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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Bed & breakfasts
56 Hillside Ave, Eureka Springs, AR 72632-3133
Individually Owned
4-yr Hold
Free & Clear
Property ID
US05-0964052
Property summary
AI-generated overview
Exceptional investment opportunity: a 5,137 square foot warehouse situated on commercial land in Eureka Springs, Arkansas. Located at 56 Hillside Avenue, 72632, this property presents significant potential. Currently utilized as a residence and bed and breakfast, the building offers versatile adaptability for various commercial uses. The asking price is $2,000,000. The property boasts a prime location with convenient access to the Spring Garden bike path. While the building's interior features have been extensively renovated and include multiple bedrooms, bathrooms, and updated kitchen and dining areas, the focus of this listing is on the commercial potential of the warehouse space. The property's unique history is evidenced by its inclusion in the 2023 Historic Home Tour, receiving positive feedback from over 1,000 attendees. The sale includes all existing furnishings. This is a rare chance to acquire a substantial property in a desirable Arkansas location, offering both historical charm and significant commercial possibilities. Further details are available upon request. The property is zoned for commercial use.
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1994
Construction
FRAME
Total area
3,044 SF
Lot
0.3 ac (13,068 SF)
APN
925-00264-001
UPID
US05-0964052
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
-
Inn at Rose Hall Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$510k
Owner & transaction history
Robin Busby · 4 yrs held
Robin Busby
since 2021
Last sale
$521,500
2 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 Eureka Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka Springs 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
Method
Estimation
Statistic approach
$490,000
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $522k (Aug 2 2021)
Last sale anchor
$522k
Aug 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,675
Tax year 2023
Assessed value
$112,370
Assessed 2024
Previous assessed
$112,370
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$11,250
Assessed improvement
$101,120
Land market value
$56,250
Improvement market value
$505,600
Total market value
$561,850
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
5
Bathrooms
6
Total area
3,044 SF
Lot
0.3 ac (13,068 SF)
APN
925-00264-001
UPID
US05-0964052
Jurisdiction
CARROLL
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
1994
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
5
Bathrooms
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
Robin Busby
Individual
Free & Clear · 4 yrs held
Mailing address
56 HILLSIDE AVE, EUREKA SPRINGS, AR 72632-3133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$521,500
Robin Busby
Scott W Proctor
Warranty Deed
—
May 14, 2018
$599,000
Scott W Proctor
Zoie Kaye
Warranty Deed
—
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.
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