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    6503 Kings Hwy Texarkana, TX 75503

    • Commercial real estate
    • 10.83 lot acres
    For Sale
    View listing
    $409,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7279192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6503 Kings Hwy

    Lot size
    10.83 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10.831-acre parcel of land presents a remarkable opportunity for developers seeking a prime location in Texarkana, Texas. Situated at 6503 N Kings Hwy in the Pleasant Grove district, this expansive property offers significant potential for various development ventures. The land's substantial size allows for the creation of a substantial multifamily housing complex or a collection of single-family homes, catering to the growing demand for housing in the area. Its convenient location off North Kings Highway ensures excellent accessibility and visibility, making it an attractive proposition for both residents and businesses. The property is zoned for both commercial and residential use, providing flexibility and diverse development options. With its ample acreage and strategic location, this land presents a unique chance to build a thriving community or a successful commercial enterprise. The property is located in Bowie County, Texas, and has a zip code of 75503. The coordinates are 33.48155166828514 latitude and -94.14258840573284 longitude. The asking price for this exceptional property is $409,000. This represents a compelling investment opportunity with significant potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.142588405733
    Latitude
    33.481551668285

    Comparable in this City

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      9.20 Acres

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      49.30 Acres

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      Prime 49.3-acre residential tract in Texarkana, TX.
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    • $499,000
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      Texarkana Commercial Land - $499K

      1.83-acre lot, high-visibility location.
      4400 Moores Ln, Texarkana, TX 75503
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    • $300,000
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      Texarkana Land with Rolling Hills

      Approximately 11 acres in Texarkana, TX with rolling hills.
      Leary Rd, Texarkana, TX 75503
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    • $1,249,000
      19.17 Acres

      Texarkana Land: 19 Acres

      Prime Kings Hwy acreage, multifamily potential.
      8723 Kings Hwy, Texarkana, TX 75503
      View Details

    Similar Nearby for Sale

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      Texarkana Commercial Land - $499K

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    • $495,000
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      Kings Hwy Commercial Land - Texarkana

      5.23 Acres, High-Visibility Location, Development Potential
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      9.20 Acres

      9.3 Acres Multifamily Land, Texarkana

      Prime Texarkana land, ideal for multifamily development.
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      49.30 Acres

      Texarkana Residential Land - 49 Acres

      Prime 49.3-acre residential tract in Texarkana, TX.
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      View Details
    • $300,000
      11.00 Acres

      Texarkana Land with Rolling Hills

      Approximately 11 acres in Texarkana, TX with rolling hills.
      Leary Rd, Texarkana, TX 75503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Central Mall

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      Commercial Land Outparcel to Central Mall

      Commercial land for rent, outparcel to Central Mall.
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    • $1,050 /Mo

      Land Available Near Interstate

      0.94 acres of land for rent near Interstate-30.
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      Commercial Land Near Central Mall

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

      Land for lease adjacent to Central Mall retail anchors.
      4545 Cowhorn Creek Rd, Texarkana, TX 75503
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      Commercial Land Outparcel to Central Mall

      Commercial land for rent, outparcel to Central Mall.
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    6503 Kings Hwy
    Texarkana, TX 75503
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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.

    More about this property
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