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    923 Hickory St Texarkana, AR 71854

    Sponsored
    For Sale
    $325,000

    6,260 SF Office Building, Great Potential

    Property size:
    6,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 6,260 square foot Class C office building in Texarkana, Arkansas, is situated on a 0.407-acre lot and is currently 37% occupied. The property, located at 923 Hickory St, 71854, boasts excellent visibility from Hickory Street, US 82, and US 71, offering significant advantages for businesses. The building is divided into four separate suites, each featuring multiple individual offices, providing flexibility for various tenants. Recent renovations include new vinyl flooring, fresh paint, and remodeled bathrooms. The gross lease structure offers a straightforward approach to property management. The asking price is $325,000, representing a price per square foot of $51.92 and a land value of $15.30 per square foot. The property's strategic location near the developing downtown area, Arkansas High School, and various amenities such as Family Dollar, Jefferson Park, McDonald's, and a convenience store, enhances its appeal and potential for increased occupancy. A virtual 3D tour is available online. The seller is motivated, with the current listing price significantly below the recent tax appraisal. This presents a compelling investment opportunity with substantial income potential. The property is suitable for creative, medical, or traditional office uses.

    Property Features for 923 Hickory St

    General Information

    Property type
    Medical offices
    Square Feet
    6,260 SF
    Class
    C
    Lot Size
    17,729 SF

    HighLights

    • 6,260 SF Class C office building on a 0.407‑acre lot in Texarkana, AR.
    • Four separate suites, each with multiple offices, offering multi‑tenant flexibility.
    • High income potential.
    • Excellent investment opportunity; Motivated seller, priced $48,000 below recent tax appraisal.
    • Located at 923 Hickory St, Texarkana, AR 71854, with high visibility from major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    CLB Engineers Civil Engineer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.036385967893
    Latitude
    33.431599321495

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    FAQs

    What type of property is this?
    Medical office - 6,260 SF Office Building, Great Potential
    Where is this medical office located?
    The property is located at 923 Hickory St Texarkana, AR.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 6,260 SF Class C office building on a 0.407-acre lot in Texarkana, AR.; Four separate suites, each with multiple offices, offering multi-tenant flexibility.; High income potential.
    Request Owner's contact information
    923 Hickory St Texarkana, AR 71854
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    Texarkana, AR 71854
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    Realmo Value Estimation

    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.

    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.

    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
    923 Hickory St Texarkana, AR 71854
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