Medical Office Building with Available
For Sale
$2,300,000
4622 MCKNIGHT RD, Texarkana, TX 75503
Commercial Sale, Texarkana, TX
Property Size7,747 SF
Lot Size1.00 Acre
Price / SF$296.89
Days on Market88
Property Features for 4622 MCKNIGHT RD
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 1
Subdivision
GEORGE BRINLEE
Directions
RICHMOND RD TO MCKNIGHT RIGHT ON MCKNIGHT PROPERTY ON RIGHT
Standard status
Active
Size
7,747 SF
Lot size
1.00 Acre
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Brick
Listing Agency:
Doris Morris
(903) 244-2981
Listed By:
Doris Morris · License #AR PB00044074 TX 4136054
(903) 748-4613
Added: Jul 12
Changed: Sep 16
Last Checked: Oct 7 at 8:06PM
MLS# 202074
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 7,747-square-foot medical office building is occupied by a dental practice and includes additional rear office space measuring 3,000 square feet. The property sits on 1 acre and was constructed in 1979 with brick exterior construction and ceramic tile flooring. Central electric heating and central air conditioning serve the building, which also has six bathrooms and public sewer service.
Located at 4622 McKnight Road in Texarkana’s Pleasant Grove area, the property combines an established medical-office setting with separately identified rear offices. The existing configuration and available space provide a commercial building with both current occupancy and additional interior area.
Located at 4622 McKnight Road in Texarkana’s Pleasant Grove area, the property combines an established medical-office setting with separately identified rear offices. The existing configuration and available space provide a commercial building with both current occupancy and additional interior area.
Key Highlights
- 7,747‑square‑foot medical office building on 1 acre
- 3,000 square feet of rear office space available
- Currently occupied by a dental office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,584
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,680
$2.6M
Cap Rate 7%
$1,851,200
$1.9M
Cap Rate 9%
$1,439,822
$1.4M
Market Conditions
NOI Build-Up for 7,747 SF
Gross rent
$238.0K $30.72/SF
− Vacancy
−$65.2K −$8.42/SF
EGI
$172.8K $22.30/SF
− OpEx
−$43.2K −$5.58/SF
NOI
$129.6K $16.73/SF
Area
Bowie County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,680
Cap Rate 7%
$1,851,200
Cap Rate 9%
$1,439,822
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,584 @ 7.0% cap · market cap 5.63%
Second Best
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,097 @ 7.0% cap · market cap 4.44%
Theoretical Best
Hotel Hospitality
$5.84M
$5.11M – $6.81M
NOI $408,461 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
696
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
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Pleasant Grove Animal Hospital — 4307 McKnight Rd, Texarkana, TX 75503
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical facility with existing dental occupancy and additional rear offices.
Where is this medical office space located?
The property is located at 4622 MCKNIGHT RD Texarkana, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7,747‑square‑foot medical office building on 1 acre; 3,000 square feet of rear office space available; Currently occupied by a dental office
