Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1016 N Center St New Boston, TX 75570

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    COMMERCIAL - New Boston, TX

    Lot size:
    4.20 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    136
    Last Refresh:
    May 1 at 1:06 pm

    Property Features for 1016 N Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Nicholas Basso
    Nicholas Basso

    Listing agent Nicholas Basso License #TX 718322

    Listing office Rip England Premier Realty LLC 102 E Main St., Texarkana, TX

    Listing date Dec 16, 2025

    MLS# 200768 Listing URL

    Copyright © 2026 Texarkana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in New Boston

    This commercial property features 4.2 acres of land. Located in New Boston, TX, the property offers frontage on the Interstate. The site benefits from high traffic and ease of access. The property is located in Bowie County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Boston
    County
    Bowie
    State
    Texas
    Longitude
    -94.41392
    Latitude
    33.473606

    Nearby Similar for Sale

    • $499,000
      4,500 SF

      Rustic Steak House in New Boston

      Turn-of-the-century steak house with rustic atmosphere in New Boston.
      101 N Elm, New Boston, TX 75570
      View Details
    • $145,000
      3,178 SF

      Historic Downtown New Boston Gem

      Charming commercial property in historic New Boston, Texas.
      113 N West St, New Boston, TX 75570
      View Details
    • $500,000
      2,400 SF

      New Boston Commercial Land Available

      4 +/- acre commercial land parcel near major highway.
      2525 Hwy 82 W, New Boston, TX 75570
      View Details
    • $80,000
      2,926 SF

      Downtown Storefront in High-Traffic Area

      Commercial storefront in downtown New Boston with high visibility.
      111 N West St, New Boston, TX 75570
      View Details
    • $144,000
      5,740 SF

      Downtown New Boston Commercial Property

      Commercial property in the heart of downtown New Boston, Texas.
      113 Ellis, New Boston, TX 75570
      View Details
    • $400,000

      Turnkey Ranch in Bowie County

      40-acre ranch equipped for cattle, horses, or livestock.
      1136 CR 2001, New Boston, TX 75570
      View Details
    • $100,000

      Commercial Land in High Traffic Area

      Commercial land with high visibility and utilities access.
      Hwy 82, New Boston, TX 75570
      View Details
    • $250,000

      Commercial Land Near Interstate

      2.5 acres of commercial land with high traffic potential.
      2477 Hwy 82 W, New Boston, TX 75570
      View Details
    • $199,900
      924 SF

      Commercial Land Near Highway 82

      2.5-acre commercial property with excellent visibility and access.
      2943 4008, New Boston, TX 75570
      View Details
    • $635,000
      2,736 SF

      Farm and Ranch Homestead

      50-acre farm and ranch property with main home and cabin.
      6128 Fm 1840, New Boston, TX 75570
      View Details
    • $15,000

      Residential Lot in New Boston

      Cleared, level lot near schools, ideal for custom home.
      110 E Lion Dr., New Boston, TX 75570
      View Details
    • $65,000

      Pasture Land in New Boston, TX

      2.9 acres of pasture land, ideal for homesite.
      CR 2001, New Boston, TX 75570
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.2 acres of prime commercial real estate for sale.
    Where is this commercial land located?
    The property is located at 1016 N Center St New Boston, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 4.2 acres of prime commercial real estate; Interstate frontage for maximum visibility; High traffic count ensures excellent exposure
    (903) 280-8656
    We can help!
    Listing Contact
    Nicholas Basso
    Nicholas Basso
    Real Estate License ID: TX 718322
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1016 N Center St, New Boston, TX 75570

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!