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

    602 Walton Dr Texarkana, TX 75501

    • Commercial real estate
    • 24,500 SF
    • 1.57 lot acres
    For Sale
    View listing
    $1,028,713
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1086431
    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

    • Ashley Store / Outdoor Furniture Store / Sofa Store

    Property Details for 602 Walton Dr

    Year built
    2003
    Lot size
    1.57 lot acres
    Property size
    24,500 SF
    Property type
    Commercial real estate
    APN
    53335
    APU
    53335

    Description

    This exceptional 2.32-acre commercial land parcel presents a remarkable investment opportunity in Texarkana, Texas. Strategically located at the intersection of I-30 and Interstate 369, this property boasts high visibility and accessibility. The site is divided into two tracts. One 1.968-acre lot sits prominently in front of Ivan Smith Furniture and adjacent to Lowe's, commanding a price of $12.00 per square foot. This prime location benefits from the strong presence of major retailers including Walmart Supercenter, Ashley Furniture, Bedding Mart, Hank's Furniture, Texarkana Harley-Davidson, Classic Kia, Dodge-Chrysler-Jeep, Academy Sports, and Country Inn and Suites. Further enhancing its appeal, the property enjoys proximity to other significant businesses along Interstate-30, such as Best Buy, Home Depot, Texas Roadhouse, Lonestar Steakhouse, and On The Border. The asking price for the entire 2.32-acre property is $1,028,713, with a land value ranging from $4.20 to $12.00 per square foot, depending on the specific tract. This presents a unique chance to capitalize on a high-traffic area with established anchors and significant growth potential. The property is located at 602 Walton Dr, Texarkana, TX 75501, in Bowie County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,225,000
      6.5%
      $3,900,000
      7%
      $3,625,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,269,000
      Market price range: $922k - $3.27M

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.098
    Latitude
    33.4489
    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
    $57,942
    $376,530
    $2,070,480
    $2,447,010
    -
    $376,530
    $2,070,480
    $2,447,010

    Comparable in this City

    • Value Estimation by Request
      12.14 Acres

      1815 Lake Dr

      Land • 12.14 Acres
      1815 Lake Dr, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      0.16 Acres

      810 Pne St

      COMMERCIAL (GENERAL) • 0.16 Acres
      810 Pne St, Texarkana, TX 75501-5112
      View Details
    • Value Estimation by Request
      0.16 Acres

      805 Spruce St

      COMMERCIAL (GENERAL) • 0.16 Acres
      805 Spruce St, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      0.58 Acres

      1101 State Line Ave

      COMMERCIAL (GENERAL) • 0.58 Acres
      1101 State Line Ave, Texarkana, TX 75501
      View Details
    • Value Estimation by Request
      0.07 Acres

      412 3rd St

      COMMERCIAL (GENERAL) • 0.07 Acres
      412 3rd St, Texarkana, TX 75501-5639
      View Details
    • Value Estimation by Request
      0.21 Acres

      204 Broad St

      COMMERCIAL (GENERAL) • 0.21 Acres
      204 Broad St, Texarkana, TX 75501
      View Details

    Similar Nearby for Sale

    • $345,000
      5.14 Acres

      Texarkana Land: 5.14 Acres

      Prime Commercial/Residential Land
      4031 New Boston Rd, Texarkana, TX 75501
      View Details
    • Contact for pricing
      9.50 Acres

      Texarkana Commercial Land Investment

      High-visibility commercial land, prime location.
      3700 New Boston Rd, Texarkana, TX 75501
      View Details
    • $100,000
      3.03 Acres

      Texarkana Commercial Land - Hwy 67

      Prime 3.03-acre commercial site. High visibility.
      0 Double L Rd, Texarkana, TX 75501
      View Details
    • Contact for pricing
      1.50 Acres

      I-30 & University Ave Land

      Texarkana Commercial Land, High Traffic
      0 Walton Dr, Texarkana, TX 75501
      View Details
    • $1,028,713
      2.32 Acres

      Texarkana Commercial Land Investment

      Prime 2.32-acre commercial lot, ideal for development.
      602 Walton Dr, Texarkana, TX 75501
      View Details
    • Contact for pricing
      0.32 Acres

      Texarkana Commercial Land - $25k

      0.32-acre lot, prime commercial location
      1103 Spruce St, Texarkana, TX 75501
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      13,013 SF

      Texarkana Warehouse: 13,013 SF

      Single-tenant industrial warehouse, excellent location.
      1020 Bowie St, Texarkana, TX 75501
      View Details
    • $7 SF/Yr
      10,000 SF

      835 Redwater Road: Versatile Space

      10,000 SF Office/Warehouse in Wake Village, TX
      835 Redwater Rd, Wake Village, TX 75501
      View Details
    • $4 SF/Yr
      6,458 SF

      Texarkana Warehouse: 6,458 SF

      Single-tenant industrial warehouse. Excellent location.
      1020 Bowie St, Texarkana, TX 75501
      View Details
    • Contact for pricing
      1,373 SF

      Retail Space Near Walmart, Lowe's

      Retail spaces available near Walmart and Lowe's with high visibility.
      404 Walton Dr, Texarkana, TX 75501
      View Details
    • $5 SF/Yr
      32,000 SF

      Prime Bowie County Warehouse

      32,000 SF Warehouse, 5.7 Acres
      1100 Beaumont St, Texarkana, TX 75501
      View Details
    • Contact for pricing
      24,049 SF

      Retail Space Near High Traffic

      24,049 SF retail space near I-30 and Richmond.
      4101 Gibson Ln, Texarkana, TX 75501
      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.
    602 Walton Dr
    Texarkana, TX 75501
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.