Net-Leased Automotive Services
For Sale
Contact for pricing
3327 & 3407 S Lake Dr, Texarkana, TX 75501
Dual-tenant net-leased automotive facility featuring a collision center and towing & recovery operations.
Property Size24,550 SF
Price / SF$120.16
Days on Market175
Property Features for 3327 & 3407 S Lake Dr
General Information
Standard status
Active
Size
24,550 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$226,200
Building Details
Tenancy
Multi
Listing Agency:
Sands Investment Group
Listed By:
Gary Berwick · License #NC 312724
(980) 729-5648
Source:
Crexi
Added: Mar 17
Changed: Aug 25
Last Checked: Sep 4 at 4:31AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to exclusively offer for sale a dual-tenant, net-leased automotive services property totaling 24,550 SF. The offering includes Joe Hudson’s Collision Center and Baker’s Towing & Recovery, with both tenants operating within the subject facilities.
The property is located at 3327 & 3407 S Lake Drive in Texarkana, Texas. The remarks describe the asset as anchored by Joe Hudson’s Collision Center, a national operator recently acquired by The Boyd Group Services Inc., and note minimal landlord responsibilities and stable in-place income across both tenants.
This configuration provides a combined automotive services platform under a net-leased structure with two in-place operators.
The property is located at 3327 & 3407 S Lake Drive in Texarkana, Texas. The remarks describe the asset as anchored by Joe Hudson’s Collision Center, a national operator recently acquired by The Boyd Group Services Inc., and note minimal landlord responsibilities and stable in-place income across both tenants.
This configuration provides a combined automotive services platform under a net-leased structure with two in-place operators.
Key Highlights
- 24,550 SF dual‑tenant net‑leased automotive facility in Texarkana, TX
- Tenants include Joe Hudson’s Collision Center and Baker’s Towing & Recovery
- Property located at 3327 & 3407 S Lake Drive, Texarkana, TX
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
$126,423
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
4.29%
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%
$2,528,460
$2.5M
Cap Rate 7%
$1,806,043
$1.8M
Cap Rate 9%
$1,404,700
$1.4M
Market Conditions
NOI Build-Up for 24,550 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
$197.4K $8.04/SF
− Vacancy
−$16.8K −$0.68/SF
EGI
$180.6K $7.36/SF
− OpEx
−$54.2K −$2.21/SF
NOI
$126.4K $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 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%
$2,528,460
Cap Rate 7%
$1,806,043
Cap Rate 9%
$1,404,700
Alternative Uses
Best Use
Retail
$5.82M
$5.09M – $6.79M
NOI $407,491 @ 7.0% cap · market cap 13.81%
Second Best
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,423 @ 7.0% cap · market cap 4.29%
Theoretical Best
Hotel Hospitality
$18.49M
$16.18M – $21.57M
NOI $1,294,399 @ 7.0% cap · market cap 43.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- B Truck & Trailer Parts — 3811 S Lake Dr, Texarkana, TX 75501
- Forza Auto Repair European Auto Repair Specialist — 3501 S Lake Dr, Texarkana, TX 75501
- Body Shop — Flower Acre Rd, Texarkana, TX 75501
- Baker's Towing & Recovery - Texarkana — 3407 S Lake Dr, Texarkana, TX 75501
- Hadaway Collision — 3327 s lake dr, texarkana, tx 75501
Frequently Asked Questions
What type of property is this?
Auto shop - Dual-tenant net-leased automotive facility featuring a collision center and towing & recovery operations.
Where is this auto shop located?
The property is located at 3327 & 3407 S Lake Dr Texarkana, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 24,550 SF dual‑tenant net‑leased automotive facility in Texarkana, TX; Tenants include Joe Hudson’s Collision Center and Baker’s Towing & Recovery; Property located at 3327 & 3407 S Lake Drive, Texarkana, TX
