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: Sep 6 Last Checked: Sep 18 at 3:06AM

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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.

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 = 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

$4,635

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

3.89%

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%

$92,700 $92.7K

Cap Rate 7%

$66,214 $66.2K

Cap Rate 9%

$51,500 $51.5K

Market Conditions

NOI Build-Up for 900 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

$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 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%

$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 3.89%

Second Best

Flex RnD

$63.9K

$55.9K – $74.6K (±1% cap)

NOI $4,473 @ 7.0% cap · market cap 3.76%

Theoretical Best

Hotel Hospitality

$677.9K

$593.2K – $790.9K (±1% cap)

NOI $47,453 @ 7.0% cap · market cap 39.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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 $119,000.

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