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    100 Main St Texarkana, TX 75501

    Sponsored
    For Sale
    Contact for pricing

    Prime CBD location, 55,000-76,000 SF, vacant.

    Property size:
    55,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 10-story, 55,000 to 76,000 square foot traditional office building, located at 100 Main Street in Texarkana, Texas, presents a unique investment opportunity. Constructed in 1929 by renowned hotel architect Joseph J. Finger of Houston, this landmark building occupies an entire city block (Block 29, Lots 13-17) within the Central Business District, boasting a prominent location just 10 feet from the Arkansas state line. The property, historically significant as the first sold on Texarkana's original townsite, features a 29,000 square foot lot. Currently vacant, this Class C building offers significant potential for redevelopment or repositioning. Its strategic location and historical significance make it an attractive proposition for investors seeking a high-impact project in a thriving Texas city. The building's integration with the Bi-State Criminal Justice Center via a former 20-foot alley adds to its unique character and potential for adaptive reuse. This is a rare chance to acquire a piece of Texarkana's history and shape its future.

    Property Features for 100 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    55,000 SF
    Class
    C

    Building Details

    Year Built
    1929
    Buildings
    1
    Stories
    10

    We can help!

    Listing Contact
    Lloyd Thomas
    Lloyd Thomas

    Learn more

    Property Insight Report

    HighLights

    • 55,000 - 76,000 SF vacant Class C office building.
    • Located at 100 Main St, Texarkana, TX 75501 in the Central Business District.
    • Ten‑story building constructed in 1929 on a 29,000 SF lot.
    • For sale by owner.
    • Single building on a full city block.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sid Jones Co ... Fire Station Nwr Office Electrician EG&G Technical Services ... Civil Engineer AAR Defense Systems-Logistic Logistics

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.043678171942
    Latitude
    33.420338986119

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    FAQs

    What type of property is this?
    Office Property / Space - Prime CBD location, 55,000-76,000 SF, vacant.
    Where is this office property / space located?
    The property is located at 100 Main St Texarkana, TX.
    What are key features of this property?
    This property features: 55,000 - 76,000 SF vacant Class C office building.; Located at 100 Main St, Texarkana, TX 75501 in the Central Business District.; Ten-story building constructed in 1929 on a 29,000 SF lot.
    (254) 773-4901
    Request Owner's contact information
    100 Main St Texarkana, TX 75501
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    Texarkana, TX 75501
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    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
    100 Main St Texarkana, TX 75501
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    We can help!
    Listing Contact
    Lloyd Thomas
    Lloyd Thomas
    Real Estate License ID: TX 203913
    (254) 773-4901
    Learn more
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