Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    420 N Eastman Rd Longview, TX 75601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Commercial land with high traffic and retail potential.

    Property Features for 420 N Eastman Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Bud Summers
    Bud Summers
    Source: Exprealty

    Listing Agency: Summers Cook & Company Listing Agent: Bud Summers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway 259 Road Frontage Land

    This commercial property features frontage on Highway 259 in a high-traffic area. The cost of driveway entrance has already been covered. Suited for retail or commercial development, the property benefits from a Reciprocal Easement Agreement with Fastenal. Prospective buyers are advised to verify the location of all utilities before finalizing the purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fastenal Fulfillment Center Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7089862
    Latitude
    32.501034

    Nearby Similar for Sale

    • $850,000
      5,225 SF

      Turnkey Mechanic Shop on Marshall

      Fully equipped mechanic shop on a high-traffic corridor.
      4900 W Marshall Ave, Longview, TX 75604
      View Details
    • $425,000
      6,800 SF

      Remodeled Office/Warehouse in Longview, TX

      6,800 sq ft office/warehouse with modern updates and loading dock.
      342 W Cotton St, Longview, TX 75602
      View Details
    • $525,000
      3,800 SF

      Longview Commercial Property with Income

      Versatile commercial property with shop and office space in Longview.
      2122 Horton St, Longview, TX 75602
      View Details
    • $550,000
      862 SF

      Turnkey Business Opportunity Near I-20

      Established drive-thru business or real estate opportunity near Interstate 20.
      3020 S Eastman Rd, Longview, TX 75602
      View Details
    • $550,000
      862 SF

      Established Drive-Thru Business Opportunity

      Turnkey drive-thru business with high visibility and income potential.
      3020 S Eastman Rd, Longview, TX 75602
      View Details
    • $295,000
      2,528 SF

      Versatile Commercial Property in Longview

      2,528 sq ft commercial property in a high-traffic area.
      1505 E Marshall Ave, Longview, TX 75601
      View Details
    • $1,550,000
      34,200 SF

      Downtown Longview School Campus Opportunity

      Full school campus in the heart of Downtown Longview, Texas.
      500 E Magrill St, Longview, TX 75601
      View Details
    • $3,051,600
      12,715 SF

      Retail Building on Loop 281

      Retail property with high visibility and strong retailer demand.
      1310 Loop 281 NW, Longview, TX 75604
      View Details
    • $745,000
      0.26 Acres

      Longview Commercial Building on Judson

      Contemporary, upgraded commercial building on a high-visibility corridor.
      4406 Judson Rd, Longview, TX 75605
      View Details
    • $595,000
      9,000 SF

      Longview Commercial Property on Loop

      Commercial property with showroom, offices, warehouses, and expansion potential.
      5105 Loop 281 W, Longview, TX 75604
      View Details
    • $425,000
      0.26 Acres

      Longview Office Building For Sale

      Office building in north Longview with long-term tenants.
      3110 Gilmer Rd, Longview, TX 75604
      View Details
    • $1,550,000
      3.89 Acres

      Downtown Longview School Campus Opportunity

      Full school campus in Downtown Longview, Texas for sale.
      500 E Magrill St, Longview, TX 75601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic and retail potential.
    Where is this commercial land located?
    The property is located at 420 N Eastman Rd Longview, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - High traffic location on Hwy 259, ideal for retail or commercial use.; - Driveway entrance cost already covered, reducing initial investment.; - Suitable for new construction, offering flexibility in design.
    (903) 240-0095
    Request Owner's contact information
    420 N Eastman Rd Longview, TX 75601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 N Eastman Rd
    Longview, TX 75601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    420 N Eastman Rd Longview, TX 75601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bud Summers
    Bud Summers
    Real Estate License ID: 0465098
    (903) 240-0095 (903) 757-8686
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!