Turnkey Flex Building with
3005 S Lake Dr Texarkana, TX 75501
For Sale
$175,000
Move-in-ready corner flex property with office, four classrooms, and a heated workroom/garage with overhead doors.
Property Size3,000 SF
Price / SF$58.33
Days on Market93
Property Features for 3005 S Lake Dr
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing Agency:
Century 21 All Points
(903) 277-0974
Listed By:
Claudia Snow · License #SA00070704
(903) 277-0974
Source:
Exprealty
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 23 at 7:18PM
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
Investment Insights
Based on property information with market context.
This versatile metal building is currently configured for the Texarkana Electrical Joint Apprenticeship Training Committee and is presented as a turnkey, move-in-ready facility. Updates in 2019 include modern interior finishes such as new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring. The layout provides a fully heated and cooled office area, four dedicated classrooms, and a spacious workroom/garage suited to hands-on operations. The workroom/garage includes two overhead doors for practical equipment and service access, and there is a half bath on-site. Climate control is supported by two HVAC units housed in exterior cages.
The property sits on a corner lot at Harrison St. and S. Lake Drive and is positioned for straightforward access. It offers approximately 20–29 on-site parking spaces and is connected to city services.
For tenants and buyers seeking flex or training-focused space, the combination of conditioned office/classroom rooms and a garage area with overhead doors supports both instruction and light service workflows. Because it is fully equipped with modernized interior systems and has ongoing operational coverage for taxes, insurance, utilities, and required services as described, it can be a practical option for educational, trade, or light industrial use.
The property sits on a corner lot at Harrison St. and S. Lake Drive and is positioned for straightforward access. It offers approximately 20–29 on-site parking spaces and is connected to city services.
For tenants and buyers seeking flex or training-focused space, the combination of conditioned office/classroom rooms and a garage area with overhead doors supports both instruction and light service workflows. Because it is fully equipped with modernized interior systems and has ongoing operational coverage for taxes, insurance, utilities, and required services as described, it can be a practical option for educational, trade, or light industrial use.
Key Highlights
- High‑visibility corner at Harrison St. and S. Lake Drive with ample on‑site parking for ~20–29 spaces
- Metal building configured for training, office, or light industrial use with fully heated and cooled interior
- 2019 updates include new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $8.04 |
| − Vacancy | −$2.1k | −$0.68 |
| EGI | $22.1k | $7.36 |
| − OpEx | −$6.6k | −$2.21 |
| NOI | $15.4k | $5.15 |
3,000 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$716.9K
$627.3K – $836.4K
NOI $50,181 @ 7.0% cap · market cap 28.67%
Second Best
Industrial
$220.7K
$193.1K – $257.5K
NOI $15,449 @ 7.0% cap · market cap 8.83%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texarkana Electrical JATC
High School
FAQs
What type of property is this?
Flex space - Move-in-ready corner flex property with office, four classrooms, and a heated workroom/garage 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: High‑visibility corner at Harrison St. and S. Lake Drive with ample on‑site parking for ~20–29 spaces; Metal building configured for training, office, or light industrial use with fully heated and cooled interior; 2019 updates include new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring
