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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 Broad St Texarkana, AR 71854-5414

    • Motels
    • 3,822 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    $125,000
    Value Estimations
    $120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2103282
    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

    • Ritz Motel / Motel / Hotel

    Property Details for 1415 Broad St

    Year built
    1940
    Lot size
    1.01 lot acres
    Property size
    3,822 SF
    Property type
    Motels
    APN
    282001
    APU
    282001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $120,000
      ML approach
      $85,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.0222
    Latitude
    33.4366
    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
    $882
    $4,010
    $11,360
    $15,370
    -
    $20,050
    $56,800
    $76,850

    Comparable in this City

    • Value Estimation
      $1,250,000
      24,722 SF

      900 Realtor Ave

      MOTEL • 24,722 SF
      900 Realtor Ave, Texarkana, AR 71854-1020
      View Details
    • Value Estimation
      $570,000
      39,985 SF

      325 51st St

      MOTEL • 39,985 SF
      325 51st St, Texarkana, AR 71854-1003
      View Details
    • Value Estimation
      $455,000
      35,030 SF

      5210 State Line Ave

      MOTEL • 35,030 SF
      5210 State Line Ave, Texarkana, AR 71854-1029
      View Details
    • Value Estimation
      $410,000
      63,755 SF

      4200 State Line Ave

      MOTEL • 63,755 SF
      4200 State Line Ave, Texarkana, AR 71854-1024
      View Details
    • Value Estimation
      $275,000
      16,851 SF

      3602 State Line Ave, Unit 3604

      MOTEL • 16,851 SF
      3602 State Line Ave, Texarkana, AR 71854-2671
      View Details
    • Value Estimation
      $235,000
      2,755 SF

      815 9th St

      MOTEL • 2,755 SF
      815 9th St, Texarkana, AR 71854-5039
      View Details

    Similar Nearby for Sale

    • $1,650,000
      Pending

      100-Room Motel Near I-30

      100-room motel in high-visibility location off I-30.
      900 Realtor Ave, Texarkana, AR 71854
      View Details
    • $1,800,000
      36,575 SF

      Texarkana Hotel with Commercial Building

      75-unit hotel with additional commercial building and manager's apartment.
      4012 N State Line Ave, Texarkana, AR 71854
      View Details
    • $1,400,000
      0.60 Acres

      Texarkana Business Opportunity: Prime Location

      High-potential business, 0.6-acre lot.
      5314 State Line Ave, Texarkana, AR 71854
      View Details
    • $325,000
      31.69 Acres

      31-Acre Tract, Texarkana, AR

      Prime Development Land - 31.69 Acres
      210 Oats St, Texarkana, AR 71854
      View Details
    • $325,000
      6,260 SF

      Texarkana Office Building Investment

      6,260 SF Office Building, Great Potential
      923 Hickory St, Texarkana, AR 71854
      View Details
    • $1,034,040
      9,217 SF

      Texarkana Dollar General NNN Lease

      High-yield NNN retail investment. Strong tenant.
      3760 East St, Texarkana, AR 71854
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,741 SF

      Retail Space Near Walmart

      Retail space with high visibility and easy access.
      131 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • $8 SF/Yr
      7,700 SF

      Texarkana Warehouse For Lease

      7,700 SF Warehouse, 20 Parking Spaces
      3710 Jefferson Ave, Texarkana, AR 71854
      View Details
    • $1,500 /Mo
      4,961 SF

      Texarkana Commercial Space For Rent

      Two vacant spaces available, ideal for restaurant or retail.
      934-936 N State Line Ave, Texarkana, AR 71854
      View Details
    • $5 SF/Yr
      67,326 SF

      College Hill Retail Space Available

      Prime Texarkana Grocery Store Space
      720 East St, Texarkana, AR 71854
      View Details
    • $1,500 /Mo
      3,000 SF

      Texarkana Retail Space For Lease

      Two 1,500 sqft retail spaces available in high-traffic area.
      934-936 N State Line Ave, Texarkana, AR 71854
      View Details
    • $7 SF/Yr
      5,420 SF

      Texarkana Warehouse: 5,420 SF

      Single-tenant industrial warehouse in prime Texarkana location.
      3201 50Th St, Texarkana, AR 71854
      View Details
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    1415 Broad St
    Texarkana, AR 71854-5414
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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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