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    1621 42nd St Texarkana, AR 71854-1654
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    Property profile & analytics

    1621 42nd St Texarkana, AR 71854-1654

    View on Map
    • Assisted living facilities
    • 38,917 SF
    • 5.51 lot acres
    Off-Market
    Property ID
    US05-1796086
    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.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bailey Creek Health & Rehab / Nursing Home

    Property Details for 1621 42nd St

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.51 lot acres
    Property size
    38,917 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    6110010
    APU
    6110010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.0262
    Latitude
    33.4646
    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
    $29,349
    $60,650
    $450,660
    $511,310
    -
    $303,250
    $2,253,300
    $2,556,550

    Comparable in this City

    • Value Estimation
      $525,000
      26,759 SF

      1100 36th St, Unit 1204

      HOMES (RETIRED, NURSING) • 26,759 SF
      1100 36th St, Texarkana, AR 71854-2215
      View Details
    • Value Estimation by Request
      42,778 SF

      801 Arkansas Blvd

      HOMES (RETIRED, NURSING) • 42,778 SF
      801 Arkansas Blvd, Texarkana, AR 71854-2107
      View Details
    • Value Estimation by Request
      18,088 SF

      4110 Jefferson Ave

      HOMES (RETIRED, NURSING) • 18,088 SF
      4110 Jefferson Ave, Texarkana, AR 71854-1512
      View Details
    • Value Estimation by Request
      42,042 SF

      2107 Dudley St

      HOMES (RETIRED, NURSING) • 42,042 SF
      2107 Dudley St, Texarkana, AR 71854-6345
      View Details
    • Value Estimation by Request
      9,382 SF

      705 Ray St

      Retirement homes • 9,382 SF
      705 Ray St, Texarkana, AR 71854
      View Details
    • Value Estimation by Request
      5,165 SF

      7000 State Line Ave

      MEDICAL BUILDING • 5,165 SF
      7000 State Line Ave, Texarkana, AR 71854-8100
      View Details

    Similar Nearby for Sale

    • $1,399,000

      Former Nursing Home Redevelopment Opportunity

      26,759 SF former nursing home suitable for redevelopment.
      1100 East 36Th St, Texarkana, AR 71854
      View Details
    • $295,000
      8.58 Acres

      Texarkana Land Ideal Location

      8.58-acre lot suitable for duplex or assisted living facility.
      4600 Garland St, Texarkana, AR 71854
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    • $870,000

      Former VA Outpatient Facility

      12,000 SF vacant building on 1.12-acre lot.
      910 Realtor 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
    • Contact for pricing
      4,338 SF

      Medical Office in Prime Location

      Single-tenant medical office with long-term lease and zero landlord responsibilities.
      125 Arkansas Blvd, Texarkana, AR 71854
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Texarkana Retail Space Available

      Prime retail space in busy College Hill Shopping Center.
      720 East St, Texarkana, AR 71854
      View Details
    • $1,000 /Mo
      3,000 SF

      Texarkana Retail Spaces For Lease

      Two 1,500 sqft retail spaces available in high-traffic area.
      934-936 N State Line Ave, Texarkana, AR 71854
      View Details
    • $4,194 /Mo

      Retail Space in Texarkana Plaza

      End-cap retail space with strong co-tenancy in Texarkana, AR.
      131 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Retail space with high visibility and easy access.
      131 Arkansas Blvd, 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
    • $3,250 /Mo
      2,310 SF

      Texarkana Office Space Available

      Office space for lease or sale in Texarkana, Arkansas.
      702 Arkansas Blvd, Texarkana, AR 71854
      View Details
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    Texarkana, AR 71854-1654
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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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    1621 42nd St, Texarkana, AR, 71854
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