Drive-Through Auto
2903 Estes Parkway, Longview, TX 75602
For Sale
New
$379,000
Commercial zoning and access from both Estes Parkway and LeTourneau Drive support automotive service operations.
Property Size2,590 SF
Days on Market2
Property Features for 2903 Estes Parkway
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Automotive Uses
Amenities
office
reception area
storage
drive-thru
Building Details
Building Size
Listing Agency:
Coldwell Banker Lenhart
Listed By:
Stephen Skinner · License #694866
(903) 240-0168
Source:
Cbcworldwide
Added: Nov 6
Last Checked: Nov 6 at 2:43PM
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 Lenhart
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Investment Insights
Based on property information with market context.
Configured for automotive service, the property includes six overhead doors, each arranged for drive-through access. Interior space comprises an office, reception area, two restrooms, and storage distributed across the upper and lower levels. The building was first used for quick oil changes and is now occupied by a detailing and auto repair shop.
The property has entry access from both Estes Parkway and LeTourneau Drive and is zoned Commercial.
The property has entry access from both Estes Parkway and LeTourneau Drive and is zoned Commercial.
Key Highlights
- Six overhead doors with drive‑through access
- Office and reception area, two restrooms, and storage on both levels
- Entry access from Estes Parkway and LeTourneau Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,129
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,580
$302.6K
Cap Rate 7%
$216,129
$216.1K
Cap Rate 9%
$168,100
$168.1K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$23.6K $9.12/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$21.6K $8.34/SF
− OpEx
−$6.5K −$2.50/SF
NOI
$15.1K $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%
$302,580
Cap Rate 7%
$216,129
Cap Rate 9%
$168,100
Alternative Uses
Best Use
Retail
$501.2K
$438.5K – $584.7K
NOI $35,082 @ 7.0% cap · market cap 9.26%
Second Best
Industrial
$216.1K
$189.1K – $252.2K
NOI $15,129 @ 7.0% cap · market cap 3.99%
Theoretical Best
Hotel Hospitality
$1.95M
$1.71M – $2.28M
NOI $136,558 @ 7.0% cap · market cap 36.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- C & K Truck and Trailer Repair — 601 N Access Rd, Longview, TX 75602
- K-Kwik Tire Shop — 2800 S Green St, Longview, TX 75602
- Costa Oil - 10 Minute Oil Change - Longview — 2903 Estes Pkwy, Longview, TX 75602
- Auto Transmissions Arroyo — 2910 Estes Pkwy, Longview, TX 75602
- All Ready Paint and Body — 5383 W Loop 281 S, Longview, TX 75603
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial zoning and access from both Estes Parkway and LeTourneau Drive support automotive service operations.
Where is this auto shop located?
The property is located at 2903 Estes Parkway Longview, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Six overhead doors with drive‑through access; Office and reception area, two restrooms, and storage on both levels; Entry access from Estes Parkway and LeTourneau Drive
