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204 Arkansas Blvd Texarkana, AR 71854

Medical Office Space Google Maps
1,980 SF 0.32 ac lot Built 1969
Individually Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US05-1780007

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,980 SF
Lot 0.32 ac (13,809 SF)
APN 4210250
UPID US05-1780007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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