Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Bowie Pkwy Hooks, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    400+/- acres of subdividable industrial land with multiple incentives.

    Type:LAND
    Lot size:
    400.00 Acres
    Added:
    Mar 18, 2024
    Days on Market:
    778
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for Bowie Pkwy

    General Information

    Standard status
    Active
    Lot size
    400.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Eric Voyles

    Listing agent Eric Voyles

    Listing office TexAmericas Center

    Listing date Mar 18, 2024

    Source Moodyscre

    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 TexAmericas Center

    Overview

    Industrial Land with Development Potential

    This property offers approximately 400 acres of subdividable land suitable for light and heavy industrial zoning. The site presents opportunities for purchase, build-to-suit, lease, or turn-key development. Potential for rail service exists. The location provides convenient access to transportation, with I-30 and US-82 both less than 5 miles away, and I-369 less than 10 miles away. Texarkana Regional Airport is within a 25-minute drive. Furthermore, the property is situated within 500 miles of 23 major MSAs. Utility infrastructure includes 345kv power, 130mcf of natural gas, 144-strand fiber, 1.7mgd water capacity, and 1.5mgd sewer capacity. The property benefits from its location within FTZ #258, a US Opportunity Zone, NMTC, and is eligible for PILOT, Freeport, and Texas Enterprise Zone incentives. 3PL, transload, and rail services are available.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Hooks
    County
    Bowie
    State
    Texas
    Longitude
    -94.2885
    Latitude
    33.4662

    Nearby Similar for Sale

    • $59,900
      240 SF

      Corner Lot with Drive-Through

      Versatile commercial building with high traffic and flexible use.
      102 E Ave G, Hooks, TX 75561
      View Details
    • $129,900
      900 SF

      Prime Corner Lot on Highway

      Corner lot with high visibility, ideal for business ventures.
      13510 New Boston Rd., Hooks, TX 75561
      View Details
    • $57,000
      1,925 SF

      Retail Store with Drive-Through

      Commercial property with drive-through window, suitable for various uses.
      112 Main St, Hooks, TX 75561
      View Details
    • $385,000
      1,440 SF

      Turnkey Tiny Home Investment Property

      Four tiny homes near Texarkana, TX, with high occupancy rates.
      880 Presley, Hooks, TX 75561
      View Details
    • $17,000

      Land For Sale, Hooks, TX

      Commercial land available in Hooks, Texas.
      704 E Ave E, Hooks, TX 75561
      View Details
    • $249,000
      7,892 SF

      Turnkey Church Property in Hooks

      Fully equipped church ready for immediate service in Hooks, TX.
      121 Roosevelt, Hooks, TX 75561
      View Details
    • $195,000

      Commercial Land I-30 Frontage

      1.79-acre commercial tract with high visibility and access.
      SPUR 86 & I30, Hooks, TX 75560
      View Details
    • $185,000

      26 Acres Wooded Land, Hooks TX

      26 acres of wooded land with homesite near Texarkana.
      7436 FM 1398, Hooks, TX 75561
      View Details
    • $2,500,000

      55 Acres Prime Development Land

      55 acres of land ready to be developed.
      Tbd Frontage I-30 Highway, Hooks, TX 75561
      View Details
    • $2,500,000

      Prime Land on I-30

      55 acres of land ready to be developed.
      Tbd I-30 Frontage, Hooks, TX 75561
      View Details
    • $69,900

      Land with Mature Trees

      6.314 acres of land with mature trees.
      Tbd FM 560, Hooks, TX 75561
      View Details
    • $239,900

      31 Acres of Land, Hooks

      31 acres suitable for development, recreation, or homesites.
      31 +/- ac CR 2108, Hooks, TX 75561
      View Details

    FAQs

    What type of property is this?
    Industrial land - 400+/- acres of subdividable industrial land with multiple incentives.
    Where is this industrial land located?
    The property is located at Bowie Pkwy Hooks, TX.
    What are key features of this property?
    This property features: Prime Location: Easy access to I‑30, US‑82, and I‑369.; Sub‑dividable 400 +/- Acres with Light and Heavy Industrial Zoning.; Potential for Rail Service.
    (903) 306-8923 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Voyles
    Learn More
    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

    Bowie Pkwy, Hooks, TX

    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!