Building Details

Year Built 1970

Listed By: Kelly Wei Show Phone

Added: Aug 3 Changed: Sep 9

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,778

Cap Rate

6.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,175,560 $1.2M

Cap Rate 7%

$839,686 $839.7K

Cap Rate 9%

$653,089 $653.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,908 SF

Gross rent

$89.3K $15.12/SF

− Vacancy

−$5.4K −$0.91/SF

EGI

$84.0K $14.21/SF

− OpEx

−$25.2K −$4.26/SF

NOI

$58.8K $9.95/SF

Area

Perry County, AR

Vacancy

6.00%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,175,560

Cap Rate 7%

$839,686

Cap Rate 9%

$653,089

Alternative Uses

Best Use

Retail

$839.7K

$734.7K – $979.6K (±1% cap)

NOI $58,778 @ 7.0% cap · market cap 6.53%

Second Best

Apartment 5plus

$682.2K

$596.9K – $795.9K (±1% cap)

NOI $47,751 @ 7.0% cap · market cap 5.31%

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,203 @ 7.0% cap · market cap 9.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Motels

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Grocery & Convenience Store Food Market Restaurant Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72126, AR

3,649

Population

1,782

Households

2

Avg Household Size

44

Median Age

18%

College-Educated

94%

High-School Grad

203.3 sq mi

ZIP Area

18

Density / Sq Mi

$58,843

Median Household Income

$45,103

Median Earnings

$589

Median Rent

$130,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Similar Off Market Nearby

• Gigis — 30 Trout St, Perryville, AR 72126

Frequently Asked Questions

What type of property is this?

Motel - Hospitality property combines motel rooms, cottages, retail space, and guest-service facilities beside Harris Brake Lake.

Where is this motel located?

The property is located at 18 Coffee Creek Lndg Perryville, AR.

What is the asking price?

The asking price for this property is $899,500.