Flex Space Facility with Multiple
For Sale
$475,000
6466 S Hwy 59, Texarkana, TX 75501
COMMERCIAL - Texarkana, TX
Property Size3,800 SF
Lot Size2.67 Acres
Price / SF$125
Days on Market70
Property Features for 6466 S Hwy 59
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
10
Subdivision
Out of Area Texas
Directions
From Walmart on Summerhill Rd, head south on Hwy 59 S for 4.5 miles; property on right at 6466 Hwy 59 S."From Walmart on Summerhill Rd, head south on Hwy 59 S for 4.5 miles; property on right at 6466 Hwy 59 S.
Standard status
Active
Size
3,800 SF
Lot size
2.67 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
5-ton HVAC unit
2.5-ton HVAC unit
spray foam insulation
office space
break room
restroom
interior paint booth
upstairs loft space
60x24 equipment shed
12x80 covered shed
fully painted pipe fencing
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Whitetail Properties
(979) 204-6314
Listed By:
Hunter Smith · License #716391
(903) 748-6194
Added: Jun 5
Changed: Aug 4
Last Checked: Aug 13 at 12:06AM
MLS# 203334
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.
A flex space facility currently under construction, designed to support a shop-and-office operation with room for change. The main building includes dedicated office space, a break room, a restroom, and an interior paint booth that can be converted to multiple business uses. A 2nd-floor loft is currently used as a workout room. The property includes spray foam insulation, concrete flooring, and a metal roof with metal siding. Shop climate control is supported by a 5-ton HVAC unit, with a 2.5-ton unit servicing the office area.
The site is located on 2.67 acres along Highway 59 South in Texarkana, with approximately 6,500 vehicles per day passing by for visibility. Exterior improvements include a 60x24 equipment shed, a 12x80 covered shed off the main building, and fully painted pipe fencing surrounding the property. Parking, storage, and future expansion are supported by the open site layout, with septic tank service noted for sewer.
With its flexible interior layout and separate structures for equipment, the facility is positioned to accommodate a range of automotive, fabrication, service-based, light industrial, or retail conversion needs.
The site is located on 2.67 acres along Highway 59 South in Texarkana, with approximately 6,500 vehicles per day passing by for visibility. Exterior improvements include a 60x24 equipment shed, a 12x80 covered shed off the main building, and fully painted pipe fencing surrounding the property. Parking, storage, and future expansion are supported by the open site layout, with septic tank service noted for sewer.
With its flexible interior layout and separate structures for equipment, the facility is positioned to accommodate a range of automotive, fabrication, service-based, light industrial, or retail conversion needs.
Key Highlights
- 2.67‑acre site along Highway 59 South in Texarkana with approx 6,500 vehicles per day
- 3,800 SF flex space facility under construction (year built 2026)
- 5‑ton HVAC for the shop area and 2.5‑ton HVAC for the office space
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
Office B
$908.0K
$794.5K – $1.06M
NOI $63,563 @ 7.0% cap · market cap 13.38%
Second Best
Retail
$901.1K
$788.4K – $1.05M
NOI $63,074 @ 7.0% cap · market cap 13.28%
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
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex space with an office, shop, loft, spray foam insulation, and separate sheds for equipment storage.
Where is this flex space 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: 2.67‑acre site along Highway 59 South in Texarkana with approx 6,500 vehicles per day; 3,800 SF flex space facility under construction (year built 2026); 5‑ton HVAC for the shop area and 2.5‑ton HVAC for the office space
