Building Details

Year built 2001

Floors in Building 1

Number of units 1

Building materials Metal Siding

Roof type Metal

Listing Agency: Century 21 All Points Show Phone

Listed By: Lisa Singleton · License #SA00043227 Show Phone

Added: Jun 17 Changed: Oct 21 Last Checked: Nov 2 at 6:06PM

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MLS# 204447

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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex space includes a 900-square-foot metal building on 0.52 acres at 13510 New Boston Rd. in Hooks, Texas. Constructed in 2001, the property features metal siding, a metal roof, a 10-foot overhead door, electricity, public water, electric heat, and a window unit for cooling.

The property fronts State Highway 82 and carries a Hooks, TX 75561 address in Bowie County. Its combination of enclosed building area, open land, and basic utility service provides a straightforward commercial configuration for the flex-space classification.

Key Highlights

• 900‑square‑foot metal building on 0.52 acres
• 10‑foot overhead door
• Frontage on State Highway 82

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,635

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$92,700 $92.7K

Cap Rate 7%

$66,214 $66.2K

Cap Rate 9%

$51,500 $51.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 900 SF

Gross rent

$7.2K $8.04/SF

− Vacancy

−$615 −$0.68/SF

EGI

$6.6K $7.36/SF

− OpEx

−$2.0K −$2.21/SF

NOI

$4.6K $5.15/SF

Area

Bowie County, TX

Vacancy

8.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$92,700

Cap Rate 7%

$66,214

Cap Rate 9%

$51,500

Alternative Uses

Best Use

Industrial

$66.2K

$57.9K – $77.3K (±1% cap)

NOI $4,635 @ 7.0% cap · market cap 4.25%

Second Best

Flex RnD

$63.9K

$55.9K – $74.6K (±1% cap)

NOI $4,473 @ 7.0% cap · market cap 4.10%

Theoretical Best

Hotel Hospitality

$677.9K

$593.2K – $790.9K (±1% cap)

NOI $47,453 @ 7.0% cap · market cap 43.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75561, TX

4,875

Population

2,317

Households

2.1

Avg Household Size

41

Median Age

21%

College-Educated

87%

High-School Grad

46.4 sq mi

ZIP Area

105

Density / Sq Mi

$58,025

Median Household Income

$39,774

Median Earnings

$977

Median Rent

$128,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Metal building with electric service, public water, and an overhead door.

Where is this flex space located?

The property is located at 13510 New Boston Rd. Hooks, TX.

What is the asking price?

The asking price for this property is $109,000.

What are key features of this property?

This property features: 900‑square‑foot metal building on 0.52 acres; 10‑foot overhead door; Frontage on State Highway 82