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    204 Arkansas Blvd Texarkana, AR 71854

    • Medical offices
    • 1,980 SF
    • 0.32 lot acres
    For Sale
    View listing
    $320,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1780007
    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

    • Spine Care / Chiropractor
    • Baker Paul D DC / Chiropractor

    Property Details for 204 Arkansas Blvd

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    1,980 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    4210250
    APU
    4210250

    Description

    This 1,980 square foot Class B office building, situated at 204 Arkansas Blvd in Texarkana, Arkansas, presents a compelling investment opportunity. Built in 1969 and renovated within the last 10 years, this single-story, single-unit property boasts 100% occupancy with a gross lease in place. The asking price is $400,000, translating to $202.02 per square foot. Located on a 0.32-acre lot, the property benefits from a prime location directly facing a Walmart Supercenter and surrounded by other major retailers including Albertson's, CVS, Walgreens, Healthcare Express, Starbucks, and Schlotzky's. The high visibility and traffic volume in this established commercial corridor (over 14,000 vehicles per day) make it ideal for a variety of uses, including executive or medical offices, and potentially retail. A fenced rear yard offers potential for parking expansion. The current owner is constructing a new strip center at Interstate 30 and is willing to offer a short-term leaseback to the buyer, or vacate the premises, depending on the buyer's needs. The property is zoned for office use. This is a rare opportunity to acquire a well-located, income-producing asset in the heart of Texarkana's thriving commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $315,000
      AUTO REPAIR, GARAGE
      $165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.0408
    Latitude
    33.46
    CBSA code
    45500
    CBSA name
    TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,021
    $9,660
    $25,550
    $35,210
    -
    $48,300
    $127,750
    $176,050

    Comparable in this City

    • Value Estimation
      $220,000
      3,748 SF

      619 6th St

      MEDICAL BUILDING • 3,748 SF
      619 6th St, Texarkana, AR 71854-5323
      View Details
    • Value Estimation
      $300,000
      5,412 SF

      422 Beech St

      MEDICAL BUILDING • 5,412 SF
      422 Beech St, Texarkana, AR 71854-5310
      View Details
    • Value Estimation
      $210,000
      2,546 SF

      2100 State Line Ave

      MEDICAL BUILDING • 2,546 SF
      2100 State Line Ave, Texarkana, AR 71854-3583
      View Details
    • Value Estimation
      $1,695,000
      7,080 SF

      114 49th St

      MEDICAL BUILDING • 7,080 SF
      114 49th St, Texarkana, AR 71854-2117
      View Details
    • Value Estimation
      $1,755,000
      4,338 SF

      125 Arkansas Blvd

      MEDICAL BUILDING • 4,338 SF
      125 Arkansas Blvd, Texarkana, AR 71854-1963
      View Details
    • Value Estimation
      $320,000
      2,882 SF

      1702 Arkansas Blvd

      MEDICAL BUILDING • 2,882 SF
      1702 Arkansas Blvd, Texarkana, AR 71854-1610
      View Details

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    Similar Nearby for Lease

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      Texarkana Office Building For Lease

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      Texarkana Warehouse For Lease

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    Texarkana, AR 71854
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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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