New Construction Flex
For Sale
$4,200,000
2302 Neiman Marcus Pkwy, Longview, TX 75602
Industrial facility with secured yard, office support, specialized shop improvements, and crane-served warehouse space.
Property Size13,782 SF
Price / SF$304.75
Days on Market49
Property Features for 2302 Neiman Marcus Pkwy
General Information
Standard status
Active
Size
13,782 SF
Property subtype
Industrial
Listing Agency:
Drake Real Estate & Investments
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Draketexas
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 5 at 5:11PM
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 Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
Completed in 2025, this flex property combines office, warehouse, and industrial service areas within a single facility. The 2,000-square-foot office component includes four offices, reception, a conference room, copy room, kitchen, locker room, and breakroom. The 9,882-square-foot warehouse includes a paint booth, wash bay, pull-through bays, a 10-ton bridge crane, and two 2-ton jib cranes. A 1,900-square-foot mezzanine provides additional office and breakroom space.
The property is located in Longview EDC Industrial Park at 2302 Neiman Marcus Pkwy, Longview, TX 75602. Exterior features include a rocked yard, security fencing, and an electronic gate, with excess yard area available.
The property is located in Longview EDC Industrial Park at 2302 Neiman Marcus Pkwy, Longview, TX 75602. Exterior features include a rocked yard, security fencing, and an electronic gate, with excess yard area available.
Key Highlights
- 13,782 SF total property size
- 2,000 SF office area with four offices, reception, conference room, copy room, and kitchen
- 9,882 SF warehouse with paint booth, locker room, wash bay, and pull‑through bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,532
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,610,640
$4.6M
Cap Rate 7%
$3,293,314
$3.3M
Cap Rate 9%
$2,561,467
$2.6M
Market Conditions
NOI Build-Up for 13,782 SF
Gross rent
$423.4K $30.72/SF
− Vacancy
−$116.0K −$8.42/SF
EGI
$307.4K $22.30/SF
− OpEx
−$76.8K −$5.58/SF
NOI
$230.5K $16.73/SF
Area
Gregg County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,610,640
Cap Rate 7%
$3,293,314
Cap Rate 9%
$2,561,467
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,532 @ 7.0% cap · market cap 5.49%
Second Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,757 @ 7.0% cap · market cap 2.33%
Theoretical Best
Hotel Hospitality
$10.38M
$9.08M – $12.11M
NOI $726,656 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with secured yard, office support, specialized shop improvements, and crane-served warehouse space.
Where is this flex space located?
The property is located at 2302 Neiman Marcus Pkwy Longview, TX.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 13,782 SF total property size; 2,000 SF office area with four offices, reception, conference room, copy room, and kitchen; 9,882 SF warehouse with paint booth, locker room, wash bay, and pull‑through bays
