Office/Warehouse with Additional
For Sale
$299,900
100 Tex Pack St, Longview, TX 75604
3,575 SF office/warehouse with fenced yard and extra land.
Property Size3,575 SF
Lot Size1.00 Acre
Price / SF$83.89
Days on Market369
Property Features for 100 Tex Pack St
General Information
Standard status
Active
Size
3,575 SF
Lot size
1.00 Acre
Taxes and HOA fees
Annual Taxes
$1,358
Listing Agency:
Real Broker, LLC
(903) 235-0063
Listed By:
Teresa Angelo · License #0637126
(903) 235-0063
Source:
Exprealty
Added: Aug 30, 2025
Changed: Aug 23
Last Checked: Sep 1 at 11:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
The subject property, located at 100 Tex Pack Street in Longview, TX, is a 3,575 square foot office/warehouse. It features multiple grade-level doors and one dock door. A small fenced yard is situated to the east of the building. The property includes an adjacent acre of land to the south and west, offering frontage on Lake Lamond. The site is located near the western entrance of the Gregg County Fairgrounds.
Key Highlights
- 3,575 Sqft Office/Warehouse space.
- Includes an adjacent acre of land with frontage on Lake Lamond.
- Multiple grade‑level doors and one dock door.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,160
$507.2K
Cap Rate 7%
$362,257
$362.3K
Cap Rate 9%
$281,756
$281.8K
Market Conditions
NOI Build-Up for 3,575 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.6K $9.12/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$29.8K $8.34/SF
− OpEx
−$4.5K −$1.25/SF
NOI
$25.4K $7.09/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,160
Cap Rate 7%
$362,257
Cap Rate 9%
$281,756
Alternative Uses
Best Use
Office B
$854.3K
$747.5K – $996.7K
NOI $59,799 @ 7.0% cap · market cap 19.94%
Second Best
Warehouse
$362.3K
$317.0K – $422.6K
NOI $25,358 @ 7.0% cap · market cap 8.46%
Theoretical Best
Hotel Hospitality
$2.69M
$2.36M – $3.14M
NOI $188,492 @ 7.0% cap · market cap 62.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75604, TX
30,752
Population
13,579
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
44.1 sq mi
ZIP Area
697
Density / Sq Mi
$67,826
Median Household Income
$40,484
Median Earnings
$1,058
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PODS Moving & Storage — 1601 W Cotton St, Longview, TX 75604
- SecurCare Self Storage — 1005A W Cotton St, Longview, TX 75604
Frequently Asked Questions
What type of property is this?
Warehouse - 3,575 SF office/warehouse with fenced yard and extra land.
Where is this warehouse located?
The property is located at 100 Tex Pack St Longview, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,575 Sqft Office/Warehouse space.; Includes an adjacent acre of land with frontage on Lake Lamond.; Multiple grade‑level doors and one dock door.
