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    360 Us-62 Salem, AR 72576

    Sponsored
    For Sale
    $825,000

    Profitable Arkansas Motel, High Occupancy

    Property size:
    8,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This well-maintained, 22-key Cottonwood Inn motel in Salem, Arkansas presents a lucrative investment opportunity. Boasting a 100% occupancy rate and a strong 18.54% cap rate, this established business offers significant returns. The 8,425 square foot property, built in 1997 and renovated in 2010, sits on a 1.96-acre lot and includes two buildings. Recent improvements, totaling approximately $70,000-$80,000, encompass a new roof and updated central heating and air conditioning. Each of the 22 air-conditioned rooms features amenities such as refrigerators, flat-screen televisions, and complimentary Wi-Fi and cable. Guests enjoy a daily continental breakfast and convenient access to local restaurants and attractions. The motel's prime location directly off Highway 62 ensures high traffic volume from truckers, contractors, and tourists. Its proximity to Crown Lake and Horseshoe Bend City Hall, as well as a nearby golf course, further enhances its appeal. The property includes an on-site apartment for management and is currently operated by a professional property manager. The asking price is $825,000, with a price per key of $37,500 and a price per square foot of $97.92. The property's strong NOI of $152,992 makes this a compelling investment for owner-operators seeking a high-performing hospitality asset. The corporation ownership structure offers a streamlined transaction.

    Property Features for 360 Us-62

    General Information

    Property type
    Motels
    Square Feet
    8,425 SF
    Lot Size
    85,378 SF

    Building Details

    Year Built/Renovated
    1997/2010
    Buildings
    2
    Stories
    1

    HighLights

    • Established, well‑maintained hotel in Arkansas with a history of high occupancy.
    • Strong owner‑operator returns due to consistent high occupancy rates.
    • Excellent location directly off Highway 62, attracting travelers, contractors, and tourists.
    • Convenient proximity to area attractions including a golf course, Crown Lake, and Horseshoe Bend.
    • Offers 22 air‑conditioned rooms with amenities such as refrigerators, flat‑screen TVs, and complimentary Wi‑Fi.
    • Includes a complimentary continental breakfast and daily housekeeping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Salem
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.8118374
    Latitude
    36.3585146

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    FAQs

    What type of property is this?
    Motel - Profitable Arkansas Motel, High Occupancy
    Where is this motel located?
    The property is located at 360 Us-62 Salem, AR.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Established, well-maintained hotel in Arkansas with a history of high occupancy.; Strong owner-operator returns due to consistent high occupancy rates.; Excellent location directly off Highway 62, attracting travelers, contractors, and tourists.
    Request Owner's contact information
    360 Us-62 Salem, AR 72576
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    Salem, AR 72576
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    360 Us-62 Salem, AR 72576
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