Updated Flex Building with
For Sale
$175,000
3005 S Lake Dr, Texarkana, TX 75501
Heated and cooled layout combines offices, classrooms, and a workroom with overhead doors.
Property Size3,000 SF
Price / SF$58.33
Days on Market91
Property Features for 3005 S Lake Dr
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
29
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
1978
Year Renovated
2019
Construction
metal building
Listing Agency:
Century 21 All Points Realty
Listed By:
Claudia Snow · License #SA00070704
(903) 277-0974
Source:
Pcsingtolittlerock
Added: Jul 16
Changed: Sep 30
Last Checked: Oct 7 at 4:32PM
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 Century 21 All Points Realty
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex building was constructed in 1978 and updated in 2019. The heated and cooled interior includes an office area, four classrooms, a workroom or garage, and a half bath. Improvements completed during the update include wiring, sheetrock, interior doors, drop ceilings, and stained concrete floors. Two HVAC units serve the building from secured exterior cages, while two overhead doors support the workroom or garage area.
The property occupies a corner lot at Harrison St. and S. Lake Drive in Texarkana, with access to city services and approximately 20–29 existing on-site parking spaces. The configuration supports office, training, and light industrial functions within a single commercial building.
The property occupies a corner lot at Harrison St. and S. Lake Drive in Texarkana, with access to city services and approximately 20–29 existing on-site parking spaces. The configuration supports office, training, and light industrial functions within a single commercial building.
Key Highlights
- 3,000‑square‑foot flex building on a corner lot
- Updated in 2019 with new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring
- Four dedicated classrooms plus an office area and workroom or garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,449
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,980
$309.0K
Cap Rate 7%
$220,700
$220.7K
Cap Rate 9%
$171,656
$171.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$24.1K $8.04/SF
− Vacancy
−$2.1K −$0.68/SF
EGI
$22.1K $7.36/SF
− OpEx
−$6.6K −$2.21/SF
NOI
$15.4K $5.15/SF
Area
Bowie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,980
Cap Rate 7%
$220,700
Cap Rate 9%
$171,656
Alternative Uses
Best Use
Office B
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 28.67%
Second Best
Warehouse
$268.0K
$234.5K – $312.7K
NOI $18,759 @ 7.0% cap · market cap 10.72%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 90.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Heated and cooled layout combines offices, classrooms, and a workroom with overhead doors.
Where is this flex space located?
The property is located at 3005 S Lake Dr Texarkana, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex building on a corner lot; Updated in 2019 with new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring; Four dedicated classrooms plus an office area and workroom or garage
