Fully Leased Retail Shopping
1013 WAL ST, Longview, TX 75605
For Sale
Contact for pricing
The property is zoned Heavy Commercial and sits within a larger retail development with shared parking.
Property Size18,436 SF
Price / SF$214.25
Days on Market13
Property Features for 1013 WAL ST
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Financials
Asking Price
Cap Rate
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Beer Wells Real Estate Services – East Texas, Inc.
Listed By:
Walter Northcutt · License TX #510190
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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 Beer Wells Real Estate Services – East Texas, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail shopping center encompasses approximately 18,436 SF and is fully occupied. Its tenant roster includes Sherwin-Williams, Bearded Monkey, Lavish Spa & Lounge, and Salon A. The property is zoned Heavy Commercial and is part of a larger retail development with approximately 385 parking spaces and a 4.41 parking ratio.
The center is located between N Eastman Road and Fourth Street in Longview. Nearby retailers and restaurants include Walmart Supercenter, Sam’s Club, Lowe’s, Starbucks, Chick-fil-A, and Home Depot.
The center is located between N Eastman Road and Fourth Street in Longview. Nearby retailers and restaurants include Walmart Supercenter, Sam’s Club, Lowe’s, Starbucks, Chick-fil-A, and Home Depot.
Key Highlights
- Approximately 18,436 SF of fully occupied retail space
- Tenants include Sherwin‑Williams, Bearded Monkey, Lavish Spa & Lounge, and Salon A
- Heavy Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,720
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,994,400
$5.0M
Cap Rate 7%
$3,567,429
$3.6M
Cap Rate 9%
$2,774,667
$2.8M
Market Conditions
NOI Build-Up for 18,436 SF
Gross rent
$378.3K $20.52/SF
− Vacancy
−$21.6K −$1.17/SF
EGI
$356.7K $19.35/SF
− OpEx
−$107.0K −$5.81/SF
NOI
$249.7K $13.55/SF
Area
Gregg County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,994,400
Cap Rate 7%
$3,567,429
Cap Rate 9%
$2,774,667
Alternative Uses
Best Use
Retail
$3.57M
$3.12M – $4.16M
NOI $249,720 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.49M
$5.67M – $7.57M
NOI $453,968 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — 515 E Loop 281, Longview, TX 75605
- Longview Towne Crossing — 3092 N Eastman Rd, Longview, TX 75605
Frequently Asked Questions
What type of property is this?
Shopping center - The property is zoned Heavy Commercial and sits within a larger retail development with shared parking.
Where is this shopping center located?
The property is located at 1013 WAL ST Longview, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 18,436 SF of fully occupied retail space; Tenants include Sherwin‑Williams, Bearded Monkey, Lavish Spa & Lounge, and Salon A; Heavy Commercial zoning
