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    915 E 5Th St Texarkana, AR 71854

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    915 E 5Th St Texarkana, AR 71854

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    • Quadplexes
    • 5,012 SF
    For Sale
    $449,500
    View Listing →
    Colonial Converted Four-Unit Apartment For Sale
    $449,500
    5,012 SF

    Colonial Converted Four-Unit Apartment

    5,000+ sq ft Colonial with four apartments and character.

    915 E 5th St, Texarkana, AR 71854
    View Listing
    Property ID
    US05-2066717
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quadplexes

    Property Details for 915 E 5Th St

    Property size
    5,012 SF
    Property type
    Quadplexes

    Description

    Check out this 5,000 sq ft plus Colonial, converted into a 4 unit apartment. Featuring high ceilings, original wood floors & old world character throughout, this is indeed a rare find. Inside pics & virtual tour will be added soon, so keep checking back to see more. Rents recently improved, with new management, new yearly rents total $39,160.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Texarkana
    County
    Miller
    State
    Arkansas
    Longitude
    -94.03392
    Latitude
    33.428985

    Comparable in this City

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      Texarkana Fourplex with Victorian Charm

      Colonial-style fourplex with original wood floors and high ceilings.
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    • $9,990,000
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      Craftsman Duplex in Texarkana, AR

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      Charming Downtown Texarkana Duplex

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    • $265,900
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      Texarkana Commercial Space, Residential Zoning

      Commercial space with residential zoning, ready for tenant occupancy.
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    • $420,000
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      Like-New Duplex in Texarkana, AR

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      Texarkana Duplex: Income Opportunity

      Turnkey duplex in Texarkana, AR, offering immediate income potential.
      2215 E 11Th St, Texarkana, AR 71854
      View Details

    Similar Nearby for Sale

    • $449,500
      5,012 SF

      Texarkana Fourplex with Victorian Charm

      Colonial-style fourplex with original wood floors and high ceilings.
      915 E 5Th St, Texarkana, AR 71854
      View Details
    • $9,990,000
      2,680 SF

      Craftsman Duplex in Texarkana, AR

      40-unit multifamily property with potential for Airbnb rentals.
      3911-4030 Brynlee Cir, Texarkana, AR 71854
      View Details
    • $150,000
      Pending

      Charming Downtown Texarkana Duplex

      Classic duplex in downtown Texarkana with renovation potential.
      416/418 Pecan St, Texarkana, AR 71854
      View Details
    • $420,000
      2,794 SF

      Like-New Duplex in Texarkana, AR

      Modern duplex with strong rental appeal near amenities.
      3501 Pecan St, Texarkana, AR 71854
      View Details
    • $265,900
      3,057 SF

      Texarkana Commercial Space, Residential Zoning

      Commercial space with residential zoning, ready for tenant occupancy.
      1508 County St, Texarkana, AR 71854
      View Details
    • $74,900
      1,058 SF

      Texarkana Duplex: Income Opportunity

      Turnkey duplex in Texarkana, AR, offering immediate income potential.
      2215 E 11Th St, Texarkana, AR 71854
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      5,072 SF

      Downtown Texarkana Office Building

      Office building for lease in downtown Texarkana, Arkansas.
      409 Hazel St, Texarkana, AR 71854
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    • Contact for pricing

      Highly Visible Strip Center

      Strip center with high visibility on I-30 service road.
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      Retail Space Available For Lease

      12,000 SF retail space with offices and full kitchen.
      720 Realtor Ave, Texarkana, AR 71854
      View Details
    • Contact for pricing

      Warehouse/Office Space Near Interstate

      5,420 SF warehouse/office space with excellent interstate access.
      3201 E 50Th St, Texarkana, AR 71854
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease.
      2415 Arkansas Blvd, Texarkana, AR 71854
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      5,420 SF warehouse and office space near I-30.
      3201 E 50Th St, Texarkana, AR 71854
      View Details
    View Listing
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    Texarkana, AR 71854
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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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    915 E 5Th St, Texarkana, AR, 71854

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