Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Texarkana Mobile Home Investment Title is generated by Realmo AI

    620 George Thomas road, Texarkana, TX 75501

    View on Map
    Claim this Listing
    For Sale
    $549,000

    COMMERCIAL - Texarkana, TX

    Lot size:
    8.00 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    112
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 620 George Thomas road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    Lot size
    8.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Number of units
    12

    We can help!

    Listing Contact
    Manju Pokhrel

    Listing agent Manju Pokhrel License #SA00089685

    Listing office Better Homes & Gardens Real Estate Infinity 4602 McKnight Rd, Texarkana, TX

    Listing date Feb 11, 2026

    MLS# 200861

    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.

    HighLights

    • High CAP Rate: Offers a 10.83% capitalization rate, indicating strong potential for return on investment.
    • Value‑Add Opportunity: Two units require renovation and one is being remodeled, presenting immediate upside potential.
    • Expansion Potential: Includes additional land with developed septic systems, allowing for future placement of more trailer homes.
    • Diversified Income: Consists of 12 individual rental units, providing multiple income streams.
    • High Occupancy: Currently 75% occupied (9 out of 12 units rented), demonstrating existing demand.
    • Peaceful Setting: Located in a quiet, peaceful rural area surrounded by natural beauty.

    Overview

    This mobile home park in Texarkana, TX, presents a manufactured housing investment opportunity in a quiet, peaceful setting. The property is 75% occupied and offers a 10.83% CAP rate. It comprises 12 individual units, each rented separately, providing diversified income streams. Currently, 9 units are occupied, 1 unit is being remodeled, and 2 units require renovation, offering immediate value-add upside. The property also includes additional land with septic systems already developed, allowing for the placement of more trailer homes and future expansion, creating an opportunity for increased density and cash flow. The property is situated on a lot of 8 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Hair Salon Department Store Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Grocery & Convenience Store Bakery Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.08711
    Latitude
    33.335873

    Nearby Similar for Sale

    • $698,500
      14,355 SF

      Texarkana Commercial Building For Sale

      14,355 SF commercial building suitable for retail or office use.
      702 Texas Blvd., Texarkana, TX 75501
      View Details
    • $325,000
      1,200 SF

      Texarkana Commercial Property For Sale

      Commercial property in Texarkana, TX, suitable for auto-related businesses.
      2007 Texas Blvd., Texarkana, TX 75501
      View Details
    • $500,000
      3,800 SF

      Texarkana Commercial Facility For Sale

      Versatile commercial facility on 2.67 acres with highway frontage.
      6466 S Hwy 59, Texarkana, TX 75501
      View Details
    • $900,000
      7,425 SF

      Texarkana Commercial Building For Sale

      Iconic location with a large building suitable for office or retail.
      3033 Kennedy Lane, Texarkana, TX 75503
      View Details
    • $175,000
      3,000 SF

      Versatile Building on High-Visibility Corner

      Turnkey training, office, or light industrial space in Texarkana.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $500,000
      11,511 SF

      Texarkana Motel Investment Opportunity

      Turnkey motel with manager's apartment in downtown Texarkana.
      819 W 7th street, Texarkana, TX 75501
      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
    • $175,000
      3,000 SF

      Versatile Texarkana Commercial Building

      Turnkey training/office/light industrial space on high-visibility corner lot.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $469,000
      1,800 SF

      Texarkana Commercial Property For Sale

      Prime commercial property in Texarkana with long-term lease and 8.5 CAP.
      3725 N State Line Ave, Texarkana, TX 75503
      View Details
    • $350,000
      2,272 SF

      Event Venue with Creekside Ceremony

      Exceptional wedding and event venue with indoor and outdoor spaces.
      4600 Rose Acres, Texarkana, TX 75503
      View Details
    • $235,000
      7,570 SF

      Versatile Commercial Property in Texarkana

      High-visibility commercial property with shop, offices, and storage.
      2411 W 7th ST., Texarkana, TX 75501
      View Details
    • $599,000
      5,000 SF

      Versatile Commercial Property, Texarkana, TX

      2.939 acres with two steel buildings, no zoning restrictions.
      5315 Trexler Rd., Texarkana, TX 75501
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park with value-add potential in Texarkana, TX.
    Where is this mobile home & rv park located?
    The property is located at 620 George Thomas road Texarkana, TX.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: High CAP Rate: Offers a 10.83% capitalization rate, indicating strong potential for return on investment.; Value‑Add Opportunity: Two units require renovation and one is being remodeled, presenting immediate upside potential.; Expansion Potential: Includes additional land with developed septic systems, allowing for future placement of more trailer homes.
    (469) 471-7919
    We can help!
    Listing Contact
    Manju Pokhrel
    Real Estate License ID: SA00089685
    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
    620 George Thomas road, Texarkana, TX 75501
    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!