Automotive Flex Shop with
For Sale
$475,000
6466 S Hwy 59, Texarkana, TX 75501
3,800 sq ft commercial facility on 2.67 acres with office, paint booth, loft, and multiple covered sheds along Hwy 59 South.
Property Size3,800 SF
Lot Size2.67 Acres
Price / SF$125
Days on Market177
Property Features for 6466 S Hwy 59
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
10
Lot size
2.67 Acres
Property subtype
Commercial
Additional Details
Traffic Count
6,500 vehicles/day
Building Details
Building Size
3,800 SF
Year Built
2026
Stories
1
Units
1
Listing Agency:
Whitetail Properties
(903) 748-6194
Listed By:
Hunter Smith · License #716391
(903) 748-6194
Source:
Hairerealty
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 22 at 12:37PM
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 Whitetail Properties
Investment Insights
Based on property information with market context.
This 3,800 sq ft commercial facility is built for service, fabrication, and light industrial use, with a shop area and dedicated office space. Interior features include a break room and restroom, plus an interior paint booth that can be adapted for other business needs. Climate control is supported by a 5-ton HVAC unit for the shop and a 2.5-ton unit for the office. Spray foam insulation is installed to support energy efficiency and durability, and there is also an upstairs loft space currently utilized as a workout room.
The property is situated on 2.67 acres along Highway 59 South in Texarkana, providing strong visibility to daily traffic. Exterior improvements include a 60x24 equipment shed and a 12x80 covered shed connected off the main building, along with fully painted pipe fencing around the property. Parking and on-site storage are available for equipment, inventory, and day-to-day operations.
With its combination of shop space, office, and flexible interior features, this property can support a range of automotive and service-based operations, light industrial work, or a retail conversion where a functional workspace and outdoor storage area are required. The layout and accessory buildings also offer room to manage current operations while planning for future expansion. A single-site setup like this can be especially practical for businesses that need both production and customer-facing or administrative space.
The property is situated on 2.67 acres along Highway 59 South in Texarkana, providing strong visibility to daily traffic. Exterior improvements include a 60x24 equipment shed and a 12x80 covered shed connected off the main building, along with fully painted pipe fencing around the property. Parking and on-site storage are available for equipment, inventory, and day-to-day operations.
With its combination of shop space, office, and flexible interior features, this property can support a range of automotive and service-based operations, light industrial work, or a retail conversion where a functional workspace and outdoor storage area are required. The layout and accessory buildings also offer room to manage current operations while planning for future expansion. A single-site setup like this can be especially practical for businesses that need both production and customer-facing or administrative space.
Key Highlights
- 3,800 SF commercial facility on 2.67 acres on Hwy 59 South in Texarkana
- Approximately 6,500 vehicles per day pass by the property on Highway 59 South
- Includes office, break room, restroom, and an interior paint booth that can be converted to other uses
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
$19,569
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
4.12%
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%
$391,380
$391.4K
Cap Rate 7%
$279,557
$279.6K
Cap Rate 9%
$217,433
$217.4K
Market Conditions
NOI Build-Up for 3,800 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
$30.6K $8.04/SF
− Vacancy
−$2.6K −$0.68/SF
EGI
$28.0K $7.36/SF
− OpEx
−$8.4K −$2.21/SF
NOI
$19.6K $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%
$391,380
Cap Rate 7%
$279,557
Cap Rate 9%
$217,433
Alternative Uses
Best Use
Retail
$901.1K
$788.4K – $1.05M
NOI $63,074 @ 7.0% cap · market cap 13.28%
Second Best
Industrial
$279.6K
$244.6K – $326.2K
NOI $19,569 @ 7.0% cap · market cap 4.12%
Theoretical Best
Hotel Hospitality
$2.86M
$2.50M – $3.34M
NOI $200,355 @ 7.0% cap · market cap 42.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
41
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - 3,800 sq ft commercial facility on 2.67 acres with office, paint booth, loft, and multiple covered sheds along Hwy 59 South.
Where is this auto shop located?
The property is located at 6466 S Hwy 59 Texarkana, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,800 SF commercial facility on 2.67 acres on Hwy 59 South in Texarkana; Approximately 6,500 vehicles per day pass by the property on Highway 59 South; Includes office, break room, restroom, and an interior paint booth that can be converted to other uses
