Longview Medical Office For
For Sale
Contact for pricing
2010 Bill Owens Pkwy, Longview, TX
Single tenant medical office building in Longview, Texas.
Property Size7,137 SF
Lot Size1.33 Acres
Price / SF$245.95
Days on Market622
Property Features for 2010 Bill Owens Pkwy
General Information
Standard status
Active
Size
7,137 SF
Lot size
1.33 Acres
Property subtype
RETAIL
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 304-8916
Listed By:
Matt Davis · License #657251
(325) 513-6406
Source:
Moodyscre
Added: Feb 7, 2025
Changed: Oct 16
Last Checked: Oct 20 at 11:38PM
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 Trinity Real Estate Investment Services - Corporate
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 medical office building is located in Longview, Texas. The property is a single-tenant building occupied by Christus Health System. The tenant recently exercised a 5-year extension. Christus Health has an "A" rating from Moody's. The property benefits from attractive 2% annual rental increases. After acquiring Good Shepherd Hospital in 2017, Christus became a dominant health care provider for Longview and East Texas, operating 8 hospitals and over 80 clinics. The building is of high-quality brick and stone construction. Over 80,000 residents live within 5 miles of the property. The property contains 7,137 square feet.
Key Highlights
- Strong Credit Single Tenant (Christus Health) MOB
- Christus Health has an "A" Rating From Moody's
- Tenant Recently Exercised 5‑Year Extension
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,101
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,020
$1.6M
Cap Rate 7%
$1,144,300
$1.1M
Cap Rate 9%
$890,011
$890.0K
Market Conditions
NOI Build-Up for 7,137 SF
Gross rent
$154.2K $21.60/SF
− Vacancy
−$20.7K −$2.89/SF
EGI
$133.5K $18.71/SF
− OpEx
−$53.4K −$7.48/SF
NOI
$80.1K $11.22/SF
Area
Gregg County, TX
Vacancy
13.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,020
Cap Rate 7%
$1,144,300
Cap Rate 9%
$890,011
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$1.00M – $1.34M
NOI $80,101 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.38M
$4.70M – $6.27M
NOI $376,298 @ 7.0% cap · market cap 21.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical space - Single tenant medical office building in Longview, Texas.
Where is this medical space located?
The property is located at 2010 Bill Owens Pkwy Longview, TX.
What is the asking price?
The asking price for this property is $1,755,330.
What are key features of this property?
This property features: Strong Credit Single Tenant (Christus Health) MOB; Christus Health has an "A" Rating From Moody's; Tenant Recently Exercised 5‑Year Extension
