Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Pleasant Grove Rd Texarkana, TX 75503

    • Land
    • 65.16 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pleasant Grove Rd

    Lot size
    65.16 lot acres
    Property type
    Land

    Description

    This exceptional 65.16-acre land parcel presents a remarkable investment opportunity in Texarkana, Texas. Strategically located just north of Interstate 30, and situated along the Gibson Lane extension to Kings Highway, east and west of Pleasant Grove Road, this property boasts unparalleled accessibility and visibility. Its prime location offers proximity to a thriving retail corridor, featuring over one million square feet of established commercial development, including major retailers such as Walmart, Target, Starbucks, Home Depot, Best Buy, and a Cinemark 14 movie theater. The property's potential is further enhanced by its adjacency to Encore Waggoner Creek, a 168-unit market-rate apartment complex, and the Texarkana Independent School District's Waggoner Creek Elementary School (opened August 2016). This advantageous location makes it exceptionally well-suited for multi-family residential development, including senior housing, capitalizing on the strong demand and established infrastructure. The land is priced at $2.50 per square foot. The property's address is Pleasant Grove Rd, Texarkana, TX 75503, within Bowie County. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with excellent access to major transportation routes and a wealth of amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.1155
    Latitude
    33.4672

    Comparable in this City

    • Value Estimation by Request
      9.54 Acres

      6001 Summerhill Rd

      Land • 9.54 Acres
      6001 Summerhill Rd, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      5.23 Acres

      7201 Kings Hwy

      Land • 5.23 Acres
      7201 Kings Hwy, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      0.77 Acres

      3008 Moores Ln

      Land • 33,498 SF
      3008 Moores Ln, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      22.54 Acres

      7750 Hampton Rd

      Land • 22.54 Acres
      7750 Hampton Rd, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      1.83 Acres

      4400 Moores Ln

      Land • 1.83 Acres
      4400 Moores Ln, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      7.16 Acres

      I-30 Frontage @ Pecan St

      Land • 15,233 SF
      I-30 Frontage @ Pecan St, Texarkana, TX 75503
      View Details

    Similar Nearby for Sale

    • $211,600
      23.00 Acres

      23 Acres with Pond

      Land with pond, county water, septic, and electricity.
      1225 County Road 4230, Atlanta, TX 75503
      View Details
    • $90,000
      1.00 Acre

      Galleria Oaks Commercial Land

      Prime 1-acre lot, Texarkana, TX. High visibility, development potential.
      0 Galleria Oaks Dr, Texarkana, TX 75503
      View Details
    • Contact for pricing
      500.00 Acres

      Waggoner Creek Crossing: 500 Acres

      Prime Texarkana commercial land, ideal for development.
      0 University Ave, Texarkana, TX 75503
      View Details
    • $5,750,000
      10.85 Acres

      Texarkana Commercial Land - 10.85 Acres

      Prime Texarkana commercial land, high visibility.
      0 10.85 Acres For Sale Near, Texarkana, TX 75503
      View Details
    • $514,100
      2.40 Acres

      Texarkana Commercial Land - 2.4 Acres

      Prime Commercial Land, High Traffic Area
      6703 Richmond Rd, Texarkana, TX 75503
      View Details
    • $450,846
      4.60 Acres

      McKnight Road Commercial Land

      4.6 Acres, High-Visibility Location
      4824 Mcknight Rd, Texarkana, TX 75503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Outparcel to Central Mall

      Commercial land for rent, outparcel to Central Mall.
      3154 Kennedy Ln, Texarkana, TX 75503
      View Details
    • Contact for pricing

      Commercial Land Near Central Mall

      Outparcel to Central Mall in Texarkana's main retail area.
      2400 Richmond Rd, Texarkana, TX 75503
      View Details
    • Contact for pricing

      Commercial Land Outparcel to Central Mall

      Commercial land for rent, outparcel to Central Mall.
      3321 Kennedy Ln, Texarkana, TX 75503
      View Details
    • Contact for pricing

      Land Outparcel to Central Mall

      Land for lease adjacent to Central Mall retail anchors.
      4545 Cowhorn Creek Rd, Texarkana, TX 75503
      View Details
    • Contact for pricing

      Commercial Land Near Central Mall

      Outparcel to Central Mall in Texarkana's main retail area.
      3252 Kennedy Ln, Texarkana, TX 75503
      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.
    Pleasant Grove Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!