Medical Office Building with Rear
For Sale
$2,300,000
4622 MCKNIGHT RD, Texarkana, TX 75503
COMMERCIAL - Texarkana, TX
Property Size7,747 SF
Lot Size1.00 Acre
Price / SF$296.89
Days on Market31
Property Features for 4622 MCKNIGHT RD
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 4
Subdivision
GEORGE BRINLEE
Directions
RICHMOND RD TO MCKNIGHT RIGHT ON MCKNIGHT PROPERTY ON RIGHT
Standard status
Active
Size
7,747 SF
Lot size
1.00 Acre
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Brick
Listing Agency:
Doris Morris
(903) 244-2981
Listed By:
Doris Morris · License #AR PB00044074 TX 4136054
(903) 244-2981
Added: Jul 12
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 202074
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.
Investment Insights
Based on property information with market context.
Medical office building totaling 7,747 SF on a 1-acre lot, constructed with brick exterior and finished with ceramic tile flooring. The property is currently occupied by a dentist office, with additional rear office space available totaling 3,000 SF.
The building is equipped with central electric heating and central air conditioning, supported by public sewer. Built in 1979, the space is positioned in the heart of Pleasant Grove, supporting convenient access for day-to-day professional use.
The layout includes multiple restrooms, providing accommodations for staff and patient visits within the existing office configuration and the available rear offices.
The building is equipped with central electric heating and central air conditioning, supported by public sewer. Built in 1979, the space is positioned in the heart of Pleasant Grove, supporting convenient access for day-to-day professional use.
The layout includes multiple restrooms, providing accommodations for staff and patient visits within the existing office configuration and the available rear offices.
Key Highlights
- 7,747 SF medical office building on a 1‑acre lot
- Rear offices available totaling 3,000 SF
- Currently occupied by a dentist office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,591,680
$2.6M
Cap Rate 7%
$1,851,200
$1.9M
Cap Rate 9%
$1,439,822
$1.4M
Market Conditions
NOI Build-Up for 7,747 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$238.0K $30.72/SF
− Vacancy
−$65.2K −$8.42/SF
EGI
$172.8K $22.30/SF
− OpEx
−$43.2K −$5.58/SF
NOI
$129.6K $16.73/SF
Area
Bowie County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,591,680
Cap Rate 7%
$1,851,200
Cap Rate 9%
$1,439,822
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,584 @ 7.0% cap · market cap 5.63%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,097 @ 7.0% cap · market cap 4.44%
Theoretical Best
Hotel Hospitality
$5.84M
$5.11M – $6.81M
NOI $408,461 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Pleasant Grove Animal Hospital — 4307 McKnight Rd, Texarkana, TX 75503
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical office building occupied by a dentist office, with rear office space available and central electric heating and cooling.
Where is this medical office space located?
The property is located at 4622 MCKNIGHT RD Texarkana, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7,747 SF medical office building on a 1‑acre lot; Rear offices available totaling 3,000 SF; Currently occupied by a dentist office
