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    Texarkana Restaurant and Entertainment Venue Title is generated by Realmo AI

    8400 West 7th Street, Texarkana, TX 75501

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    For Sale
    $850,000

    Unique restaurant and venue with indoor and outdoor spaces.

    Type:Retail
    Property size:
    4,236 SF
    Price / SF:
    $200/SF
    Added:
    Feb 26, 2026
    Days on Market:
    100
    Last Refresh:
    Feb 26 at 10:29 pm

    Property Features for 8400 West 7th Street

    General Information

    Standard status
    Active
    Size
    4,236 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Steven Harvey

    Listing agent Steven Harvey License #TX #617762

    Listing office

    Listing date Feb 26, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of Steven Harvey

    HighLights

    • High visibility location on Highway 67
    • 4,236 sq. ft. restaurant space suitable for various concepts
    • Indoor dining area and enclosed patio, each with a bar
    • Features a covered outdoor venue area with stage and bar
    • Built in 2014
    • Suitable for sale or lease

    Overview

    Located in Texarkana, Texas, this 4,236 sq. ft. property, formerly The Duke Bar & Grill, is available for sale or lease. The property features a restaurant space with an indoor dining area and an enclosed patio, each equipped with its own bar. Additionally, there is a covered venue area with a stage and bar suitable for concerts and events. Situated with high visibility on Highway 67, this property is suited for a restaurant, brewery, or beer garden.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $105.7k $24.96
    − Vacancy −$5.3k −$1.25
    EGI $100.4k $23.71
    − OpEx −$25.1k −$5.93
    NOI $75.3k $17.78
    4,236 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.08M
    $941.7K – $1.26M (±1% cap)
    NOI $75,333 @ 7.0% cap · market cap 8.86%
    Second Best
    Retail
    $1.00M
    $878.9K – $1.17M (±1% cap)
    NOI $70,311 @ 7.0% cap · market cap 8.27%
    Theoretical Best
    Hotel Hospitality
    $3.19M
    $2.79M – $3.72M (±1% cap)
    NOI $223,343 @ 7.0% cap · market cap 26.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    The Duke Bar and Grill Restaurant

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom Grocery & Convenience Store

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

    Similar Places Nearby

    • Redbone Magic Brewing — 1304 Texas Blvd, Texarkana, TX 75501

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.163913
    Latitude
    33.403261

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    FAQs

    What type of property is this?
    Bar & Pub - Unique restaurant and venue with indoor and outdoor spaces.
    Where is this bar & pub located?
    The property is located at 8400 West 7th Street Texarkana, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: High visibility location on Highway 67; 4,236 sq. ft. restaurant space suitable for various concepts; Indoor dining area and enclosed patio, each with a bar
    (903) 280-6138
    We can help!
    Listing Contact
    Steven Harvey
    Real Estate License ID: TX #617762
    Learn More
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    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.

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    8400 West 7th Street | Texarkana, TX 75501
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