Automotive Service Property with
802 Texas Blvd Texarkana, TX 75501
802 Texas Blvd, Texarkana, TX, 75501
$225,000
For Sale
$225,000
Corner commercial property includes heated office/showroom space and three mechanic bays with roll-up doors.
Property Size1,176 SF
Lot Size0.52 Acres
Price / SF$191.33
Days on Market43
Property Features for 802 Texas Blvd
General Information
- Standard status
- Active
- Size
- 1,176 SF
- Lot size
- 0.52 Acres
Listing agency
Griffin Realtors
(903) 277-6665
Listed by
Mark Wurtele
(903) 277-6665
Source
Exprealty
Added: Jun 9 Updated: Jul 21 at 6:10AM Checked: Jul 21 at 6:10AM
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 Griffin Realtors
Investment Insights
Based on property information with market context.
This corner commercial property is set up for automotive and service-oriented operations, with approximately 1,176 square feet of heated office/showroom space. The office area includes three private offices, a reception area, and one restroom. An automotive component is built in with three mechanic bays, each equipped with a roll-up door.
The site sits on a 0.52-acre lot and is located at the highly visible northeast corner of Texas Blvd. and Martin Luther King Jr. Blvd., providing strong daily traffic exposure. A new 6-foot chain-link fence with gated rear access has been added across the rear of the building to support added security and storage flexibility.
Previously operated as a car lot, the property offers a flexible layout for automotive sales, repair services, or other commercial uses that benefit from both office space and service bays.
The site sits on a 0.52-acre lot and is located at the highly visible northeast corner of Texas Blvd. and Martin Luther King Jr. Blvd., providing strong daily traffic exposure. A new 6-foot chain-link fence with gated rear access has been added across the rear of the building to support added security and storage flexibility.
Previously operated as a car lot, the property offers a flexible layout for automotive sales, repair services, or other commercial uses that benefit from both office space and service bays.
Key Highlights
- Northeast corner commercial property at Texas Blvd. and Martin Luther King Jr. Blvd.
- 1,176 SF heated office/showroom space with three private offices, reception area, and one restroom.
- 3 mechanic bays with roll‑up doors for automotive, equipment, or service‑related operations.
Local Financial Insights For Office B
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 | $36.1k | $30.72 |
| − Vacancy | −$9.9k | −$8.42 |
| EGI | $26.2k | $22.30 |
| − OpEx | −$6.6k | −$5.58 |
| NOI | $19.7k | $16.73 |
1,176 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$281.0K
$245.9K – $327.9K
NOI $19,671 @ 7.0% cap · market cap 8.74%
Second Best
Retail
$278.9K
$244.0K – $325.3K
NOI $19,520 @ 7.0% cap · market cap 8.68%
Theoretical Best
Hotel Hospitality
$885.8K
$775.1K – $1.03M
NOI $62,005 @ 7.0% cap · market cap 27.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Christian Construction Company
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Texarkana Motors — 402 N Lake Dr, Texarkana, TX 75501
- Magneto Automotive — 220 spruce st, texarkana, tx 75501
- Magneto Ignition & Supply Co. — 220 Spruce St, Texarkana, TX 75501
- Wilson — 405 S Lake Dr, Texarkana, TX 75501
- Martinez Tires & Auto Repair — Texarkana, TX 75501
FAQs
What type of property is this?
Auto shop - Corner commercial property includes heated office/showroom space and three mechanic bays with roll-up doors.
Where is this auto shop located?
The property is located at 802 Texas Blvd Texarkana, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Northeast corner commercial property at Texas Blvd. and Martin Luther King Jr. Blvd.; 1,176 SF heated office/showroom space with three private offices, reception area, and one restroom.; 3 mechanic bays with roll‑up doors for automotive, equipment, or service‑related operations.
