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    Flex Warehouse with Secured Yard Title is generated by Realmo AI

    3698 E Marshall Avenue, Longview, TX 75602

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    For Lease
    $4,688/Mo $7 SF/Yr (calc)

    COMMERCIAL - Longview, TX

    Property size:
    7,500 SF
    Lot size:
    0.83 Acres
    Added:
    May 19, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 3698 E Marshall Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    On Street, Parking Lot, Open
    Security features
    Security
    Standard status
    Active
    APN
    R000071913
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Description
    Acres 0.827, Abst 438 R MASON, GAR

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Carpet
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Matthew Marshall

    Listing agent Matthew Marshall License #0544812

    Listing office Drake Real Estate Tyler, TX

    Listing date May 19, 2026

    MLS# 21028909

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lease rate: $7.50/SF per year plus NNN
    • Office/warehouse space totals 7,500 SF: 1,450 SF office and 6,050 SF warehouse
    • Approximately 0.5‑acre paved and stabilized fenced yard with gate access
    • Metal roof; metal siding exterior with concrete and carpet flooring
    • Climate‑controlled workshop plus electric central air and electric heating
    • 7 overhead doors: (3) 10' x 12', (2) 20' x 12', (2) 10' x 14'; new LED lighting and electrical

    Overview

    This well-equipped flex property combines office and industrial space with a fully secured, fenced and gated yard for privacy and controlled access. Interior improvements include a climate-controlled workshop, newly installed LED lighting and electrical, and multiple service-ready restrooms with shower facilities for both office and shop. The layout includes an office area and a substantial warehouse, supported by seven overhead doors sized for a range of equipment and operational workflows. The secured yard is paved and stabilized to support day-to-day staging and storage.

    The property offers prominent visibility with pylon signage along a major thoroughfare, supporting branding and customer-facing operations. Convenient access is supported by the yard configuration and a set of overhead doors designed for receiving, loading, and efficient movement between covered and outdoor work areas.

    This configuration is well suited to service companies, distribution, fabrication, and trades that need both functional office space and warehouse capacity, along with the operational flexibility of a secured yard. The combination of climate-controlled workshop space, multiple overhead doors, and on-site office and shop amenities makes it a practical fit for operators seeking a single facility that can support both administrative and hands-on work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chrome Reflections MotorCars Car Dealership

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Creative Confections — 102 Community Blvd, Longview, TX 75605

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.675478
    Latitude
    32.503062

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    FAQs

    What type of property is this?
    Flex space - Flex office and warehouse space paired with a fenced, gated yard and multiple overhead doors for service and distribution needs.
    Where is this flex space located?
    The property is located at 3698 E Marshall Avenue Longview, TX.
    What is the lease rate?
    The lease rate is $4,688 /Mo.
    What are key features of this property?
    This property features: Lease rate: $7.50/SF per year plus NNN; Office/warehouse space totals 7,500 SF: 1,450 SF office and 6,050 SF warehouse; Approximately 0.5‑acre paved and stabilized fenced yard with gate access
    (903) 581-3737
    We can help!
    Listing Contact
    Matthew Marshall
    Real Estate License ID: 0544812
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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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