Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    5035 Park Blvd Texarkana, TX 75503

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,900 sq ft single-tenant office in West Park Plaza

    Lot size:
    4,900 SF

    Property Features for 5035 Park Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,900 SF

    Spaces For Lease

    at 5035 Park Blvd, Texarkana, TX 75503 Contact us
    Unit

    $18 /Mo

    Size
    4,900 SF
    Contact us

    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

    Overview

    This exceptional 4,900 square foot medical office space, situated at 5035 West Park Blvd in Texarkana, Texas, 75503, presents a remarkable opportunity. Located within the vibrant West Park Plaza, this single-tenant property boasts high visibility and accessibility in Texarkana's thriving business district. The space is ideal for a variety of medical practices or other office uses, offering customizable floor plans to accommodate specific business needs. The property benefits from its strategic location adjacent to a rapidly expanding retail and medical park, ensuring significant foot traffic and a strong potential client base. This growth is further underscored by substantial recent developments in the immediate vicinity, including a $227 million hospital, a $17 million emergency room, a 122-room Hyatt Studios Hotel, and a 60,000 square foot medical rehabilitation center. These developments solidify the area's position as a key healthcare and commercial hub, making this property an exceptional investment for long-term growth and success. Multiple leasing options are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -94.103940138917
    Latitude
    33.452509400006

    Nearby Similar for Lease

    • $2,500 /Mo
      2,800 SF

      Texarkana Office/Warehouse Space Available

      Office and warehouse space for lease in Texarkana, TX.
      7000 W 7Th St, Texarkana, TX 75501
      View Details
    • $861 /Mo
      1,722 SF

      Texarkana Retail or Office Space

      Retail or office space available for rent in Texarkana.
      3905 New Boston Rd, Texarkana, TX 75503
      View Details
    • $2,033 /Mo
      4,066 SF

      Texarkana Retail or Office Space

      Located across from Walmart, ideal for retail or office use.
      3905 New Boston Rd, Texarkana, TX 75503
      View Details
    • $1,518 /Mo
      3,035 SF

      Texarkana Retail or Office Space

      Retail or office space available for rent near Walmart.
      3905 New Boston Rd, Texarkana, TX 75503
      View Details
    • $10 SF/Yr
      16,728 SF

      Texarkana Office Space for Lease

      State-of-the-art office space available near the Arkansas Stateline.
      4800 Texas Blvd, Texarkana, TX 75503
      View Details
    • $72,000
      4,750 SF

      Texarkana Industrial Property - 4750 SF

      Prime Texarkana warehouse, ideal for distribution.
      8101 State Line Ave, Texarkana, TX 75503
      View Details
    • $6 SF/Yr
      13,013 SF

      Texarkana Warehouse: 13,013 SF

      Single-tenant industrial warehouse, excellent location.
      1020 Bowie St, Texarkana, TX 75501
      View Details
    • $5 SF/Yr
      32,000 SF

      Prime Bowie County Warehouse

      32,000 SF Warehouse, 5.7 Acres
      1100 Beaumont St, Texarkana, TX 75501
      View Details
    • $230 SF/Yr
      4,100 SF

      Galleria Oaks Office Space Available

      Prestigious Office, 4100 sq ft, All-Inclusive Lease
      1732 Galleria Oaks Dr, Texarkana, TX 75503
      View Details
    • $12 SF/Yr
      636 SF

      Prime Bowie County Office Space

      636 sq ft Single-Tenant Office in Texarkana
      4604 Summerhill Rd, Texarkana, TX 75503
      View Details
    • $6 SF/Yr
      15,516 SF

      Texarkana Warehouse: 15,516 SF

      Spacious warehouse, offices, showroom.
      1102 Bowie St, Texarkana, TX 75501
      View Details
    • $15 SF/Yr
      3,000 SF

      Upscale Texarkana Office Suites

      Prime Summerhill location, two 1500 sq ft suites.
      5604 Summerhill Rd, Texarkana, TX 75503
      View Details

    FAQs

    What type of property is this?
    Medical office - 4,900 sq ft single-tenant office in West Park Plaza
    Where is this medical office located?
    The property is located at 5035 Park Blvd Texarkana, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 4,900 SF medical office space in Texarkana, TX, at 5035 West Park Blvd.; High-visibility location in West Park Plaza, within Texarkana's thriving business district.; Customizable floor plan ideal for various medical practices or office uses.
    (903) 223-8000 Call to check price and availability
    Request Owner's contact information
    5035 Park Blvd 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.
    5035 Park Blvd
    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
    5035 Park Blvd 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.