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    OFF-MARKET
    Motels

    3064 Van Buren, Eureka Springs, AR 72632-9712

    9,904 SF 1.95 ac lot Built 1970
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US05-1485565
    Property summary
    AI-generated overview

    The Wagner Inn Motel, a well-maintained, owner-operated hospitality property, presents a compelling investment opportunity in the thriving tourist town of Eureka Springs, Arkansas. This 22-key motel boasts 9,904 square feet across two buildings and two stories, situated on a 1.95-acre lot. Built in 1987, the property enjoys a highly visible location on the main highway, directly at trolley stop 22, ensuring excellent guest access and high traffic visibility. Recent improvements include new flat-screen TVs in most rooms, new carpeting in half the rooms, new LED signage, fresh exterior paint, updated pylon street signs with LED lighting, new laundry washers, a new digital lock system on all room doors, and a newly sealed asphalt parking lot. The motel offers guests clean rooms, private pool access, and convenient trolley access. The property is zoned commercial and is offered at $635,000, translating to $64.12 per square foot. Partial owner financing may be available for qualified buyers with a substantial down payment. This established, profitable motel presents a turnkey operation with minimal deferred maintenance, making it ideal for both first-time and experienced owner-operators seeking a stable income stream in a popular tourist destination. The property's strong financial performance, coupled with its recent upgrades and prime location, positions it for continued success.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1970
    Total area 9,904 SF
    Lot 1.95 ac (84,942 SF)
    APN 925-01937-000
    UPID US05-1485565
    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
    Current use
    Occupant on record · Public records
    • Wagner Inn Hotel & Motel
    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
    Jonathan Brock Swofford · 6 yrs held
    Jonathan Brock Swofford
    since 2020
    Last sale
    $458,851
    3 recorded transactions
    2020
    $458,851
    2012
    2005
    $374,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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