Restaurant Building with I-30
New
For Sale
$1,750,000
3402 St Michael Dr, Texarkana, TX 75503
COMMERCIAL - Texarkana, TX
Property Size6,200 SF
Lot Size1.27 Acres
Price / SF$282.26
Days on Market7
Property Features for 3402 St Michael Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Restaurant
Subdivision
Richill
Directions
3402 St Michael Dr
Standard status
Active
Size
6,200 SF
Lot size
1.27 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
Texarkana Legacy Group
(870) 779-8000
Listed By:
Dan Butler · License #SA00051422
(870) 779-8000
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 4:06PM
MLS# 108358
Copyright © 2026 Texarkana Board of Realtors. 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.
Restaurant building located on a frontage road with I-30 visibility. The property is constructed of brick and features concrete flooring. Heating is central, and cooling is electric central air. Public water and public sewer service are available.
The site totals 1.266 acres and includes a 6,200-square-foot building. A new roof has been installed. This property is positioned for restaurant use and is described as being available under an NNN lease structure.
With its drive-up frontage-road setting and existing restaurant configuration, the building can serve as a foundation for a dining concept that benefits from pass-by exposure.
The site totals 1.266 acres and includes a 6,200-square-foot building. A new roof has been installed. This property is positioned for restaurant use and is described as being available under an NNN lease structure.
With its drive-up frontage-road setting and existing restaurant configuration, the building can serve as a foundation for a dining concept that benefits from pass-by exposure.
Key Highlights
- I‑30 visibility from a frontage road
- 1.266‑acre site
- 6,200‑square‑foot restaurant building
Financial Insights For Specialty Retail
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 | $154.8k | $24.96 |
| − Vacancy | −$7.7k | −$1.25 |
| EGI | $147.0k | $23.71 |
| − OpEx | −$36.8k | −$5.93 |
| NOI | $110.3k | $17.78 |
6,200 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,261 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.67M
$4.09M – $5.45M
NOI $326,895 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Under-served
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building on a frontage road with I-30 visibility, recently re-roofed, brick construction, and public water and sewer.
Where is this conventional restaurant located?
The property is located at 3402 St Michael Dr Texarkana, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: I‑30 visibility from a frontage road; 1.266‑acre site; 6,200‑square‑foot restaurant building
