Automotive Service Facility with No
For Sale
$1,200,000
3408 St Michael Dr, Texarkana, TX 75503
COMMERCIAL - Texarkana, TX
Property Size4,500 SF
Lot Size0.63 Acres
Price / SF$266.67
Days on Market111
Property Features for 3408 St Michael Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
20
Subdivision
Sparkwood North 2nd
Directions
St Michael Drive West towards Richmond Rd, property on the right.
Standard status
Active
Size
4,500 SF
Lot size
0.63 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Rip England Premier Realty LLC
(903) 628-1234
Listed By:
Rip England · License #0568738
(903) 277-2121
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 17 at 1:06AM
MLS# 101456
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.
This automotive service facility is set up for a turn-key maintenance operation and/or automotive facility use, with an emphasis on a straightforward layout since the property has no pits. The listing notes that pricing includes all equipment. The building features metal siding and a metal roof, with concrete and tile flooring throughout. Heating is provided by natural gas central systems, and cooling is electric central air.
The property sits on a 0.63-acre lot and includes a 4,500 SF building. Utilities include public water and public sewer, supporting a wide range of service-type businesses and conversions that fit the “no pits” configuration.
Address: 3408 St Michael Dr, Texarkana, TX 75503, Bowie County.
The property sits on a 0.63-acre lot and includes a 4,500 SF building. Utilities include public water and public sewer, supporting a wide range of service-type businesses and conversions that fit the “no pits” configuration.
Address: 3408 St Michael Dr, Texarkana, TX 75503, Bowie County.
Key Highlights
- 0.63‑acre lot with a 4,500 SF automotive service building
- Property has NO PITS, supporting maintenance and service‑type setups
- Turn‑key maintenance operation/automotive facility configuration
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
$74,693
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
6.22%
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%
$1,493,860
$1.5M
Cap Rate 7%
$1,067,043
$1.1M
Cap Rate 9%
$829,922
$829.9K
Market Conditions
NOI Build-Up for 4,500 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
$112.3K $24.96/SF
− Vacancy
−$5.6K −$1.25/SF
EGI
$106.7K $23.71/SF
− OpEx
−$32.0K −$7.11/SF
NOI
$74.7K $16.60/SF
Area
Bowie County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$1,493,860
Cap Rate 7%
$1,067,043
Cap Rate 9%
$829,922
Alternative Uses
Best Use
Retail
$1.07M
$933.7K – $1.24M
NOI $74,693 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$331.0K
$289.7K – $386.2K
NOI $23,173 @ 7.0% cap · market cap 1.93%
Theoretical Best
Hotel Hospitality
$3.39M
$2.97M – $3.95M
NOI $237,263 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Metal-sided automotive facility designed for maintenance operations with public water and sewer and no pits.
Where is this auto shop located?
The property is located at 3408 St Michael Dr Texarkana, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 0.63‑acre lot with a 4,500 SF automotive service building; Property has NO PITS, supporting maintenance and service‑type setups; Turn‑key maintenance operation/automotive facility configuration
