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Ozarka Lodge 110 Huntsville Rd
45 Room Hotel Eureka Springs, AR 72632 $1,599,900 ($35,553/Room) 9.10% Cap Rate
Investment Highlights
- 45 rooms total on 4 levels
- Price at $94 PSF - less than half the current construction cost
- 9.1% Cap Rate
- 2 bed living quarter on site
- Estimated Gross Income at $384,000
Property Facts
| Price | $1,599,900 | Building Class | C |
| Price Per Room | $35,553 | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 17,020 SF |
| Cap Rate | 9.10% | No. Rooms | 45 |
| Sale Conditions | Business Value Included | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1985 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | $1,599,900 |
| Price Per Room | $35,553 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 17,020 SF |
| No. Rooms | 45 |
| No. Stories | 4 |
| Year Built | 1985 |
| Corridor | Exterior |
Amenities
- Balcony
- Pool
- Patio
- Outdoor Pool
- Hot Tub
About 110 Huntsville Rd , Eureka Springs, AR 72632
Welcome to Ozarka Lodge, a 4 story hotel nestled in Eureka Springs and totaling 45 rooms. Among them are 29 double queen rooms, 11 king rooms, 4 king rooms w/ jacuzzi tub, and 1 double queen room w/jacuzzi tub. Guests can also enjoy relaxing in the pool, that also features convenient access underneath. This property also offers a 2bed living quarter complete with a kitchen, dining room, living room, and private balcony, great for employee housing. Priced at $94 PSF, which is less than half the current construction cost. The property is cinder block construction with a metal sloping roof featuring a concrete underlie only 7 to 8 years old. Regular double queen/king rooms rents for $69/night during the week and$79 on the weekends. During peak seasons these same rooms go for $89 on the weekends. For major events, they rent for $139/night. Rooms equipped with jacuzzis rent around$115 or $189 during events. Estimated gross at $384,000,expenses estimated at $239,000, NOI estimated at $145,000 and a 9.1% cap rate.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 45 | $67.00 | - |
PROPERTY TAXES
| Parcel Number | 925-01913-000 | Improvements Assessment | $219,540 |
| Land Assessment | $31,710 | Total Assessment | $251,250 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
Presented by
Ozarka Lodge | 110 Huntsville Rd
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