Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 Saint Michael Dr Texarkana, TX 75503

    Sponsored
    For Sale
    $3,500,000

    Multiple Single Units - Texarkana, TX

    Lot size:
    30.61 Acres
    Days on Market:
    37
    Last Refresh:
    Jan 20 at 10:06 pm

    Property Features for 500 Saint Michael Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    17500002001
    Parking
    149
    Parking features
    RV
    Lot size
    30.61 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1977
    Floors in Building
    1
    Flooring type
    Other
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Blaz Korosec

    Texas Ally Real Estate Group (512) 763-2559

    Listing agent Blaz Korosec (214) 554-1527 License #0685278

    Listing date Dec 15, 2025

    MLS# 21132841 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Texarkana Land For Sale

    This property features 30.61 acres of land located in Texarkana, Texas. The site is identified as multiple single units and is situated in Bowie County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.047539
    Latitude
    33.47309

    Nearby Similar for Sale

    • $428,000
      2,272 SF

      Charming Texarkana Event Venue

      Rustic venue on 1.26 acres for weddings and events.
      4600 Rose Acres Rd, Texarkana, TX 75502
      View Details
    • $359,900
      3,418 SF

      Remodeled Office Building on Texas Blvd

      Fully remodeled office building with modern amenities and ample parking.
      4609 Texas Blvd, Texarkana, TX 75503
      View Details
    • $175,000
      4,550 SF

      Downtown Texarkana Commercial Building

      Commercial building with 4,550 sqft in downtown Texarkana.
      218 Main St, Texarkana, TX 75503
      View Details
    • New
      $385,500
      5,136 SF

      Texarkana Multifamily Investment Opportunity

      Multifamily property featuring eight units in Texarkana, Texas.
      1301 Pine St, Texarkana, TX 75501
      View Details
    • $495,000
      2,700 SF

      Restaurant Ready for New Venture

      Well-equipped restaurant near Hwy 67 W and school property.
      217 Redwater Blvd, Texarkana, TX 75501
      View Details
    • $569,000
      8.00 Acres

      Texarkana Mobile Home Investment Opportunity

      Mobile home park with value-add potential in a peaceful setting.
      620 George Thomas Rd, Texarkana, TX 75501
      View Details
    • $198,250
      6,365 SF

      Equipped Church Building on Corner

      Fully equipped church with expansion potential on a corner lot.
      802 Pierre St, Texarkana, TX 75501
      View Details
    • $329,888
      0.21 Acres

      Texarkana Fourplex Investment Opportunity

      Two-story fourplex near shopping, schools, dining, and medical care.
      322-328 Brookwood Dr, Texarkana, TX 75501
      View Details
    • New
      $875,000
      7,500 SF

      Texarkana Office/Medical Office Opportunity

      Two-story office building near Christus Health, ideal for medical use.
      921 Texas Blvd, Texarkana, TX 75501
      View Details
    • $1,010,000
      9,654 SF

      Texarkana Townhouse Units For Sale

      Seven townhouse units in Texarkana, TX, generating $8175 monthly.
      6210 Gould Ln, Texarkana, TX 75503
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office For Sale

      Custom-built office building with 10+ offices in a prime location.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office Building

      Custom-built office with 10+ offices, perfect for professional practices.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details

    FAQs

    What type of property is this?
    Land - 30.61 acres of land available in Texarkana, Texas.
    Where is this land located?
    The property is located at 500 Saint Michael Dr Texarkana, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - RV Parking available; - Natural Gas Heating for efficient warmth; - Frame Construction
    (512) 763-2559
    Request Owner's contact information
    500 Saint Michael Dr Texarkana, TX 75503
    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.
    500 Saint Michael Dr
    Texarkana, TX 75503
    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
    500 Saint Michael Dr Texarkana, TX 75503
    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

    We can help!
    Listing Contact
    Blaz Korosec
    Real Estate License ID: 0685278
    (512) 763-2559
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.