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    OFF-MARKET
    Office Spaces

    2603 Texas Blvd, Texarkana, TX 75503

    21,344 SF 1.49 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a multi-tenant executive office complex located at 2603 Texas Boulevard in Texarkana, Texas. The property boasts a total of 21,344 square feet across three single-story buildings, situated on a 1.49-acre lot. Currently operating at 87% occupancy, this Class B office space offers a compelling return on investment with an asking price of $1,000,000 ($46.85/sq ft). The property is zoned for office use and features on-site management, simplifying operations. Tenants benefit from included utilities and twice-weekly janitorial service, enhancing the overall value proposition. The leasing office provides convenient mail and package delivery services. Leases are structured on a gross basis, with the current lease period commencing January 6, 2023, and expiring December 30, 2023. Strategically located in the heart of Texarkana, between the downtown area and the burgeoning I-30 corridor, this property enjoys excellent visibility and accessibility. This is an ideal opportunity for investors seeking a well-maintained, multi-tenant office complex in a thriving Texas market. The property's strong occupancy rate and comprehensive amenities make it an attractive investment with significant potential for future growth.

    Property profile
    Verified
    Property type Office Spaces
    Total area 21,344 SF
    Lot 1.49 ac (64,904 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dhrystone Computer Systems Inc Electronics & Wireless Store
    • BXC Roofing Roofing Company General Contractor
    • NAI American Realty Real Estate Agency
    • Papa O's Professional Cleaning Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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