Automotive Property With
For Sale
$445,000
2805 Summerhill Rd, Texarkana, TX 75503
COMMERCIAL - Texarkana, TX
Property Size996 SF
Lot Size0.46 Acres
Price / SF$446.79
Days on Market159
Property Features for 2805 Summerhill Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GR-GR
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
P A Dalby A-161
Directions
South on Summerhill Rd from I-30, pass College Drive and before you get to Richmond Road the property will be on your right. 2805 Summerhill. Car Lot
Standard status
Active
Size
996 SF
Lot size
0.46 Acres
Building Details
Year built
2017
Number of units
1
Listing Agency:
Texarkana Legacy Group
(870) 779-8000
Listed By:
Dan Butler · License #SA00051422
(870) 779-8000
Added: Mar 19
Changed: Aug 4
Last Checked: Aug 24 at 5:06AM
MLS# 204501
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 automotive property includes a 996-square-foot building constructed in 2017, along with one bathroom. The site encompasses 0.46 acres and was previously used as a car lot.
Located at 2805 Summerhill Rd in Texarkana, Texas, the property offers an established commercial setting for an automotive-oriented operation. Its existing improvements and prior vehicle-related use provide a straightforward physical foundation for continued automotive occupancy.
Located at 2805 Summerhill Rd in Texarkana, Texas, the property offers an established commercial setting for an automotive-oriented operation. Its existing improvements and prior vehicle-related use provide a straightforward physical foundation for continued automotive occupancy.
Key Highlights
- 0.46‑acre automotive property
- 996‑square‑foot building
- Constructed in 2017
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
$16,532
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
3.72%
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%
$330,640
$330.6K
Cap Rate 7%
$236,171
$236.2K
Cap Rate 9%
$183,689
$183.7K
Market Conditions
NOI Build-Up for 996 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
$24.9K $24.96/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$23.6K $23.71/SF
− OpEx
−$7.1K −$7.11/SF
NOI
$16.5K $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 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%
$330,640
Cap Rate 7%
$236,171
Cap Rate 9%
$183,689
Alternative Uses
Best Use
Retail
$236.2K
$206.7K – $275.5K
NOI $16,532 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$73.3K
$64.1K – $85.5K
NOI $5,129 @ 7.0% cap · market cap 1.15%
Theoretical Best
Hotel Hospitality
$750.2K
$656.4K – $875.2K
NOI $52,514 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1414 New Boston Rd, Texarkana, TX 75501
- Commercial Storage & Distribution — 432 Richmond Rd Building 3, Texarkana, TX 75503
- XE Outdoors — 2605 Texas Blvd Ste. 700, Texarkana, TX 75503
- Texarkana Rental Car Co — 3221 Summerhill Rd, Texarkana, TX 75501
- Penske Truck Rental — 3415 Summerhill Rd, Texarkana, TX 75503
Frequently Asked Questions
What type of property is this?
Automotive property - Former car-lot property with an existing building and bathroom.
Where is this automotive property located?
The property is located at 2805 Summerhill Rd Texarkana, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 0.46‑acre automotive property; 996‑square‑foot building; Constructed in 2017
