoke and dance floor, pool tables, and areas historically used for live music and entertainment. The property has previously operated with a tobacco permit and amusement license supporting karaoke and other activities. It has also historically benefited from a grandfathered allowance permitting alcohol service after 2 AM. Buyers must verify all licensing, zoning, and operational requirements with the proper authorities. Situated on approximately 0.89 acres with ample parking, the property includes a metal roof and central HVAC. This property offers potential for continued venue use or other permitted commercial purposes.
Key Highlights
- Well‑known and recognizable gathering spot on high‑traffic Strong Hwy in El Dorado.
- Includes a commercial kitchen, karaoke and dance floor, and pool tables.
- Historically operated with a tobacco permit and amusement license.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
$592.1K
Cap Rate 7%
$422,900
$422.9K
Cap Rate 9%
$328,922
$328.9K
Market Conditions
NOI Build-Up for 3,240 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.0K $12.96/SF
− Vacancy
−$2.5K −$0.78/SF
EGI
$39.5K $12.18/SF
− OpEx
−$9.9K −$3.05/SF
NOI
$29.6K $9.14/SF
Area
Union County, AR
Vacancy
6.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,060
Cap Rate 7%
$422,900
Cap Rate 9%
$328,922
Alternative Uses
Best Use
Specialty Retail
$422.9K
$370.0K – $493.4K
NOI $29,603 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.5K
$518.5K – $691.3K
NOI $41,477 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71730, AR
31,103
Population
13,774
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
457.4 sq mi
ZIP Area
68
Density / Sq Mi
$50,845
Median Household Income
$36,959
Median Earnings
$833
Median Rent
$123,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-maintained bar and saloon with ample parking on 0.89 acres.
Where is this bar & pub located?
The property is located at 204 Strong Hwy El Dorado, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑known and recognizable gathering spot on high‑traffic Strong Hwy in El Dorado.; Includes a commercial kitchen, karaoke and dance floor, and pool tables.; Historically operated with a tobacco permit and amusement license.
