52-Room Motel with Manager
For Sale
$2,200,000
204 Lake Front Drive, Russellville, AR 72802
Motel includes dedicated on-site management quarters and an adjoining lot.
Property Size21,756 SF
Price / SF$101.12
Days on Market330
Property Features for 204 Lake Front Drive
General Information
Standard status
Active
Size
21,756 SF
Taxes and HOA fees
Annual Taxes
$10,193
Amenities
Trail(s)
Building Details
Building Size
21,756 SF
Year Built
1995
Listing Agency:
Arkansas Real Estate Collective
Listed By:
Wetzel Group
(479) 280-1999
Source:
Evrealestate
Added: Nov 21, 2025
Changed: Oct 9
Last Checked: Oct 16 at 7:17AM
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 Arkansas Real Estate Collective
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Investment Insights
Based on property information with market context.
This motel property includes 52 guest rooms, an on-site manager’s apartment, and parking for guests. Built in 1995, the asset is configured to support lodging operations with management quarters located on the premises.
The property at 204 Lake Front Drive in Russellville, Arkansas, sits just off the interstate with visibility and access oriented toward travelers. An adjoining lot is included, adding land to the property and supporting consideration of future commercial development. The site also includes on-site parking.
The property at 204 Lake Front Drive in Russellville, Arkansas, sits just off the interstate with visibility and access oriented toward travelers. An adjoining lot is included, adding land to the property and supporting consideration of future commercial development. The site also includes on-site parking.
Key Highlights
- 52‑room motel built in 1995
- On‑site manager’s apartment supports property operations
- Adjoining lot included with the motel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,489
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,780
$2.5M
Cap Rate 7%
$1,806,986
$1.8M
Cap Rate 9%
$1,405,433
$1.4M
Market Conditions
NOI Build-Up for 21,756 SF
Gross rent
$313.3K $14.40/SF
− Vacancy
−$47.0K −$2.16/SF
EGI
$266.3K $12.24/SF
− OpEx
−$139.8K −$6.43/SF
NOI
$126.5K $5.81/SF
Area
Pope County, AR
Vacancy
15.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,780
Cap Rate 7%
$1,806,986
Cap Rate 9%
$1,405,433
Alternative Uses
Best Use
Hotel Hospitality
$1.81M
$1.58M – $2.11M
NOI $126,489 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.04M – $4.06M
NOI $243,319 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Hampton Inn Russellville — 2304 N Arkansas Ave, Russellville, AR 72802
- Fairfield Inn & Suites Russellville — 120 E Harrell Dr, Russellville, AR 72802
- American Inn & Suites Russellville — 204 Lake Front Dr, Russellville, AR 72802
- Clarion Inn & Suites Russellville I-40 — 2407 N Arkansas Ave, Russellville, AR 72802
- Days Inn & Suites by Wyndham Russellville — 109 E Harrell Dr, Russellville, AR 72802
Frequently Asked Questions
What type of property is this?
Motel - Motel includes dedicated on-site management quarters and an adjoining lot.
Where is this motel located?
The property is located at 204 Lake Front Drive Russellville, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 52‑room motel built in 1995; On‑site manager’s apartment supports property operations; Adjoining lot included with the motel
