Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space Available for Rent Title is generated by Realmo AI

    923 Hickory St, Texarkana, AR 71854

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office units available for rent in Texarkana, Arkansas.

    Type:Office
    Added:
    Oct 24, 2020
    Days on Market:
    2049
    Last Refresh:
    May 12 at 9:40 pm

    Property Features for 923 Hickory St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 923 Hickory St Contact us

    915 Hickory $1.00/Mo

    Size
    900 SF
    Type
    Office
    Contact us

    919-A Hickory $1.00/Mo

    Size
    745 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Steven Harvey

    Listing agent Steven Harvey License #PB00075545

    Listing office NAI American Realty

    Listing date Oct 24, 2020

    Source Crexi

    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 NAI American Realty

    HighLights

    • Measurements are for the inside of the building.

    Overview

    Office units are available for rent. The provided layout pictures show measurements strictly for the inside of the building. The property is located on Hickory St in Texarkana, Arkansas.
    Property Profile Location Intelligence

    Current Use by Public Records

    CLB Engineers Civil Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.036361
    Latitude
    33.432315

    Nearby Similar for Lease

    • $1,500/Mo
      4,961 SF

      Texarkana Commercial Space For Rent

      Two vacant spaces available, ideal for restaurant or retail.
      934-936 N State Line, Texarkana, AR 71854
      View Details
    • $1,000/Mo
      3,000 SF

      Texarkana Retail Spaces For Lease

      Two 1,500 sqft retail spaces available in high-traffic area.
      934-936 N State Line Ave, Texarkana, AR 71854
      View Details
    • $3,250/Mo
      2,310 SF

      Texarkana Office Space Available

      Office space for lease or sale in Texarkana, Arkansas.
      702 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • $2,500/Mo
      5,072 SF

      Downtown Texarkana Office Building

      Office building for lease in downtown Texarkana, Arkansas.
      409 Hazel, Texarkana, AR 71854
      View Details
    • $4,194/Mo
      2,142 SF

      Retail Space in Texarkana Plaza

      End-cap retail space with strong co-tenancy in Texarkana, AR.
      131 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Walmart

      Retail space with high visibility and easy access.
      131 Arkansas Blvd | Texarkana, AR 71854
      View Details
    • Contact for pricing
      750 SF

      Retail Space on State Line

      End-cap retail suite in high-traffic Texarkana location.
      3240 North State Line Avenue | Texarkana, AR 71854
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease.
      2415 Arkansas Blvd | Texarkana, AR 71854
      View Details
    • $7 SF/Yr
      5,420 SF

      Warehouse/Office Space Near Interstate

      5,420 SF warehouse/office space with excellent interstate access.
      3201 E 50th St, Texarkana, AR 71854
      View Details
    • $5 SF/Yr
      18,000 SF

      Texarkana Retail Space Available

      Prime retail space in busy College Hill Shopping Center.
      720 East St, Texarkana, AR 71854
      View Details
    • $12 SF/Yr

      Highly Visible Strip Center

      Strip center with high visibility on I-30 service road.
      2203 Trinity Blvd, Texarkana, AR 71854
      View Details
    • $12 SF/Yr
      12,000 SF

      Retail Space Available For Lease

      12,000 SF retail space with offices and full kitchen.
      720 Realtor Ave, Texarkana, AR 71854
      View Details

    FAQs

    What type of property is this?
    Office units - Office units available for rent in Texarkana, Arkansas.
    Where is this office units located?
    The property is located at 923 Hickory St Texarkana, AR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Measurements are for the inside of the building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Harvey
    Real Estate License ID: PB00075545
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    923 Hickory St, Texarkana, AR 71854
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!