52-Room Motel with Manager
For Sale
$2,200,000
204 Lake Front Drive, Russellville, AR 72802
CommercialSale, Russellville, AR
Property Size21,756 SF
Lot Size1.25 Acres
Price / SF$101.12
Days on Market337
Property Features for 204 Lake Front Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Travel North on Arkansas, turn left on Lakefront, motel on the right.
Standard status
Active
APN
868-00004-001C
Size
21,756 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Description
PT NE NE CITY OF RUSSELLVILLE
Tax Annual Amount
10193
Legal Description
PT NE NE CITY OF RUSSELLVILLE
Building Details
Year built
1995
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Wetzel Group
(479) 970-0986
Added: Nov 21, 2025
Changed: Oct 22
Last Checked: Oct 24 at 9:06PM
MLS# 1328055
Copyright © 2026 ArkansasONE MLS. 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.
This 52-room motel in Russellville, Arkansas, occupies a 21,756-square-foot property completed in 1995. An on-site manager’s apartment supports direct property oversight and day-to-day operations, while ample parking serves motel guests.
The property is located at 204 Lake Front Drive near interstate access, providing a convenient position for travelers moving through the area. The offering also includes an adjoining 1.25-acre lot, creating additional land area for future development. The source information identifies potential concepts including a fast-food restaurant, convenience store, or other highway commercial use.
The property is located at 204 Lake Front Drive near interstate access, providing a convenient position for travelers moving through the area. The offering also includes an adjoining 1.25-acre lot, creating additional land area for future development. The source information identifies potential concepts including a fast-food restaurant, convenience store, or other highway commercial use.
Key Highlights
- 52‑room motel on a 21,756‑square‑foot property
- On‑site manager’s apartment included
- Adjoining 1.25‑acre lot included
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
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 - Interstate-adjacent hospitality property includes an adjoining lot for potential highway-oriented commercial development.
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 on a 21,756‑square‑foot property; On‑site manager’s apartment included; Adjoining 1.25‑acre lot included
