Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1724 Galleria Oaks Dr Texarkana, TX 75503-4649

    • Commercial real estate
    • 5,400 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2023
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3720145
    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

    • Texarkana Ketamine Clinic / Medical Clinic
    • LoneStar Health & Wellness / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 1724 Galleria Oaks Dr

    Year built
    2002
    Lot size
    0.43 lot acres
    Property size
    5,400 SF
    Property type
    Commercial real estate
    APN
    19534
    APU
    19534

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $860,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $641,000
      Market price range: $217k - $642k

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.0634
    Latitude
    33.4715
    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
    $23,537
    $56,100
    $937,900
    $994,000
    -
    $56,100
    $937,900
    $994,000

    Comparable in this City

    • Value Estimation by Request
      1.46 Acres

      Tbd Cowhorn Crk Loop

      Land • 1.46 Acres
      0 Tbd Cowhorn Crk Loop, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      0.90 Acres

      Cowhorn & I-30

      Land • 0.90 Acres
      0 Cowhorn & I-30, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      10.83 Acres

      6503 Kings Hwy

      Land • 10.83 Acres
      6503 Kings Hwy, Texarkana, TX 75503
      View Details
    • Value Estimation by Request
      0.21 Acres

      4305 State Line Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      4305 State Line Ave, Texarkana, TX 75503-3137
      View Details
    • Value Estimation by Request
      0.43 Acres

      3001 State Line Ave

      COMMERCIAL (GENERAL) • 0.43 Acres
      3001 State Line Ave, Texarkana, TX 75503-3733
      View Details
    • Value Estimation by Request
      1.25 Acres

      5070 Fm 1398

      COMMERCIAL (GENERAL) • 1.25 Acres
      5070 Fm 1398, Texarkana, TX 75503
      View Details

    Similar Nearby for Sale

    • $1,600,000
      3,036 SF

      5530 Christus Dr, Texarkana, TX 75503

      Commercial real estate • 3,036 SF
      5530 Christus Dr, Texarkana, TX 75503
      View Details
    • $499,000
      1.83 Acres

      Texarkana Commercial Land - $499K

      1.83-acre lot, high-visibility location.
      4400 Moores Ln, Texarkana, TX 75503
      View Details
    • $495,000
      5.23 Acres

      Kings Hwy Commercial Land - Texarkana

      5.23 Acres, High-Visibility Location, Development Potential
      7201 Kings Hwy, Texarkana, TX 75503
      View Details
    • Contact for pricing
      44.13 Acres

      Prime Texarkana Commercial Land

      44 Acres, I-30 Visibility, $2/SF
      0 Hampton Rd, Texarkana, TX 75503
      View Details
    • $1,473,000
      22.54 Acres

      Prime Texarkana Commercial Land

      22.54 Acres, I-30 Visibility
      7750 Hampton Rd, Texarkana, TX 75503
      View Details
    • $252,539
      0.77 Acres

      Texarkana Commercial Land - $252K

      High-visibility 0.77-acre lot, ideal for retail/office.
      2131 Galleria Oaks Dr, Texarkana, TX 75503
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,000 SF

      Upscale Texarkana Office Suites

      Prime Summerhill location, two 1500 sq ft suites.
      5604 Summerhill Rd, Texarkana, TX 75503
      View Details
    • $72,000
      4,750 SF

      Texarkana Industrial Property - 4750 SF

      Prime Texarkana warehouse, ideal for distribution.
      8101 State Line Ave, Texarkana, TX 75503
      View Details
    • $18 SF/Yr
      4,900 SF

      Texarkana Medical Office Space

      4,900 sq ft single-tenant office in West Park Plaza
      5035 Park Blvd, Texarkana, TX 75503
      View Details
    • $12 SF/Yr
      21,344 SF

      Texarkana Coworking Office Space

      Multiple suites, all-inclusive lease, prime location.
      2601-2605 Texas Blvd, Texarkana, TX 75503
      View Details
    • Contact for pricing
      232,000 SF

      Town West Shopping Center - Texarkana

      Prime Retail & Office Space Available
      0 Swc I-30 & Richmond Rd, Wake Village, TX 75503
      View Details
    • Contact for pricing

      Commercial Land Near Central Mall

      Outparcel to Central Mall in Texarkana's main retail area.
      2400 Richmond Rd, Texarkana, TX 75503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1724 Galleria Oaks Dr
    Texarkana, TX 75503-4649
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.