Mixed-Use Building with
For Sale
$175,000
3005 S Lake Drive, Texarkana, TX 75501
Commercial / Industrial, Texarkana, TX
Property Size3,000 SF
Lot Size0.38 Acres
Price / SF$58.33
Days on Market200
Property Features for 3005 S Lake Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
20
Security features
Security
Exterior features
Security
Lot features
Level
Directions
From S. Robison Road, turn East onto S. Lake Dr. #3005 is on your right - a few doors past Dairy Queen
Subdivision
Liberty-Eylau
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
Listing Agency:
Century 21 All Points Realty
(903) 832-4561
Listed By:
Claudia Snow · License #SA00070704
(903) 277-0974
Added: Mar 23
Changed: Sep 18
Last Checked: Oct 8 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This 3,000-square-foot mixed-use property occupies a 0.38-acre corner lot at Harrison St. and S. Lake Drive in Texarkana. The metal building was constructed in 1978 and updated in 2019 with new wiring, sheetrock, interior doors, drop ceilings, and stained concrete flooring. Its fully heated and cooled layout includes an office area, four classrooms, a workroom/garage, and a half bath.
The workroom/garage has two overhead doors, while two HVAC units are secured in exterior cages. Approximately 20-29 existing parking spaces serve the property, which is connected to city services. The configuration supports office, training, and light industrial use as currently arranged.
The workroom/garage has two overhead doors, while two HVAC units are secured in exterior cages. Approximately 20-29 existing parking spaces serve the property, which is connected to city services. The configuration supports office, training, and light industrial use as currently arranged.
Key Highlights
- 3,000 SF mixed‑use metal building on a 0.38‑acre corner lot
- Updated in 2019 with new wiring, sheetrock, doors, drop ceilings, and stained concrete flooring
- Four dedicated classrooms plus an office area and workroom/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
Mixed Use
$443.6K
$388.1K – $517.5K
NOI $31,050 @ 7.0% cap · market cap 17.74%
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.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated corner-lot facility with offices, classrooms, HVAC, and a garage area supporting training or light industrial operations.
Where is this mixed-use property 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: 3,000 SF mixed‑use metal building on a 0.38‑acre corner lot; Updated in 2019 with new wiring, sheetrock, doors, drop ceilings, and stained concrete flooring; Four dedicated classrooms plus an office area and workroom/garage
