Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    210 Rice St New Boston, TX 75570

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.33-acre property in downtown New Boston, prime for redevelopment.

    Lot size:
    2.33 Acres

    Property Features for 210 Rice St

    General Information

    Standard status
    Active
    Zoning
    C-1
    Lot size
    2.33 Acres

    We can help!

    Listing Contact
    Steven Harvey
    Source: Crexi

    Listing Agency: NAI American Realty Listing Agent: Steven Harvey

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

    Learn more

    Overview

    Redevelopment Opportunity in New Boston

    This approximately 2.33-acre property is located in downtown New Boston and presents a redevelopment opportunity within city limits. The site, formerly a skilled nursing and rehabilitation facility, offers a strategic footprint suitable for various commercial uses. The property benefits from strong visibility and accessibility, making it attractive to investors or developers interested in a high-growth area. Potential uses include retail, office, medical, or mixed-use development. The property is offered as-is and represents an opportunity to acquire a sizable tract in a central location with significant redevelopment potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    New Boston
    County
    Bowie
    State
    Texas
    Longitude
    -94.414774
    Latitude
    33.461646

    Nearby Similar for Sale

    • $525,000
      4,500 SF

      Rustic Steakhouse in New Boston

      Turn-key restaurant with a rustic atmosphere in a prime location.
      101 N Elm St, New Boston, TX 75570
      View Details
    • $85,000
      2,926 SF

      Downtown Storefront in High Traffic Area

      Commercial storefront in high-traffic downtown location, currently leased.
      111 N West St, New Boston, TX 75570
      View Details
    • $150,000
      3,178 SF

      Historic Downtown Commercial Opportunity

      Charming historic property in New Boston's vibrant district.
      113 N West St, New Boston, TX 75570
      View Details
    • $144,000
      5,740 SF

      Downtown New Boston Commercial Property

      Commercial property in the heart of downtown New Boston, Texas.
      113 Ellis St, New Boston, TX 75570
      View Details
    • $100,000
      1,089 SF

      Commercial Building in New Boston

      1000 sq ft commercial building with road frontage for sale.
      309 W Us Highway 82, New Boston, TX 75572
      View Details
    • New
      $195,000
      30.00 Acres

      Pasture Land in New Boston

      30 acres of fenced pastureland with ponds near town.
      30 +/- Ac Cr 4007, New Boston, TX 75570
      View Details
    • Contact for pricing
      9,026 SF

      Dollar General Store Investment Opportunity

      NNN leased Dollar General store with long-term renewal options.
      307 Us Highway 82, New Boston, TX 75570
      View Details
    • $2,100,000
      56,596 SF

      Industrial Facility on 25 Acres

      56,596 SF industrial facility on 25 acres near Highway 82.
      1458 S 82, New Boston, TX 75570
      View Details
    • Contact for pricing
      1,650 SF

      Starbucks Investment Property For Sale

      New 10-year lease with options and rent increases.
      706 N Mccoy Blvd, New Boston, TX 75570
      View Details
    • Contact for pricing
      20,147 SF

      New Boston Warehouse For Sale

      20,147 sqft warehouse on approximately 3 acres.
      107 Chapel Ln, New Boston, TX
      View Details
    • Contact for pricing
      15,754 SF

      Warehouse with Office Space

      15,754 SF warehouse with office space for sale.
      135 Miller St, New Boston, TX 75570
      View Details
    • Contact for pricing
      55,000 SF

      New Boston Industrial Investment Property

      Industrial property in New Boston, TX, near Texarkana region.
      1000 N Boundary Rd, New Boston, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.33-acre property in downtown New Boston, prime for redevelopment.
    Where is this commercial land located?
    The property is located at 210 Rice St New Boston, TX.
    What are key features of this property?
    This property features: - Prime 2.33-acre redevelopment opportunity in downtown New Boston.; - Strategic location with strong visibility and accessibility.; - Ideal for retail, office, medical, or mixed-use development.
    Request Owner's contact information
    210 Rice St New Boston, TX 75570
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 Rice St
    New Boston, TX 75570
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    210 Rice St New Boston, TX 75570
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steven Harvey
    Real Estate License ID: 9015473
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!