Back to Search
Property profile & analytics
OFF-MARKET
Motels
302 Main St Melbourne, AR 72556-8282
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-1969861
Property summary
AI-generated overview
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
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1979
Total area
5,140 SF
Lot
0.51 ac (22,216 SF)
APN
485-00118-000
UPID
US05-1969861
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Denmill Cedar Lodge LLC · 2 yrs held
Denmill Cedar Lodge LLC
since 2023
Last sale
$325,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,041
Tax year 2024
Assessed value
$40,880
Assessed 2024
Previous assessed
$40,880
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$4,880
Assessed improvement
$36,000
Land market value
$24,400
Improvement market value
$180,000
Total market value
$204,400
Applied tax rate
120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
NONE
Stories
2
Total area
5,140 SF
Lot
0.51 ac (22,216 SF)
APN
485-00118-000
UPID
US05-1969861
Jurisdiction
IZARD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Denmill Cedar Lodge LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3068 S AR 9TH HWY, MELBOURNE, AR 72556-9014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$325,000
Denmill Cedar Lodge LLC
Nuview Trust Company
Warranty Deed
—
Sep 11, 2019
$215,000
Nuview Trust Company
Rock It Properties I LLC
Special Warranty Deed
—
Dec 14, 2018
—
Rock It Properties I LLC
—
Deed
related
$200,000 · Jodi Smith
Nov 6, 2018
$200,000
Rock It Properties LLC
Stephen J Lyons
Warranty Deed
$200,000 · Jodi Smith
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 302 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
