5604 Summerhill Rd Texarkana, TX 75503
- Commercial real estate
- 12,600 SF
- 0.82 lot acres
Current Use by Public Records
- RANEY ELITE INSURANCE AGENCY / Insurance Agency
- Or Pro Prosthetics & Orthotics / Orthotics & Prosthetics Service
- Ark-La-Tex Sleep Center / Sleep Clinic
- David Lefors / Orthotics & Prosthetics Service
- Regulo Olvera Real Estate / Real Estate Agency / Real Estate Rental Agency
Property Details for 5604 Summerhill Rd
- Year built
- 1999
- Lot size
- 0.82 lot acres
- Property size
- 12,600 SF
- Property type
- Commercial real estate
- APN
- 34793
- APU
- 34793
Description
5604 Summerhill Road offers two exceptional office spaces, each encompassing 1,500 square feet, ideally situated along the prestigious Summerhill Road in Texarkana. This location provides unparalleled access to the city's affluent residential areas, ensuring high visibility and convenient commutes for employees and clients alike. The property is categorized as retail, office space, and specifically offers traditional, medical, and executive office suite options. The building is suitable for multiple tenants, with a minimum leasable space of 2,500 square feet. Currently, two individual 1,500 square foot units are available for lease. These units are perfect for businesses seeking a premium and well-connected office environment. The asking rent is $15.00 per square foot. This presents a unique opportunity for discerning tenants seeking a sophisticated and strategically positioned office space within a thriving Texarkana community. The property's prime location on Summerhill Road ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the area. The flexible space allows for customization to suit various business needs. This is an excellent opportunity to establish a presence in a desirable and high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $815,000
- 6.5%
- $720,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $715,000
- Retail
- $695,000
- Mixed-Use
- $625,000
- Hospitality
- $620,000
- Educational
- $705,000
- Residential Income
- $695,000
- Energy
- $690,000
- Income-Based Land
- $805,000
- Food Service
- $730,000
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.0691
- Latitude
- 33.4731
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA