Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    110 Mclean Ave Cotter, AR 72626
    Back to Search
    Property profile & analytics

    110 Mclean Ave Cotter, AR 72626

    View on Map
    • Commercial real estate
    • 5,972 SF
    For Sale
    $1,200,000
    View Listing →
    Historic Hotel in Cotter, Arkansas For Sale
    $1,200,000
    5,972 SF

    Historic Hotel in Cotter, Arkansas

    Renovated commercial hotel in a historic location.

    110 Mc Lean Ave, Cotter, AR 72626
    View Listing
    Property ID
    US05-1925243
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commerical Inn / Hotel & Motel
    • The Commercial Hotel / Bed & Breakfast / Restaurant

    Property Details for 110 Mclean Ave

    Property size
    5,972 SF
    Property type
    Commercial real estate

    Description

    This exceptional property, located at 110 McLean Avenue in Cotter, Arkansas, presents a unique investment opportunity. Originally constructed in 1903, this beautifully restored hotel boasts 12 guest rooms, including three en-suite rooms on the main level, one of which is handicap accessible. The main level also features a lobby, a common room with comfortable furnishings, and a fully equipped cooks' kitchen complete with a gas stove, double refrigerator, and ample stone countertops. Additional amenities include a state-of-the-art laundry facility and multiple storage rooms. The second floor houses nine guest rooms, each equipped with flat-screen televisions, and four full bathrooms. Outdoor features include a fire pit and additional parking. All furniture, furnishings, and inventory are included in the sale, making this a truly turnkey operation. The 5,972 square foot building sits on a commercial lot and is situated in an area designated for the Cotter Entertainment District, approved by the City Council on August 22, 2024. This property is ideal for a family compound, corporate retreat, vacation rental, or even a private residence. The asking price is $1,295,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cotter
    County
    BAXTER
    State
    Arkansas
    Longitude
    -92.539471340577
    Latitude
    36.266304325694

    Comparable in this City

    • New
      $75,000
      2.38 Acres

      Cotter, AR Airpark Lot

      2.38-acre lot near runway, ideal for aviation enthusiasts.
      002-10395-000 Denton Fry Rd, Cotter, AR 72626
      View Details
    • $149,900
      1.14 Acres

      Fly-In Property Near White River

      Two adjoining 1.14-acre tracts in Valley Fly-In community.
      002-10367-034 Vly Airport Pl, Cotter, AR 72626
      View Details
    • $1,600,000

      River Lodge Business Opportunity

      7-bedroom lodge with conference room and boat ramp.
      227 Trophy Ct, Cotter, AR 72626
      View Details
    • $85,000
      1.45 Acres

      Vacant Lot Near White River

      1.45 acre lot near White River, perfect for recreation.
      002-11211-000 Trophy Ct, Cotter, AR 72626
      View Details
    • $285,000

      Land with River Views

      Residential land offering breathtaking river views and city utilities.
      004-04953-003 Sowbug Cir, Cotter, AR 72626
      View Details
    • $65,000
      1.29 Acres

      Vacant Lot Near White River

      1.29 acre lot near White River in Cotter, AR.
      002-11211-000 Trophy Ct, Cotter, AR 72626
      View Details

    Similar Nearby for Sale

    • $149,900
      1.14 Acres

      Fly-In Property Near White River

      Two adjoining 1.14-acre tracts in Valley Fly-In community.
      002-10367-034 Vly Airport Pl, Cotter, AR 72626
      View Details
    • New
      $75,000
      2.38 Acres

      Cotter, AR Airpark Lot

      2.38-acre lot near runway, ideal for aviation enthusiasts.
      002-10395-000 Denton Fry Rd, Cotter, AR 72626
      View Details
    • $1,600,000

      River Lodge Business Opportunity

      7-bedroom lodge with conference room and boat ramp.
      227 Trophy Ct, Cotter, AR 72626
      View Details
    • $85,000
      1.45 Acres

      Vacant Lot Near White River

      1.45 acre lot near White River, perfect for recreation.
      002-11211-000 Trophy Ct, Cotter, AR 72626
      View Details
    • $285,000

      Land with River Views

      Residential land offering breathtaking river views and city utilities.
      004-04953-003 Sowbug Cir, Cotter, AR 72626
      View Details
    • $65,000
      1.29 Acres

      Vacant Lot Near White River

      1.29 acre lot near White River in Cotter, AR.
      002-11211-000 Trophy Ct, Cotter, AR 72626
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    110 Mclean Ave
    Cotter, AR 72626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    110 Mclean Ave, Cotter, AR, 72626
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!