Flex Space With Office
For Sale
$900,000
3033 Kennedy Lane, Texarkana, TX 75503
Metal-frame building includes offices, practice rooms, retail area, and two baths.
Property Size7,425 SF
Days on Market174
Property Features for 3033 Kennedy Lane
General Information
Standard status
Active
Size
7,425 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
F 1
Additional Details
Road Access
Yes
Building Details
Building Size
7,425 SF
Year Built
1986
Buildings
1
Stories
2
Units
1
Construction
metal frame
Listing Agency:
Better Homes & Gardens Real Estate Infinity
(903) 276-9464
Listed By:
Teresa Liepman · License #PB00065270
(903) 276-9464
Source:
Hairerealty
Added: Mar 2
Changed: Aug 20
Last Checked: Aug 23 at 12:33PM
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 Better Homes & Gardens Real Estate Infinity
Investment Insights
Based on property information with market context.
This flex-space property is a metal-frame building with brick veneer across the front elevation. The existing layout includes 8 plus offices, practice rooms, a substantial open area suitable for retail use, and 2 baths. Constructed in 1986, the building is zoned F 1.
The property occupies the corner of Cowhorn and Kennedy Ln in Texarkana, with a large pole sign positioned at the corner. Its combination of enclosed rooms and open retail area supports a range of office, studio, and storefront configurations without relying on a single existing layout.
The property occupies the corner of Cowhorn and Kennedy Ln in Texarkana, with a large pole sign positioned at the corner. Its combination of enclosed rooms and open retail area supports a range of office, studio, and storefront configurations without relying on a single existing layout.
Key Highlights
- Metal‑frame construction with brick veneer front
- 8 plus offices, practice rooms, open retail area, and 2 baths
- Zoned F 1
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,236
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,720
$764.7K
Cap Rate 7%
$546,229
$546.2K
Cap Rate 9%
$424,844
$424.8K
Market Conditions
NOI Build-Up for 7,425 SF
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.
Gross rent
$59.7K $8.04/SF
− Vacancy
−$5.1K −$0.68/SF
EGI
$54.6K $7.36/SF
− OpEx
−$16.4K −$2.21/SF
NOI
$38.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,720
Cap Rate 7%
$546,229
Cap Rate 9%
$424,844
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,198 @ 7.0% cap · market cap 13.80%
Second Best
Retail
$1.76M
$1.54M – $2.05M
NOI $123,243 @ 7.0% cap · market cap 13.69%
Theoretical Best
Hotel Hospitality
$5.59M
$4.89M – $6.52M
NOI $391,483 @ 7.0% cap · market cap 43.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs Kennedy Lane — 3213 Kennedy Ln, Texarkana, TX 75503
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Frequently Asked Questions
What type of property is this?
Flex space - Metal-frame building includes offices, practice rooms, retail area, and two baths.
Where is this flex space located?
The property is located at 3033 Kennedy Lane Texarkana, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Metal‑frame construction with brick veneer front; 8 plus offices, practice rooms, open retail area, and 2 baths; Zoned F 1
