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

    2975 Miller County 70 Texarkana, AR 71854-1580

    • Auto shops
    • 3,090 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1842507
    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

    • Auto shops

    Property Details for 2975 Miller County 70

    Year built
    2008
    Property size
    3,090 SF
    Property type
    Auto shops
    APN
    464350
    APU
    464350

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -93.9085
    Latitude
    33.3893
    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
    $749
    $0.00
    $13,420
    $13,420
    -
    $0.00
    $0.00
    $67,100

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      221 7th St

      AUTO REPAIR, GARAGE • 1,400 SF
      221 7th St, Texarkana, AR 71854-5210
      View Details
    • Value Estimation by Request
      2,273 SF

      519 7th St

      AUTO REPAIR, GARAGE • 2,273 SF
      519 7th St, Texarkana, AR 71854-5324
      View Details
    • Value Estimation by Request
      1,603 SF

      1314 9th St

      AUTO REPAIR, GARAGE • 1,603 SF
      1314 9th St, Texarkana, AR 71854-4503
      View Details
    • Value Estimation by Request
      3,516 SF

      2208 9th St, Unit 2210

      AUTO REPAIR, GARAGE • 3,516 SF
      2208 9th St, Texarkana, AR 71854-5674
      View Details
    • Value Estimation by Request
      9,439 SF

      23218 Us Hwy 82

      AUTO REPAIR, GARAGE • 9,439 SF
      23218 Us Hwy 82, Texarkana, AR 71854
      View Details
    • Value Estimation by Request
      2,160 SF

      1801 Ee St

      AUTO REPAIR, GARAGE • 2,160 SF
      1801 Ee St, Texarkana, AR 71854-8013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,270 SF

      Mechanic Shop with Office Space

      6,270 SF building suitable for mechanic or repair shop.
      1120 Realtor Ave, Texarkana, AR 71854
      View Details
    • $1,400,000
      2,220 SF

      Texarkana Conoco Gas Station

      Operating gas station and convenience store on 0.6 acres.
      5314 N State Line Ave, Texarkana, AR 71854
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      13,522 SF

      Truck Wash with Retail Space

      Established truck wash with retail space on 2.55 acres.
      6798 State Hwy 108, Texarkana, AR 71854
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    • $464,900
      4,180 SF

      Spacious Ranch with Workshop Garages

      Immaculately maintained ranch with dual living spaces and workshop garages.
      4808 Country Rd, Texarkana, AR 71854
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    • $1,200,000
      2,016 SF

      Texarkana, AR Gas Station

      Newly renovated gas station with absolute NNN lease.
      1302 E 35Th St, Texarkana, AR 71854
      View Details
    • New
      $450,000
      1,527 SF

      Texarkana Gas Station with Store

      Remodeled gas station with convenience store and 24-hour service.
      2700 E 9Th St, Texarkana, AR 71854
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    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Strip Center

      Strip center with high visibility on I-30 service road.
      2203 Trinity Blvd, Texarkana, AR 71854
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      12,000 SF retail space with offices and full kitchen.
      720 Realtor Ave, 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
    • Contact for pricing

      Texarkana Retail Space Available

      Prime retail space in busy College Hill Shopping Center.
      720 East St, 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
    • New
      $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
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    2975 Miller County 70
    Texarkana, AR 71854-1580
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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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