Longview Medical Office For
2010 Bill Owens Pkwy Longview, TX
For Sale
Contact for pricing
Single tenant medical office building in Longview, Texas.
Property Size7,137 SF
Lot Size1.33 Acres
Price / SF$271.39
Days on Market532
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
(325) 513-6406
Listed By:
Chance Hales · License #697980
(806) 679-9776
Source:
Moodyscre
Added: Feb 7, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:43AM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.2k | $21.60 |
| − Vacancy | −$20.7k | −$2.89 |
| EGI | $133.5k | $18.71 |
| − OpEx | −$53.4k | −$7.48 |
| NOI | $80.1k | $11.22 |
7,137 SF · lease $21.60/SF/yr · vacancy 13.40% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$1.00M – $1.34M
NOI $80,101 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.38M
$4.70M – $6.27M
NOI $376,298 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CHRISTUS Trinity Clinic
Physician
Ketki Chinmay Patel
Pediatrician
Rebekah Taylor, FNP-C
Pediatrician
Now Care
Medical Clinic
Ketki Patel, MD
Pediatrician
FAQs
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 $1,936,915.
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
