Retail Space For
For Sale
$495,000
1609 New Boston Rd, Texarkana, TX 75501
Retail space available for sale or lease in Texarkana.
Property Size2,143 SF
Days on Market242
Property Features for 1609 New Boston Rd
General Information
Standard status
Active
Size
2,143 SF
Property subtype
Retail
Building Details
Building Size
2,143 SF
Year Built
1987
Listing Agency:
NAI American Realty
Listed By:
Steven Harvey · License #TX #617762
(903) 793-2666
Source:
Naiglobal
Added: Feb 26
Changed: Oct 25
Last Checked: Oct 24 at 3:11PM
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 NAI American Realty
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Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for retail space, is available for sale or lease. The lease rate is $19 per square foot on a triple net lease basis. The property is located at 1609 New Boston Road in Texarkana, Texas.
Key Highlights
- Available for sale
- Available for lease
- Lease rate is $19/SF NNN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,570
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,400
$711.4K
Cap Rate 7%
$508,143
$508.1K
Cap Rate 9%
$395,222
$395.2K
Market Conditions
NOI Build-Up for 2,143 SF
Gross rent
$53.5K $24.96/SF
− Vacancy
−$2.7K −$1.25/SF
EGI
$50.8K $23.71/SF
− OpEx
−$15.2K −$7.11/SF
NOI
$35.6K $16.60/SF
Area
Bowie County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,400
Cap Rate 7%
$508,143
Cap Rate 9%
$395,222
Alternative Uses
Best Use
Retail
$508.1K
$444.6K – $592.8K
NOI $35,570 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 22.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale or lease in Texarkana.
Where is this retail space located?
The property is located at 1609 New Boston Rd Texarkana, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Available for sale; Available for lease; Lease rate is $19/SF NNN
