Building Details

Year Built 1887

Buildings 1

Tenancy Single

Listing Agency: Keller Williams Platinum Realty Show Phone

Listed By: Michelle Pendergraft · License #SA00083314 Show Phone

Source: Connectrealtynwa

Added: Sep 1 Changed: Oct 12 Last Checked: Oct 19 at 6:46AM

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Investment Insights

Based on property information with market context.

Built in 1887, this 9,600-square-foot property operates as an eleven-room inn with two luxury suites and an integrated event venue. The improvements include a historic dining hall, staged convention space, on-site mercantile and apothecary areas, nine toilets, and seven showers. A five-year restoration retained more than forty original 1887 windows and original merchandise shelving.

The property occupies 0.69 acres at 411 E Front Ave in Chester, Arkansas, including a quarter-acre section of undeveloped outdoor ground. It is positioned on the Fort Smith–Northwest Arkansas corridor, approximately thirty minutes from Fayetteville and the University of Arkansas. The building is listed on the National Register of Historic Places.

Key Highlights

• 11‑room inn with 2 luxury suites
• 9,600 SF building on 0.69 acres
• Integrated event venue with dining hall and staged convention space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,192

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,203,840 $1.2M

Cap Rate 7%

$859,886 $859.9K

Cap Rate 9%

$668,800 $668.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,600 SF

Gross rent

$144.0K $15.00/SF

− Vacancy

−$17.3K −$1.80/SF

EGI

$126.7K $13.20/SF

− OpEx

−$66.5K −$6.93/SF

NOI

$60.2K $6.27/SF

Area

Crawford County, AR

Vacancy

12.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,203,840

Cap Rate 7%

$859,886

Cap Rate 9%

$668,800

Alternative Uses

Best Use

Retail

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,850 @ 7.0% cap · market cap 9.22%

Second Best

Hotel Hospitality

$859.9K

$752.4K – $1.00M (±1% cap)

NOI $60,192 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,840 @ 7.0% cap · market cap 14.33%

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

Property Analytics

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Current Use

Beard and Lady Apothecary ... (Bike/Boat/Book/etc) Store Beard and Lady Inn Hotel & Motel Homegrown Native Foods Restaurant

Suggested Use

Top Pick HVAC Service Food Market Farmer's Market Hotel & Motel Restaurant

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

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 72934, AR

942

Population

379

Households

2.5

Avg Household Size

40

Median Age

18%

College-Educated

57%

High-School Grad

71.0 sq mi

ZIP Area

13

Density / Sq Mi

$71,009

Median Earnings

$636

Median Rent

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Hotel - Operating lodging property with event, retail, and dining improvements.

Where is this hotel located?

The property is located at 411 Front Avenue Chester, AR.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: 11‑room inn with 2 luxury suites; 9,600 SF building on 0.69 acres; Integrated event venue with dining hall and staged convention space