Versatile Commercial Building with
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1705 S Mobberly Ave., Longview, TX 75602
2000 SF commercial building near LeTourneau University with drive-through.
Property Size2,000 SF
Price / SF$99.50
Days on Market231
Property Features for 1705 S Mobberly Ave.
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Special Purpose
Building Details
Year Built
1994
Listing Agency:
Coldwell Banker Commercial Lenhart Properties, Inc.
Listed By:
JACK LENHART · License #TX
(903) 753-0047
Source:
Crexi
Added: Feb 18
Changed: Oct 2
Last Checked: Oct 5 at 4:56PM
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 Coldwell Banker Commercial Lenhart Properties, Inc.
Investment Insights
Based on property information with market context.
Located on South Mobberly Avenue, this 2000-square-foot building is situated minutes from LeTourneau University. The property, previously used as a dry cleaner, features a lobby area with a small office. The warehouse area includes high ceilings for ample clearance. A drive-through is already in place. This Longview location offers potential for various business ventures.
Key Highlights
- Located minutes from LeTourneau University.
- Existing drive‑through.
- 2000 square feet of space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,186
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,720
$283.7K
Cap Rate 7%
$202,657
$202.7K
Cap Rate 9%
$157,622
$157.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$18.2K $9.12/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$16.7K $8.34/SF
− OpEx
−$2.5K −$1.25/SF
NOI
$14.2K $7.09/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,720
Cap Rate 7%
$202,657
Cap Rate 9%
$157,622
Alternative Uses
Best Use
Specialty Retail
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 17.61%
Second Best
Retail
$387.0K
$338.6K – $451.5K
NOI $27,091 @ 7.0% cap · market cap 13.61%
Theoretical Best
Hotel Hospitality
$1.51M
$1.32M – $1.76M
NOI $105,450 @ 7.0% cap · market cap 52.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75602, TX
22,041
Population
8,131
Households
2.7
Avg Household Size
33
Median Age
14%
College-Educated
79%
High-School Grad
51.9 sq mi
ZIP Area
425
Density / Sq Mi
$56,659
Median Household Income
$30,199
Median Earnings
$970
Median Rent
$122,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Tienda Flores — 1810 S Mobberly Ave, Longview, TX 75602
Frequently Asked Questions
What type of property is this?
Storefront property - 2000 SF commercial building near LeTourneau University with drive-through.
Where is this storefront property located?
The property is located at 1705 S Mobberly Ave. Longview, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Located minutes from LeTourneau University.; Existing drive‑through.; 2000 square feet of space.
