Wedding and Event Venue with
New
For Sale
$949,000
1820 Oak Grove Road, Van Buren, AR 72956
Event facilities, a remodeled home, and outdoor amenities are set across a 20.67-acre rural property.
Property Size7,318 SF
Lot Size20.67 Acres
Price / SF$129.68
Days on Market7
Property Features for 1820 Oak Grove Road
General Information
Standard status
Active
Size
7,318 SF
Lot size
20.67 Acres
Additional Details
Business Included
Yes
Amenities
saltwater pool
cabana
barn
greenhouse
camper cover
equipment storage building
fort
covered sitting area
swing area
climate-controlled woodshop
warehouse shop
climate-controlled storage shed
exercise room with hot tub
covered porches
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Laura McLean · License #SA00081842
(479) 276-6698
Source:
Assurancerealtyfsm
Added: Oct 16
Last Checked: Oct 20 at 8:17PM
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 Keller Williams Platinum Realty
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Investment Insights
Based on property information with market context.
The property combines a wedding and event venue with a remodeled 3,618-square-foot residence on 20.67 acres. The 4,200-square-foot venue, built 8 years ago, has a concrete foundation, separate dressing areas, multiple restrooms, a full kitchen, and a flexible floor plan. The home includes an attached greenhouse, exercise room with hot tub, covered porches, and access to the pool and cabana.
Additional improvements include a saltwater pool, a 20-by-30-foot barn, a 20-by-16-foot greenhouse, and a 30-by-35-foot warehouse shop. Other site features include a climate-controlled woodshop and storage shed, equipment storage, camper cover, cabana, covered sitting area, swing area, and a two-story fort. The venue is operating as an event business.
Additional improvements include a saltwater pool, a 20-by-30-foot barn, a 20-by-16-foot greenhouse, and a 30-by-35-foot warehouse shop. Other site features include a climate-controlled woodshop and storage shed, equipment storage, camper cover, cabana, covered sitting area, swing area, and a two-story fort. The venue is operating as an event business.
Key Highlights
- 20.67‑acre property with an operating wedding and event venue
- 4,200‑square‑foot venue built 8 years ago
- Venue includes dressing areas, multiple restrooms, a full kitchen, and a flexible floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,667
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
$1.3M
Cap Rate 7%
$909,529
$909.5K
Cap Rate 9%
$707,411
$707.4K
Market Conditions
NOI Build-Up for 7,318 SF
Gross rent
$109.8K $15.00/SF
− Vacancy
−$7.9K −$1.08/SF
EGI
$101.9K $13.92/SF
− OpEx
−$38.2K −$5.22/SF
NOI
$63.7K $8.70/SF
Area
Crawford County, AR
Vacancy
7.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
Cap Rate 7%
$909,529
Cap Rate 9%
$707,411
Alternative Uses
Best Use
Mixed Use
$909.5K
$795.8K – $1.06M
NOI $63,667 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,213 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Wedding venue - Event facilities, a remodeled home, and outdoor amenities are set across a 20.67-acre rural property.
Where is this wedding venue located?
The property is located at 1820 Oak Grove Road Van Buren, AR.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 20.67‑acre property with an operating wedding and event venue; 4,200‑square‑foot venue built 8 years ago; Venue includes dressing areas, multiple restrooms, a full kitchen, and a flexible floor plan
