Three-Bay Auto
For Sale
$225,000
802 Texas Blvd., Texarkana, TX 75501
Commercial Sale, Texarkana, TX
Property Size1,176 SF
Lot Size0.52 Acres
Price / SF$191.33
Days on Market93
Property Features for 802 Texas Blvd.
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Subdivision
Triggs Addition
Lot features
Corner Lot
Directions
The NE corner of Texas Blvd and Martin Luther King.
Standard status
Active
Size
1,176 SF
Lot size
0.52 Acres
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private offices
reception area
restroom
chain-link fence
gated access
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Carpet, Concrete
Building materials
Block, Brick, Metal Siding
Listing Agency:
Griffin Realtors
(870) 774-6101
Listed By:
Mark Wurtele
(903) 277-6665
Added: Jun 10
Changed: Sep 6
Last Checked: Sep 10 at 10:06AM
MLS# 205236
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.
This auto shop combines 1,176 square feet of heated office and showroom space with three private offices, a reception area, and one restroom. Three mechanic bays with roll-up doors provide dedicated service space, while concrete and carpet flooring, central heating, and central air are already in place. The building was constructed in 1960 and includes block, brick, and metal siding construction.
The property occupies 0.52 acres at 802 Texas Blvd. in Texarkana, positioned at the northeast corner of Texas Blvd. and Martin Luther King Jr. Blvd. Traffic counts are approximately 4,970 vehicles per day on Texas Blvd. and 12,090 vehicles per day on Martin Luther King Jr. Blvd. A new 6-foot chain-link fence with gated rear access adds enclosed space for vehicle display, parking, storage, or fleet use. The site was formerly operated as a car lot and includes public water and private sewer.
The property occupies 0.52 acres at 802 Texas Blvd. in Texarkana, positioned at the northeast corner of Texas Blvd. and Martin Luther King Jr. Blvd. Traffic counts are approximately 4,970 vehicles per day on Texas Blvd. and 12,090 vehicles per day on Martin Luther King Jr. Blvd. A new 6-foot chain-link fence with gated rear access adds enclosed space for vehicle display, parking, storage, or fleet use. The site was formerly operated as a car lot and includes public water and private sewer.
Key Highlights
- 1,176 square feet of heated office and showroom space
- Three mechanic bays equipped with roll‑up doors
- 0.52‑acre corner property at 802 Texas Blvd., Texarkana, TX 75501
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
$19,671
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
8.74%
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%
$393,420
$393.4K
Cap Rate 7%
$281,014
$281.0K
Cap Rate 9%
$218,567
$218.6K
Market Conditions
NOI Build-Up for 1,176 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
$36.1K $30.72/SF
− Vacancy
−$9.9K −$8.42/SF
EGI
$26.2K $22.30/SF
− OpEx
−$6.6K −$5.58/SF
NOI
$19.7K $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%
$393,420
Cap Rate 7%
$281,014
Cap Rate 9%
$218,567
Alternative Uses
Best Use
Office B
$281.0K
$245.9K – $327.9K
NOI $19,671 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$278.9K
$244.0K – $325.3K
NOI $19,520 @ 7.0% cap · market cap 8.68%
Theoretical Best
Hotel Hospitality
$885.8K
$775.1K – $1.03M
NOI $62,005 @ 7.0% cap · market cap 27.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75501, TX
36,423
Population
15,302
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
86%
High-School Grad
96.3 sq mi
ZIP Area
378
Density / Sq Mi
$46,782
Median Household Income
$33,758
Median Earnings
$904
Median Rent
$125,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Office and service-bay configuration supports automotive, retail, and professional operations.
Where is this auto shop located?
The property is located at 802 Texas Blvd. Texarkana, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,176 square feet of heated office and showroom space; Three mechanic bays equipped with roll‑up doors; 0.52‑acre corner property at 802 Texas Blvd., Texarkana, TX 75501
