Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    179 Main St Eureka Springs, AR 72632-3428

    • Turn key restaurants
    • 4,708 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2021
    $320,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1398760
    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.

    Current Use by Public Records

    • Awakening The Devine / Department Store

    Property Details for 179 Main St

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Property size
    4,708 SF
    Property type
    Turn key restaurants
    APN
    925-00331-000
    APU
    92500331000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.7335
    Latitude
    36.4069

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,364
    $21,680
    $44,930
    $66,610
    -
    $108,400
    $224,650
    $333,050

    Comparable in this City

    • Value Estimation
      $665,000
      6,511 SF

      4032 Van Buren

      RESTAURANT • 6,511 SF
      4032 Van Buren, Eureka Springs, AR 72632-9499
      View Details
    • Value Estimation by Request
      2,365 SF

      71 Spg St

      RESTAURANT • 2,365 SF
      71 Spg St, Eureka Springs, AR 72632-3147
      View Details
    • Value Estimation by Request
      3,228 SF

      3085 Van Buren

      RESTAURANT • 3,228 SF
      3085 Van Buren, Eureka Springs, AR 72632-9712
      View Details
    • Value Estimation by Request
      2,027 SF

      61 Main St Sta, Unit A

      RESTAURANT • 2,027 SF
      61 Main St Sta, Eureka Springs, AR 72632-3604
      View Details
    • Value Estimation by Request
      960 SF

      300 Main St

      RESTAURANT • 960 SF
      300 Main St, Eureka Springs, AR 72632
      View Details
    • Value Estimation by Request
      874 SF

      849 Passion Play Rd

      RESTAURANT • 874 SF
      849 Passion Play Rd, Eureka Springs, AR 72632-9667
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,337 SF

      Renovated Restaurant Space in Eureka Springs

      Turnkey restaurant space in historic downtown Eureka Springs. Renovated in 2024.
      35 N Main St, Eureka Springs, AR 72632
      View Details
    • $1,295,000
      5,500 SF

      Iconic Restaurant in Eureka Springs

      Well-established restaurant and real estate in the heart of downtown.
      10 W Mountain St, Eureka Springs, AR 72632
      View Details
    • $375,000
      2,210 SF

      Eureka Springs Restaurant/Retail Opportunity

      Restaurant/retail property with outdoor terraces and high traffic location.
      426 Van Buren, Eureka Springs, AR 72632
      View Details
    • $1,650,000
      4,300 SF

      Eureka Springs Restaurant & Event Venue

      Turnkey restaurant and event venue with luxury cabin near downtown.
      148-150 Passion Play Rd, Eureka Springs, AR 72632
      View Details
    • $1,600,000

      Iconic Eureka Springs Lounge & Pub

      Historic downtown Eureka Springs lounge, pub, and inn for sale.
      82 Armstrong St, Eureka Springs, AR 72632
      View Details
    • $460,000
      3,804 SF

      Eureka Springs Retail With Living

      Retail property with living quarters in high-traffic Eureka Springs.
      2080 Van Buren, Eureka Springs, AR 72632
      View Details
    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.
    179 Main St
    Eureka Springs, AR 72632-3428
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!