Building Details

Building Size 5,000 SF

Buildings 1

Tenancy Single

Listing Agency: Scarborough Commercial Real Estate

Listed By: Samuel Scarborough, CCIM · License #687976 Show Phone

Source: Commercialcafe

Added: Sep 7 Changed: Sep 25 Last Checked: Oct 5 at 3:39PM

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Investment Insights

Based on property information with market context.

This flex property combines a 5,000 SF professional office component with a connected 2,500 SF warehouse. The office layout includes 10 offices, a reception area, conference room, breakroom, 3 restrooms, and 2 storage areas. The warehouse provides 2 overhead doors measuring 12' x 12' each and connects directly to the office portion, creating an integrated work environment within a single-tenant building.

Located in Lake Harris Business Park at 1907 E US Hwy 80 in White Oak, the property fronts US Hwy 80, a primary east-west route serving White Oak, Longview, and nearby communities in Gregg County. The corridor records 16,514 VPD, providing measurable exposure for an owner-user or investor evaluating a combined office and warehouse asset.

Key Highlights

• 7,500 SF combined office and warehouse building
• 5,000 SF office with 10 offices, reception, conference room, breakroom, 3 restrooms, and 2 storage areas
• 2,500 SF warehouse connected directly to the office area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,810

Cap Rate

7.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$876,200 $876.2K

Cap Rate 7%

$625,857 $625.9K

Cap Rate 9%

$486,778 $486.8K

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$68.4K $9.12/SF

− Vacancy

−$5.8K −$0.78/SF

EGI

$62.6K $8.34/SF

− OpEx

−$18.8K −$2.50/SF

NOI

$43.8K $5.84/SF

Area

Gregg County, TX

Vacancy

8.50%

Lease Rate

$9.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$876,200

Cap Rate 7%

$625,857

Cap Rate 9%

$486,778

Alternative Uses

Best Use

Office B

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,453 @ 7.0% cap · market cap 22.85%

Second Best

Warehouse

$760.0K

$665.0K – $886.6K (±1% cap)

NOI $53,198 @ 7.0% cap · market cap 9.69%

Theoretical Best

Hotel Hospitality

$5.65M

$4.94M – $6.59M (±1% cap)

NOI $395,438 @ 7.0% cap · market cap 72.03%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Law Firm Skin Care Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75693, TX

6,512

Population

2,366

Households

2.8

Avg Household Size

37

Median Age

19%

College-Educated

91%

High-School Grad

10.3 sq mi

ZIP Area

632

Density / Sq Mi

$86,326

Median Household Income

$36,887

Median Earnings

$1,131

Median Rent

$208,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Combined professional office and warehouse improvements with direct internal connection and overhead loading access.

Where is this flex space located?

The property is located at 1907 E US Hwy 80 White Oak, TX.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: 7,500 SF combined office and warehouse building; 5,000 SF office with 10 offices, reception, conference room, breakroom, 3 restrooms, and 2 storage areas; 2,500 SF warehouse connected directly to the office area