Kings Highway Development
For Sale
$925,000
1816 S Kings Hwy, Texarkana, TX 75501
11.7 acres suitable for self-storage, industrial, or flex space.
Property Size9,000 SF
Lot Size11.70 Acres
Price / SF$102.78
Days on Market209
Property Features for 1816 S Kings Hwy
General Information
Standard status
Active
Size
9,000 SF
Lot size
11.70 Acres
Property subtype
Land
Building Details
Year Built
1979
Listing Agency:
Ashley Group Commercial Real Estate
Listed By:
Grayson Chilton
(501) 326-7753
Source:
Ashleygroupproperties
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 19 at 4:41AM
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 Ashley Group Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11.7-acre site on South Kings Highway is fully fenced with a newly installed gate. Currently, the property includes two self-storage buildings totaling 9,000 square feet. The site presents development opportunities for self-storage facilities, industrial use, or small office/warehouse flex space.
Key Highlights
- 11.7 acres on South Kings Highway offers significant development potential.
- Existing infrastructure includes full fencing and a new gate.
- Two self‑storage buildings totaling 9,000 SF are already on the site.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,208
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,160
$944.2K
Cap Rate 7%
$674,400
$674.4K
Cap Rate 9%
$524,533
$524.5K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$72.4K $8.04/SF
− Vacancy
−$4.9K −$0.55/SF
EGI
$67.4K $7.49/SF
− OpEx
−$20.2K −$2.25/SF
NOI
$47.2K $5.25/SF
Area
Bowie County, TX
Vacancy
6.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,160
Cap Rate 7%
$674,400
Cap Rate 9%
$524,533
Alternative Uses
Best Use
Self Storage
$674.4K
$590.1K – $786.8K
NOI $47,208 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$662.1K
$579.3K – $772.5K
NOI $46,347 @ 7.0% cap · market cap 5.01%
Theoretical Best
Hotel Hospitality
$6.78M
$5.93M – $7.91M
NOI $474,525 @ 7.0% cap · market cap 51.30%
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
52
Businesses Nearby
Explore this area
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Land - 11.7 acres suitable for self-storage, industrial, or flex space.
Where is this land located?
The property is located at 1816 S Kings Hwy Texarkana, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 11.7 acres on South Kings Highway offers significant development potential.; Existing infrastructure includes full fencing and a new gate.; Two self‑storage buildings totaling 9,000 SF are already on the site.
