Two-Building Quadplex
New
For Sale
$1,800,000
3204 Robin Lane, Texarkana, TX 75503
Eight townhome residences feature private garages, with a mix of furnished and unfurnished units.
Property Size11,184 SF
Lot Size1.67 Acres
Price / SF$160.94
Days on Market2
Property Features for 3204 Robin Lane
General Information
Standard status
Active
Size
11,184 SF
Lot size
1.67 Acres
Property subtype
Multifamily
Zoning
TH Zoning PD-21-3
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Additional Details
Asking Price
$1,800,000
Amenities
wood flooring
walk-in closets
large kitchens
open living areas
private garages
Building Details
Building Size
11,184 SF
Year Built
2023
Buildings
2
Construction
townhome
Listed By:
Steven Harvey · License #TX #617762
(903) 793-2666
Source:
Naiglobal
Added: Sep 24
Last Checked: Sep 24 at 2:24PM
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 Steven Harvey
Investment Insights
Based on property information with market context.
Completed in 2023, this residential portfolio comprises two buildings with four three-bedroom, two-bathroom residences in each. The eight homes provide approximately 1,398 square feet apiece, with wood floors, walk-in closets, large kitchens, open living areas, and private garages. Three residences are furnished and five are unfurnished. The property totals approximately 11,184 square feet on about 1.67 acres and carries TH zoning and PD-21-3 designation.
The Robin Lane address is near Richmond Road, Galleria Oaks Drive, Moores Lane, and Summerhill Road. Nearby services and retail include Walmart Neighborhood Market, Ironwood Grill, Amigo Juan, Dot's Ace Hardware, and Dollar General.
The Robin Lane address is near Richmond Road, Galleria Oaks Drive, Moores Lane, and Summerhill Road. Nearby services and retail include Walmart Neighborhood Market, Ironwood Grill, Amigo Juan, Dot's Ace Hardware, and Dollar General.
Key Highlights
- Two buildings with four residences each; eight units total
- Each residence has 3 bedrooms, 2 bathrooms, and approximately 1,398 square feet
- ±11,184 SF total across the portfolio
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
$80,904
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
4.49%
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%
$1,618,080
$1.6M
Cap Rate 7%
$1,155,771
$1.2M
Cap Rate 9%
$898,933
$898.9K
Market Conditions
NOI Build-Up for 11,184 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
$124.8K $11.16/SF
− Vacancy
−$9.2K −$0.83/SF
EGI
$115.6K $10.33/SF
− OpEx
−$34.7K −$3.10/SF
NOI
$80.9K $7.23/SF
Area
Bowie County, TX
Vacancy
7.40%
Lease Rate
$11.16 /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%
$1,618,080
Cap Rate 7%
$1,155,771
Cap Rate 9%
$898,933
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,904 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$955.8K
$836.3K – $1.12M
NOI $66,905 @ 7.0% cap · market cap 3.72%
Theoretical Best
Hotel Hospitality
$8.42M
$7.37M – $9.83M
NOI $589,676 @ 7.0% cap · market cap 32.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Eight townhome residences feature private garages, with a mix of furnished and unfurnished units.
Where is this quadplex located?
The property is located at 3204 Robin Lane Texarkana, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two buildings with four residences each; eight units total; Each residence has 3 bedrooms, 2 bathrooms, and approximately 1,398 square feet; ±11,184 SF total across the portfolio
