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    Brand New Multifamily Complex Title is generated by Realmo AI

    Lionel Avenue, Texarkana, TX 75503

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    For Sale
    $5,675,000

    MULTI_FAMILY - Texarkana, TX

    Property size:
    34,650 SF
    Lot size:
    2.40 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 13, 2026
    Days on Market:
    83
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for Lionel Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 3
    Parking
    66
    Parking features
    Driveway, Assigned
    Patio and Porch features
    Porch
    Interior features
    EatInKitchen, GraniteCounters, HighSpeedInternet, MultipleMasterSuites, OpenFloorplan, WalkInClosets
    Appliances
    Dryer, ElectricRange, Disposal, Microwave
    Standard status
    Active
    APN
    30180003300
    Size
    34,650 SF
    Lot size
    2.40 Acres

    Taxes and HOA fees

    Tax Description
    WRIGHTRIDGE ADDN LOTs 13, 14, 15
    Tax Annual Amount
    100000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    33
    Flooring type
    Laminate
    Building materials
    Brick, WoodSiding
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Bryson Swiggart

    Listing agent Bryson Swiggart License #0634498

    Listing office Tx Land & Legacy Realty, LLC Ennis, TX

    Listing date Mar 13, 2026

    MLS# 20861984 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Under construction; year built 2026 with first units delivered March 2026 and starting to lease
    • Walking distance to Texas A&M University–Texarkana (TAMUT)
    • Units are individually metered for water and electricity
    • Open floorplan with eat‑in kitchen, granite counters, and walk‑in closets
    • Central electric HVAC with central air, plus ceiling fans
    • Public water and public sewer; brick and wood siding construction; shingle/composition roof

    Overview

    This brand new multifamily complex is currently beginning to lease, with first units delivered in March 2026. Designed for long-term, low-maintenance ownership, the property offers a setup that can be oriented toward student housing or kept flexible for the general rental market. Each unit is individually metered for water and electricity, supporting straightforward utility management for operators.

    The complex is within walking distance to Texas A&M University–Texarkana and benefits from ongoing campus expansion. The university has experienced significant growth in recent years, including record enrollment and new academic partnerships, and has announced additional developments such as a new sport complex and a new Business, Engineering & Technology building scheduled to be complete in Spring 2026. Additional daily conveniences are also nearby, with shopping, restaurants, and healthcare located within about five minutes.

    For investors and operators, the combination of new construction, individual utility metering, and proximity to a growing campus creates a practical platform for stabilizing occupancy as deliveries progress. Whether the asset is marketed toward students or broader tenants, the current lease-up timeline and minimal-maintenance profile align well with ownership strategies focused on predictable operations and asset longevity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.108825
    Latitude
    33.486133

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    FAQs

    What type of property is this?
    Apartment building - New construction multifamily asset with individually metered utilities, positioned for student or general-rent demand near campus.
    Where is this apartment building located?
    The property is located at Lionel Avenue Texarkana, TX.
    What is the asking price?
    The asking price for this property is $5,675,000.
    What are key features of this property?
    This property features: Under construction; year built 2026 with first units delivered March 2026 and starting to lease; Walking distance to Texas A&M University–Texarkana (TAMUT); Units are individually metered for water and electricity
    (601) 955-6881
    We can help!
    Listing Contact
    Bryson Swiggart
    Real Estate License ID: 0634498
    Learn More
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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.

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