Wedding Venue with
1820 Oak Grove RD, Van Buren, AR 72956
For Sale
$949,000
Commercial, Van Buren, AR
Property Size7,318 SF
Lot Size20.67 Acres
Price / SF$129.68
Days on Market43
Property Features for 1820 Oak Grove RD
General Information
Property type
Property subtype
Parking features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
Listed By:
Laura McLean · License AR SA00081842
(479) 434-3000
Added: Oct 1
Changed: Oct 27
Last Checked: Nov 12 at 6:06AM
MLS# 1092196
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 20.67 acres, this wedding and event property includes a 60-by-70-foot venue with a concrete foundation, full kitchen, multiple restrooms, and separate dressing areas. The flexible interior is complemented by a remodeled 3,618-square-foot residence with an exercise room, hot tub, covered porches, and an attached greenhouse. A saltwater pool and cabana are also on site.
Additional improvements include a 20-by-30-foot barn, 20-by-16-foot greenhouse, 30-by-35-foot warehouse shop, and climate-controlled 20-by-40-foot woodshop. The property also has a 16-by-20-foot climate-controlled storage shed, equipment storage building, camper cover, and multiple outdoor structures, including a covered sitting area and swing area. The residence offers an on-site living component alongside the event facilities.
Additional improvements include a 20-by-30-foot barn, 20-by-16-foot greenhouse, 30-by-35-foot warehouse shop, and climate-controlled 20-by-40-foot woodshop. The property also has a 16-by-20-foot climate-controlled storage shed, equipment storage building, camper cover, and multiple outdoor structures, including a covered sitting area and swing area. The residence offers an on-site living component alongside the event facilities.
Key Highlights
- 20.67‑acre property with a 60‑by‑70‑foot event venue
- Venue includes a full kitchen, multiple restrooms, and separate dressing areas
- Remodeled 3,618‑square‑foot residence with an attached greenhouse
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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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 - The event building includes a full kitchen, multiple restrooms, and separate dressing areas.
Where is this wedding venue located?
The property is located at 1820 Oak Grove RD 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 a 60‑by‑70‑foot event venue; Venue includes a full kitchen, multiple restrooms, and separate dressing areas; Remodeled 3,618‑square‑foot residence with an attached greenhouse
