Sign Up Successful!
You now have access to more from Realmo!
    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

    2905 Arkansas Blvd Texarkana, AR 71854

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Remodeled restaurant with fixtures and equipment included in sale.

    Lot size:
    1.78 Acres

    Property Features for 2905 Arkansas Blvd

    General Information

    Standard status
    Active
    Lot size
    1.78 Acres

    We can help!

    Listing Contact
    Dan Butler
    Source: Exprealty

    Listing Agency: Texarkana Legacy Group Listing Agent: Dan Butler

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

    Learn more

    Overview

    Turnkey Restaurant Opportunity

    This is a newly remodeled restaurant property featuring a new roof, floors, walls, and ceilings. The sale includes all fixtures, tables, chairs, and restaurant equipment. Note that daiquiri machines are not included in the sale. The property is located in Texarkana, Arkansas.
    Location Intelligence

    Current Use by Public Records

    The Dapper at Park Place Event Venue Park Place Restaurant Seafood Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Similar Places Nearby

    Tombo's Bar BQ & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.010577
    Latitude
    33.460804

    Nearby Similar for Sale

    • $475,000
      4,180 SF

      Spacious Ranch with Dual Garages

      Immaculately maintained home with dual living spaces and garages.
      4808 Country Rd, Texarkana, AR 71854
      View Details
    • $9,990,000
      2,680 SF

      Craftsman Duplex in Texarkana, AR

      40-unit multifamily property with potential for Airbnb rentals.
      3911-4030 Brynlee Cir, Texarkana, AR 71854
      View Details
    • $449,500
      5,012 SF

      Texarkana Fourplex with Victorian Charm

      Colonial-style fourplex with original wood floors and high ceilings.
      915 E 5Th St, Texarkana, AR 71854
      View Details
    • $9,990,000
      55,520 SF

      Texarkana Multifamily Investment Opportunity

      40-unit townhome complex on 4 acres, convenient location.
      3911-4030 Brynlee Cir, Texarkana, AR 71854
      View Details
    • $150,000
      3,300 SF

      Charming Downtown Texarkana Duplex

      Classic duplex in downtown Texarkana with renovation potential.
      416/418 Pecan St, Texarkana, AR 71854
      View Details
    • $265,900
      3,057 SF

      Texarkana Commercial Space, Residential Zoning

      Commercial space with residential zoning, ready for tenant occupancy.
      1508 County Ave, Texarkana, AR 71854
      View Details
    • $265,900
      3,057 SF

      Texarkana Commercial Space, Residential Zoning

      3057 Sq Ft commercial space, residentially zoned, undergoing apartment conversion.
      1508 County St, Texarkana, AR 71854
      View Details
    • $750,000
      9,605 SF

      Texarkana Commercial Restaurant Opportunity

      Remodeled restaurant with equipment on 1.78 acres for sale.
      2905 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • $1,800,000
      36,575 SF

      Texarkana Hotel with Commercial Building

      75-unit hotel with additional commercial building and manager's apartment.
      4012 N State Line Ave, Texarkana, AR 71854
      View Details
    • $175,000
      2,815 SF

      Commercial Building in High-Traffic Area

      Spacious commercial building with bar, dancefloor, and outdoor seating.
      714 Laurel St, Texarkana, AR 71854
      View Details
    • $1,900,000
      15,491 SF

      Texarkana Multifamily Investment Opportunity

      Well-maintained multifamily property with 14 doors and steady income.
      3702 Linden St, Texarkana, AR 71854
      View Details
    • $399,000
      4,800 SF

      New Metal Building on Acreage

      New 4800 SF metal building on 1.11 acres.
      2115 E Broad St, Texarkana, AR 71854
      View Details

    FAQs

    What type of property is this?
    Restaurant - Remodeled restaurant with fixtures and equipment included in sale.
    Where is this restaurant located?
    The property is located at 2905 Arkansas Blvd Texarkana, AR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Newly remodeled with new floors, walls, and ceilings.; - New roof ensures long-term reliability.; - Includes fixtures, tables, chairs, and restaurant equipment for a turnkey operation.
    (870) 779-8000
    Request Owner's contact information
    2905 Arkansas Blvd Texarkana, AR 71854
    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.
    2905 Arkansas Blvd
    Texarkana, AR 71854
    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
    2905 Arkansas Blvd Texarkana, AR 71854
    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
    Dan Butler
    (870) 779-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.