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    Property profile & analytics

    617 Laurel St Texarkana, AR 71854-5236

    • Retail space
    • 6,158 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1638112
    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

    • Booth & Harris Distributing / Electronics Store

    Property Details for 617 Laurel St

    Year built
    1946
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    6,158 SF
    Property type
    Retail space
    APN
    1011280
    APU
    1011280

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $181,000
      Market price range: $113k - $613k
      AI Estimate
      $220,000
      Market price range: $220k - $708k

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.0406
    Latitude
    33.428
    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
    $1,088
    $3,570
    $15,390
    $18,960
    -
    $17,850
    $76,950
    $94,800

    Comparable in this City

    • Value Estimation
      $255,000
      1,040 SF

      301 Ee St

      RETAIL STORES (PERSONAL SERVICES) • 1,040 SF
      301 Ee St, Texarkana, AR 71854-6505
      View Details
    • Value Estimation
      $230,000
      2,760 SF

      905 Ee St

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      905 Ee St, Texarkana, AR 71854-7404
      View Details
    • Value Estimation
      $255,000
      2,544 SF

      800 Arkansas Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,544 SF
      800 Arkansas Blvd, Texarkana, AR 71854-2108
      View Details
    • Value Estimation
      $240,000
      768 SF

      8371 Blackman Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      8371 Blackman Fry Rd, Texarkana, AR 71854-0231
      View Details
    • Value Estimation
      $275,000
      3,534 SF

      5400 State Line Ave, Unit 200

      RETAIL STORES (PERSONAL SERVICES) • 3,534 SF
      5400 State Line Ave, Texarkana, AR 71854-8103
      View Details
    • Value Estimation
      $250,000
      1,516 SF

      2221 Line Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,516 SF
      2221 Line Fry Rd, Texarkana, AR 71854
      View Details

    Similar Nearby for Sale

    • $320,000
      1,980 SF

      Versatile Retail/Office Space Available

      1,980 SF building suitable for retail or office use.
      204 Arkansas Blvd, Texarkana, AR 71854
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    • $165,000
      6,048 SF

      Retail Opportunity in Texarkana, AR

      Retail space available for sale or lease in Texarkana.
      119 E Broad St, Texarkana, AR 71854
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    • $2,995,000
      13,522 SF

      Mandeville Truck Wash: Prime Location

      Established Truck Wash, High Occupancy, 2.55 Acres
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    • $274,500
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      Texarkana Commercial Property For Sale

      Commercial property with restaurant and rental income on busy street.
      934 N State Line Ave, Texarkana, AR 71854
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    • $395,000
      1,980 SF

      Texarkana Liquor Store Opportunity

      Thriving liquor store in high-traffic area with growth potential.
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    • $2,995,000
      13,522 SF

      Truck Wash with Retail Space

      Established truck wash with retail space on 2.55 acres.
      6798 State Hwy, Texarkana, AR 71854
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    Similar Nearby for Lease

    • $12 SF/Yr
      17,400 SF

      Texarkana Retail Space For Lease

      17,400 SF Retail Building, Prime Location
      720 Realtor Ave, Texarkana, AR 71854
      View Details
    • $22 SF/Yr
      11,741 SF

      Retail Space Near Walmart

      Retail space with high visibility and easy access.
      131 Arkansas Blvd, 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
    • $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
    • $5 SF/Yr
      67,326 SF

      College Hill Retail Space Available

      Prime Texarkana Grocery Store Space
      720 East St, Texarkana, AR 71854
      View Details
    • $12 SF/Yr
      10,050 SF

      Trinity Blvd Office Suites

      Texarkana Office Space: 1,500-4,800 SF
      2203 Trinity Blvd, Texarkana, AR 71854
      View Details
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    617 Laurel St
    Texarkana, AR 71854-5236
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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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