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    Versatile Commercial Property For Sale Title is generated by Realmo AI

    1518 Colony Circle, Longview, TX 75604

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    For Sale
    $620,000

    Functional commercial property with office, shop, and yard space.

    Type:Commercial
    Property size:
    3,134 SF
    Price / SF:
    $197/SF
    Added:
    Apr 22, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 22 at 5:18 pm

    Property Features for 1518 Colony Circle

    General Information

    Standard status
    Active
    Size
    3,134 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

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    Listing Contact
    Julie Woods

    Listing agent Julie Woods

    Listing office Julie Woods & Associate RE Fir

    Listing date Apr 22, 2026

    Source Signaturere

    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 Julie Woods & Associate RE Fir

    HighLights

    • Versatile commercial property suitable for industrial, service, logistics, or contractor operations.
    • Functional layout with office space, shop space, and yard utility.
    • Integrated camera system with 360‑degree interior and exterior coverage.
    • Flexible office configurations and efficient workspace design.
    • Shop and yard components for equipment access, storage, and workflow flexibility.
    • Modern systems including integrated fire alarm system and Starlink installation.

    Overview

    This versatile commercial property offers functionality, infrastructure, and expansion potential. The site combines office space, shop space, and yard utility suitable for industrial, service, logistics, or contractor operations. The interior includes carpeted offices and a main work area with concrete floors, designed to support daily business operations. An integrated camera system provides 360-degree interior and exterior coverage, offering visibility over the shop, trucks, and surrounding areas, complemented by a built-in monitoring setup. The space features flexible office configurations, a sales counter area, and workspaces for management and operations. Glass writing surfaces create a planning system. Additional features include a refrigerator area, an integrated fire alarm system, and Starlink installation. The shop and yard components provide utility for businesses requiring equipment access, storage, workflow flexibility, and operational capacity. This property is suitable for an owner occupant or investor seeking a usable commercial asset with modern systems. The property size is 3134 square feet.

    Local Financial Insights For Office B

    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 $96.3k $30.72
    − Vacancy −$26.4k −$8.42
    EGI $69.9k $22.30
    − OpEx −$17.5k −$5.58
    NOI $52.4k $16.73
    3,134 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $748.9K
    $655.3K – $873.7K (±1% cap)
    NOI $52,423 @ 7.0% cap · market cap 8.46%
    Second Best
    Warehouse
    $317.6K
    $277.9K – $370.5K (±1% cap)
    NOI $22,230 @ 7.0% cap · market cap 3.59%
    Theoretical Best
    Hotel Hospitality
    $2.36M
    $2.07M – $2.75M (±1% cap)
    NOI $165,240 @ 7.0% cap · market cap 26.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shoco Production, LLC Oil & Natural Gas Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.771644
    Latitude
    32.511551

    FAQs

    What type of property is this?
    Flex space - Functional commercial property with office, shop, and yard space.
    Where is this flex space located?
    The property is located at 1518 Colony Circle Longview, TX.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Versatile commercial property suitable for industrial, service, logistics, or contractor operations.; Functional layout with **office space, shop space, and yard utility**.; Integrated camera system with **360‑degree interior and exterior coverage**.
    More about this property
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