Turn Key Texarkana
For Sale
Contact for pricing
806 W 32nd St, Texarkana, TX 75503
100% occupied 6-plex near park, IH30, and amenities.
Property Size5,688 SF
Price / SF$153.83
Days on Market204
Property Features for 806 W 32nd St
General Information
Standard status
Active
Size
5,688 SF
Total Parking Spaces
13
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
2020
Buildings
1
Units
6
Listing Agency:
TX Land & Legacy
(601) 955-6881
Listed By:
Bryson Swiggart · License #0634498
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 17 at 9:34AM
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 TX Land & Legacy
Investment Insights
Based on property information with market context.
This is a 100% occupied 6-plex located in Texarkana. The property is situated directly across the street from a public park in a neighborhood with multiple businesses. The units are always easy to lease and typically leased within a few weeks when a vacancy comes up. Each unit features 2 bedrooms and 2.5 bathrooms. There is ample parking available for tenants and guests. The property is located 5 minutes from IH30 and a few minutes from a grocery store and multiple restaurants. The property size is 5688 square feet.
Key Highlights
- 100% Occupied & Turn‑Key: Provides immediate cash flow.
- High Occupancy Rate: Units are easy to lease.
- All Units 2 Bed/2.5 Bath: Attractive unit 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
$34,027
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
3.89%
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%
$680,540
$680.5K
Cap Rate 7%
$486,100
$486.1K
Cap Rate 9%
$378,078
$378.1K
Market Conditions
NOI Build-Up for 5,688 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
$70.3K $12.36/SF
− Vacancy
−$8.4K −$1.48/SF
EGI
$61.9K $10.88/SF
− OpEx
−$27.8K −$4.89/SF
NOI
$34.0K $5.98/SF
Area
Bowie County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
45.00%
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%
$680,540
Cap Rate 7%
$486,100
Cap Rate 9%
$378,078
Alternative Uses
Best Use
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,027 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.28M
$3.75M – $5.00M
NOI $299,900 @ 7.0% cap · market cap 34.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 100% occupied 6-plex near park, IH30, and amenities.
Where is this apartment building located?
The property is located at 806 W 32nd St Texarkana, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 100% Occupied & Turn‑Key: Provides immediate cash flow.; High Occupancy Rate: Units are easy to lease.; All Units 2 Bed/2.5 Bath: Attractive unit configuration.
