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    Longview Office Building Investment Title is generated by Realmo AI

    3110 GILMER RD, Longview, TX 75604

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    For Sale
    $425,000

    COMMERCIAL - Longview, TX

    Type:Office
    Property size:
    3,500 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $121/SF
    Added:
    Dec 9, 2025
    Days on Market:
    163
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 3110 GILMER RD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Mark Coleman

    Listing agent Mark Coleman License #0387775

    Listing office TX Farms & Ranches/Park Village 4138 US Hwy 259, LONGVIEW, TX

    Listing date Dec 9, 2025

    MLS# 20258231

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent investment opportunity with long‑term tenants.
    • Two established tenants, one with a lease expiring in August 2027, and the other willing to sign a new lease.
    • Prime location in North Longview.
    • Building includes a 1500 sq ft medical office with 5 exam rooms.
    • Additional 2000 sq ft space with 5 offices, reception area, and kitchen/breakroom.
    • Recent upgrades include a resurfaced parking lot (2018), new roof (2020), and new A/C units (2025).

    Overview

    This commercial property in North Longview presents an investment opportunity. The office building, available for the first time in almost 25 years, features two long-term tenants who have occupied the space for over 20 years. One side of the building comprises a 1,500-square-foot medical office with five exam rooms, an office, and a reception area. Adjacent to this is a 2,000-square-foot space containing five offices, a reception/waiting area, and a kitchen/breakroom. The smaller side's lease expires in August 2027, while the larger side is currently month-to-month but is willing to sign a new lease with the new owner. The parking lot was resurfaced in 2018, and a new roof was installed in 2020. New A/C units were installed in 2025. The property is located on Gilmer Road in Longview, Texas, and occupies a lot of 0.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farris Chiropractic Alternative Medicine Practice Gearald Farris Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7953405
    Latitude
    32.5436573

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    FAQs

    What type of property is this?
    Office building - North Longview office building with long-term tenants.
    Where is this office building located?
    The property is located at 3110 GILMER RD Longview, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Excellent investment opportunity with long‑term tenants.; Two established tenants, one with a lease expiring in August 2027, and the other willing to sign a new lease.; Prime location in North Longview.
    (903) 738-9420
    We can help!
    Listing Contact
    Mark Coleman
    Real Estate License ID: 0387775
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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