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

    908 Spruce St Texarkana, TX 75501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $210,000

    Updated office building in downtown Texarkana with ample parking.

    Lot size:
    0.24 Acres

    Property Features for 908 Spruce St

    General Information

    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Jack Lenhart Commercial
    Source: Cbcworldwide

    Listing Agent: Jack Lenhart Commercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Texarkana Updated Office Building

    Located in downtown Texarkana, this updated office building offers approximately 2,586 square feet of interior space. The building is situated on a lot of about 0.24 acres. The layout includes five individual offices, one restroom, a dedicated conference room, a kitchen/break room, and additional storage rooms. Generous parking is available for staff and clients. Positioned on Spruce Street, the location is within close proximity to Texarkana's business district, making it ideal for professionals seeking a downtown office presence. With downtown visibility, the property suits businesses such as legal firms, financial services, consulting agencies, medical offices, or professional services seeking an accessible location with ample parking. This building presents an opportunity for owner-occupiers or investors looking for a turnkey office environment. Its combination of modern systems, functional layout, and downtown address makes it attractive for a wide range of commercial tenants.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply 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
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.050359
    Latitude
    33.426969

    Nearby Similar for Sale

    • New
      $500,000
      3,800 SF

      Texarkana Commercial Facility For Sale

      Versatile commercial facility on 2.67 acres with highway frontage.
      6466 Us Highway 59 S, Texarkana, TX 75501
      View Details
    • New
      $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
    • $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
    • $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
    • $2,300,000
      7,747 SF

      Texarkana Commercial Building For Sale

      Commercial building in Pleasant Grove with exceptional visibility and rear offices.
      4622 Mcknight Rd, 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
    • $500,000
      1.93 Acres

      Prime Location Near A&M University

      Excellent location for various businesses near A&M University.
      6224 Richmond Rd, Texarkana, TX 75503
      View Details
    • $100,000
      920 SF

      Texarkana Commercial Building on Summerhill

      Commercial building on Summerhill Rd, suitable for various retail businesses.
      3100 Summerhill Rd, Texarkana, TX 75503
      View Details
    • $148,900
      3,761 SF

      Vacant Office Building in Texarkana

      Vacant office building with 12 rooms, suitable for build-out.
      803 Pine St, Texarkana, TX 75503
      View Details
    • $90,000
      2,694 SF

      Texarkana Lake-Area Commercial Opportunity

      1.55-acre property near Lake Wright Patman with commercial potential.
      1367 Sherwood Forest Dr, Texarkana, TX 75501
      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

    FAQs

    What type of property is this?
    Office building - Updated office building in downtown Texarkana with ample parking.
    Where is this office building located?
    The property is located at 908 Spruce St Texarkana, TX.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Updated office building in the heart of downtown Texarkana.; - Ample parking for staff and clients.; - Functional layout with **five individual offices, conference room, kitchen/break room, and storage.**
    (903) 918-2707
    Request Owner's contact information
    908 Spruce St Texarkana, TX 75501
    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.
    908 Spruce St
    Texarkana, TX 75501
    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
    908 Spruce St Texarkana, TX 75501
    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
    Jack Lenhart Commercial
    Real Estate License ID: 441875
    (903) 918-2707
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!