Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Texarkana Commercial Building Title is generated by Realmo AI

    3005 S Lake Drive, Texarkana, TX 75501

    View on Map
    Claim this Listing
    For Sale
    $175,000

    SINGLE_FAMILY - Texarkana, TX

    Type:Office
    Property size:
    3,000 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $58/SF
    Added:
    Mar 23, 2026
    Days on Market:
    61
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 3005 S Lake Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Security features
    Security
    Exterior features
    Security
    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2704

    Building Details

    Year built
    1978
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Claudia Snow
    Claudia Snow

    Listing agent Claudia Snow License #SA00070704

    Listing office Century 21 All Points Realty 3209 Richmond Rd., Texarkana, TX

    Listing date Mar 23, 2026

    MLS# 26016307

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey metal building suitable for training, office, or light industrial use.
    • Updated in 2019 with modern finishes including new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring.
    • Functional layout with office area, four classrooms, and a spacious workroom/garage with two overhead doors.
    • High‑visibility corner location at Harrison St. and S. Lake Drive with excellent accessibility.
    • Ample on‑site parking with approximately 20‑29 spaces.
    • Efficient operation with average monthly expenses around $1,500 covering taxes, insurance, utilities, and other services.

    Overview

    Located on a prominent corner at Harrison St. and S. Lake Drive, this 3,000 square foot metal building in Texarkana, TX, is suitable for training, office, or light industrial purposes. The property was updated in 2019 with modern finishes, including new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring. The layout includes an office area, four classrooms, and a workroom/garage with two overhead doors. A half bath is available on-site. Climate control is maintained by two caged HVAC units. The property has approximately 20-29 parking spaces. Connected to city services, the property's average monthly expenses are around $1,500, covering taxes, insurance, utilities, pest control, fire extinguisher service, and alarm monitoring. The 0.38-acre corner lot provides accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texarkana Electrical JATC High School

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Daycare Center Hotel & Motel HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.078321
    Latitude
    33.401316

    Nearby Similar for Sale

    • $698,500
      14,355 SF

      Texarkana Commercial Building For Sale

      14,355 SF commercial building suitable for retail or office use.
      702 Texas Blvd., Texarkana, TX 75501
      View Details
    • $495,000
      7,500 SF

      Texarkana Office/Medical Office Opportunity

      Two-story office building near Christus Health in an Opportunity Zone.
      921 Texas Boulevard, Texarkana, TX 75501
      View Details
    • $325,000
      1,200 SF

      Texarkana Commercial Property For Sale

      Commercial property in Texarkana, TX, suitable for auto-related businesses.
      2007 Texas Blvd., Texarkana, TX 75501
      View Details
    • $500,000
      3,800 SF

      Texarkana Commercial Facility For Sale

      Versatile commercial facility on 2.67 acres with highway frontage.
      6466 S Hwy 59, Texarkana, TX 75501
      View Details
    • $495,000
      2,700 SF

      Restaurant Ready for New Venture

      Well-equipped restaurant near Hwy 67 W and school property.
      217 Redwater BLVD, Texarkana, TX 75501
      View Details
    • $900,000
      7,425 SF

      Texarkana Commercial Building For Sale

      Iconic location with a large building suitable for office or retail.
      3033 Kennedy Lane, Texarkana, TX 75503
      View Details
    • $175,000
      3,000 SF

      Versatile Building on High-Visibility Corner

      Turnkey training, office, or light industrial space in Texarkana.
      3005 S Lake Drive, Texarkana, TX 75501
      View Details
    • $500,000
      11,511 SF

      Texarkana Motel Investment Opportunity

      Turnkey motel with manager's apartment in downtown Texarkana.
      819 W 7th street, Texarkana, TX 75501
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office For Sale

      Custom-built office building with 10+ offices in a prime location.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office Building

      Custom-built office with 10+ offices, perfect for professional practices.
      3512 Texas Boulevard, Texarkana, TX 75503
      View Details
    • $599,000
      5,000 SF

      Versatile Commercial Property, Texarkana, TX

      2.939 acres with two steel buildings, no zoning restrictions.
      5315 Trexler Rd., Texarkana, TX 75501
      View Details
    • $469,000
      1,800 SF

      Texarkana Commercial Property For Sale

      Prime commercial property in Texarkana with long-term lease and 8.5 CAP.
      3725 N State Line Ave, Texarkana, TX 75503
      View Details

    FAQs

    What type of property is this?
    Flex space - Turnkey training/office/light industrial space on high-visibility corner lot.
    Where is this flex space located?
    The property is located at 3005 S Lake Drive 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: Turnkey metal building suitable for training, office, or light industrial use.; Updated in 2019 with modern finishes including new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring.; Functional layout with office area, four classrooms, and a spacious workroom/garage with two overhead doors.
    (903) 277-0974
    We can help!
    Listing Contact
    Claudia Snow
    Claudia Snow
    Real Estate License ID: SA00070704
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3005 S Lake Drive, Texarkana, TX 75501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!