Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3113 Richmond Rd Texarkana, TX 75503

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 2.55-acre commercial lot, high visibility.

    Property Features for 3113 Richmond Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    111,078 SF

    Building Details

    Buildings
    1

    We can help!

    Listing Contact
    Adam Dukelow, Ccim
    Adam Dukelow, Ccim

    Listing Agency: Scout Property Group Listing Agent: Adam Dukelow, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2.55-acre commercial property, located at 3113 Richmond Rd in Texarkana, Texas, presents a remarkable investment opportunity. Zoned for general retail, this land boasts a prime location along the Richmond Rd retail corridor, ensuring high visibility and accessibility. The property features excellent road frontage and benefits from a substantial daily traffic volume of 19,764 vehicles. Its strategic position offers easy access to major thoroughfares, including Interstate 30 (less than one mile away), and a thriving customer base in the Texarkana area. The site's previous use as a banking location further underscores its high-traffic potential. This corner lot is surrounded by established retail businesses, including Kohl's, Target, and Boot Barn, creating a synergistic environment for commercial or mixed-use development. The property includes one existing building suitable for executive office use. The asking price is $2,645,000. This is an ideal location for businesses seeking high visibility and convenient access to a robust consumer market. The 75503 zip code ensures a strong local presence within a well-established commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Postal Service ATM (Bancorp South) Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.0948938
    Latitude
    33.4640869

    Nearby Similar for Sale

    • $850,000
      Pending

      Texarkana Commercial Property For Sale

      Retail and office property with value-add opportunity in Texarkana, TX.
      3601 N State Line Ave, Texarkana, TX 75503
      View Details
    • $875,000
      7,500 SF

      Texarkana Office/Medical Office Opportunity

      Two-story office building near Christus Health, ideal for medical use.
      921 Texas Blvd, Texarkana, TX 75501
      View Details
    • $550,000
      4,503 SF

      Texarkana Law Office Building

      Custom-built office with 10+ offices, perfect for professional practices.
      3512 Texas Blvd, Texarkana, TX 75503
      View Details
    • New
      $500,000
      1.93 Acres

      Prime Location Near A&M University

      Excellent location for various businesses near A&M University.
      6224 Richmond Rd, Texarkana, TX 75503
      View Details
    • $100,000
      920 SF

      Texarkana Commercial Building on Summerhill

      Commercial building on Summerhill Rd, suitable for various retail businesses.
      3100 Summerhill Rd, Texarkana, TX 75503
      View Details
    • $148,900
      3,761 SF

      Vacant Office Building in Texarkana

      Vacant office building with 12 rooms, suitable for build-out.
      803 Pine St, Texarkana, TX 75503
      View Details
    • $359,900
      3,418 SF

      Remodeled Office Building on Texas Blvd

      Fully remodeled office building with modern amenities and ample parking.
      4609 Texas Blvd, Texarkana, TX 75503
      View Details
    • $198,250
      6,365 SF

      Equipped Church Building on Corner

      Fully equipped church with expansion potential on a corner lot.
      802 Pierre St, Texarkana, TX 75501
      View Details
    • $175,000
      4,550 SF

      Downtown Texarkana Commercial Building

      Commercial building with 4,550 sqft in downtown Texarkana.
      218 Main St, Texarkana, TX 75503
      View Details
    • $549,900
      0.23 Acres

      Remodeled Texarkana Office Building

      Remodeled office building with lease income and expansion potential.
      4102 Richmond Mdws, Texarkana, TX 75503
      View Details
    • New
      $399,900
      4,212 SF

      Historic Mixed-Use Building, Texarkana

      Updated historic building with showroom, office, shop, and residential space.
      102 W 7Th St, Texarkana, TX 75501
      View Details
    • $385,500
      5,136 SF

      Texarkana Multifamily Investment Opportunity

      Multifamily property featuring eight units in Texarkana, Texas.
      1301 Pine St, Texarkana, TX 75501
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime 2.55-acre commercial lot, high visibility.
    Where is this office property / space located?
    The property is located at 3113 Richmond Rd Texarkana, TX.
    What is the asking price?
    The asking price for this property is $2,645,000.
    What are key features of this property?
    This property features: High-traffic retail location near Kohl's, Target, and Boot Barn.; Less than one mile from I-30, experiencing 19,764 vehicles per day (VPD).; Corner lot with excellent visibility and high traffic counts.
    (903) 223-8000 Call to check price and availability
    Request Owner's contact information
    3113 Richmond Rd Texarkana, TX 75503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3113 Richmond Rd
    Texarkana, TX 75503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3113 Richmond Rd Texarkana, TX 75503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Dukelow, Ccim
    Adam Dukelow, Ccim
    Real Estate License ID: 665019
    (903) 223-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.