Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1815 Lake Dr Texarkana, TX 75501
    Back to Search
    Property profile & analytics

    1815 Lake Dr Texarkana, TX 75501

    View on Map
    • Land
    • 12.14 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 180RecordingStudio LLC / Media Distribution

    Property Details for 1815 Lake Dr

    Lot size
    12.14 lot acres
    Property type
    Land

    Description

    This exceptional 12.14-acre commercial land parcel presents a remarkable investment opportunity in Texarkana, Texas. Strategically located at the corner of Buchanan Loop Road and South Lake Drive, this property boasts high visibility and convenient access. The address is 1815 S Lake Dr, Texarkana, TX 75501, within Bowie County. Its prime location offers significant advantages for a variety of commercial ventures. Nearby established businesses include Wayne's Restaurant, Dollar General, New Ways Convenience Store, and Ray's Tire Shop, indicating a thriving commercial area with high traffic volume. The asking price for this expansive tract is $160,000. This represents a significant opportunity to acquire a substantial piece of commercial real estate in a rapidly developing area. The property's size and location make it ideal for a wide range of commercial developments, from retail spaces to light industrial uses. Given its prominent corner location and proximity to established businesses, this property offers exceptional potential for strong returns on investment. Serious inquiries are encouraged to explore the possibilities of this unique commercial land offering. The coordinates are 33.404144 latitude and -94.0626188 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.0626
    Latitude
    33.4041

    Comparable in this City

    • Value Estimation by Request
      1.13 Acres

      3611 Robison Rd

      Land • 1.13 Acres
      3611 Robison Rd, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      1.50 Acres

      Walton Dr

      Land • 1.50 Acres
      0 Walton Dr, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      1.25 Acres

      4005 Us-82

      Farms • 1.25 Acres
      4005 Us-82, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      5.14 Acres

      4031 New Boston Rd

      Residential land & home lots • 5.14 Acres
      4031 New Boston Rd, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      9.89 Acres

      Loop Dr

      Land • 9.89 Acres
      0 Loop Dr, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      2.32 Acres

      702 Walton Dr

      Land • 2.32 Acres
      702 Walton Dr, Texarkana, TX 75501
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      12.14 Acres Corner Land

      Corner lot near local businesses, suitable for development.
      1815 S Lake Dr, Texarkana, TX 75501
      View Details
    • Contact for pricing

      Land For Sale

      1.53 acres of land available for purchase.
      Us Hwy 59 @ Kings Hwy, Texarkana, TX 75501
      View Details
    • $925,000

      11.7 Acres South Kings Highway

      11.7 acres with storage buildings on South Kings Highway.
      1816 S Kings Hwy, Texarkana, TX 75501
      View Details
    • Contact for pricing
      0.75 Acres

      Land in Texarkana, Texas

      Land available in Texarkana, Texas.
      TBD1 Shavers Ln, Texarkana, TX 75501
      View Details
    • $228,000

      Texarkana Land with Potential

      Land with residential and commercial potential near I-369.
      826 Redwater Rd, Wake Village, TX 75501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Expansive Industrial Property For Rent

      Large industrial property with warehouse, storage, and outdoor space.
      1100 Beaumont St, Texarkana, TX 75501
      View Details
    • $6,600 /Mo
      29,621 SF

      Commercial Lot in High-Traffic Area

      Vacant commercial lot with visibility from I-30.
      3807 Mall Ln, Texarkana, TX 75501
      View Details
    • $1,400 /Mo
      20,909 SF

      Texarkana Office Space for Lease

      Configurable office suite in established medical building near Christus Health.
      921 Texas Blvd, Texarkana, TX 75501
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      4,500 SF commercial space suitable for various businesses.
      835 Redwater Rd, Wake Village, TX 75501
      View Details
    • Contact for pricing

      Texarkana Warehouse with Office Space

      Warehouse with roll-up doors, loading dock, and office space.
      1020 Bowie St, Texarkana, TX 75501
      View Details
    • Contact for pricing

      Corner Lot Warehouse Space

      Commercial warehouse with parking on both sides and roll-up door.
      1020 Bowie St, Texarkana, TX 75501
      View Details
    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.
    1815 Lake Dr
    Texarkana, TX 75501
    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
    1815 Lake Dr, Texarkana, TX, 75501
    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!