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    919 N Washington Street Murfreesboro, AR 71958

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    Claim this Listing
    New
    For Sale
    $789,000

    COMMERCIAL - Murfreesboro, AR

    Property size:
    10,332 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $76/SF
    Added:
    May 3, 2026
    Days on Market:
    3
    Last Refresh:
    May 5 at 2:06 pm

    Property Features for 919 N Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    37
    Rooms
    Bathroom 33, Bathroom 24, Bathroom 22, Bathroom 10, Bathroom 4, Bathroom 3, Bathroom 31, Bathroom 17, Bathroom 14, Bathroom 7, Bathroom 12, Bathroom 5, Bathroom 2, Bathroom 23, Bathroom 35, Bathroom 20, Bathroom 1, Bathroom 11, Bathroom 21, Bathroom 25, Bathroom 29, Bathroom 9, Bathroom 19, Bathroom 13, Bathroom 28, Bathroom 32, Bathroom 16, Bathroom 30, Bathroom 36, Bathroom 37, Bathroom 26, Bathroom 34, Bathroom 6, Bathroom 8, Bathroom 15, Bathroom 18, Bathroom 27
    Parking
    40
    Window features
    Double Pane Windows
    Interior features
    Ceiling Fan(s)
    Standard status
    Active
    Size
    10,332 SF
    Lot size
    2.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1962
    Floors in Building
    2
    Number of units
    37
    Flooring type
    Tile - Ceramic, Carpet, Vinyl
    Building materials
    Brick, Metal Siding, Vinyl Siding
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Kathy Samson

    Listing agent Kathy Samson

    Listing office Gerald Haire Realty 2222 St. Michael Drive Ste. B, Texarkana, AR

    Listing date May 3, 2026

    MLS# 200846

    Copyright © 2026 Texarkana 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.

    Overview

    Motel and Water Park in Murfreesboro

    This commercial property in Murfreesboro, Arkansas, features a motel and water park. The motel includes 36 units, with 6 requiring finish work. The property also features manager's quarters and a spacious 1800+ square foot home for the owner. The water park is enclosed in a 3108 square foot metal building and includes a 32-foot in-ground pool and a large slide. The property is located just off the main town square in Murfreesboro, near the Crater of Diamonds State Park. The property consists of 5 buildings on 2 fenced city blocks, totaling 10,332 square feet on a 2-acre lot.
    Location Intelligence

    Current Use by Public Records

    Motels

    Similar Places Nearby

    • White Oak Lodge — 89 Sour Springs Rd, Murfreesboro, AR 71958
    • Old Factory Getaway cabin — 299 Old Factory Rd, Murfreesboro, AR 71958
    • Eagles Nest — 30 Getaway Ln, Murfreesboro, AR 71958

    Map

    City
    Murfreesboro
    County
    Pike
    State
    Arkansas
    Longitude
    -93.718
    Latitude
    34.0925

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    FAQs

    What type of property is this?
    Motel - 36-unit motel with water park near town square.
    Where is this motel located?
    The property is located at 919 N Washington Street Murfreesboro, AR.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: Motel with water park located near the Crater of Diamonds State Park.; Spacious 1800+ sq ft owner's residence included.; Water park features a 32‑foot in‑ground pool and large slide, enclosed in a 3108 sq ft metal building.
    (903) 791-1088
    We can help!
    Listing Contact
    Kathy Samson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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