Property profile & analytics
302 Main St Melbourne, AR 72556
- Motels
- 5,140 SF
- 0.51 lot acres
Location Intelligence
Property ID
US05-1969861
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
- Motels
Property Details for 302 Main St
- Year built
- 1979
- Lot size
- 0.51 lot acres
- Property size
- 5,140 SF
- Property type
- Motels
- APN
- 485-00118-000
- APU
- 48500118000
Description
DenMill Cedar Lodge, located at 302 N Main Street in the heart of Downtown Melbourne, Arkansas, presents a compelling investment opportunity. This property encompasses approximately 5,140 square feet across two buildings situated on a half-acre lot. The lodge currently boasts 17 rooms, offering a unique blend of rental options. Four rooms are occupied by long-term tenants, providing a stable income stream. Eleven rooms are available for nightly rentals, catering to the tourism and short-term stay market. Two additional rooms are currently not in use
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $395,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $385,000
- Mixed-Use
- $345,000
- Hospitality
- $425,000
- Educational
- $435,000
- Residential Income
- $380,000
- Energy
- $395,000
- Income-Based Land
- $370,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Izard
- State
- Arkansas
- Longitude
- -91.9105
- Latitude
- 36.0591
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
2024
$2,041
$4,880
$36,000
$40,880
-
$24,400
$180,000
$204,400
