Industrial Flex Campus with
For Sale
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320 E Methvin St & 325 E Tyler St, Longview, TX 75601
Two-building office/industrial campus with dock-high loading, sprinkler coverage, and a paved lot for scalable yard use.
Property Size124,417 SF
Price / SF$75.53
Days on Market226
Property Features for 320 E Methvin St & 325 E Tyler St
General Information
Standard status
Active
Size
124,417 SF
Class
B
Total Parking Spaces
73
Property subtype
Office, Industrial
Zoning
IND PK (Industrial Park)
Occupancy
50%
Lease Type
NNN
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Cap Rate
7.25%
Building Details
Year Built
1942
Year Renovated
2007
Buildings
2
Tenancy
Multi
Listing Agency:
DWG Capital Group
Listed By:
Judd Dunning · License #CA 01520854
(310) 261-8428
Source:
Crexi
Added: Mar 11
Changed: Oct 18
Last Checked: Oct 20 at 8:37PM
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 DWG Capital Group
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Investment Insights
Based on property information with market context.
An office/industrial campus totaling approximately 124,417 SF, plus an additional approximately 1.22-acre paved lot, is available for lease or sale. The property was formerly used as a corporate headquarters and industrial production campus and now offers two building options with functional improvements for a range of operations.
Building 1 measures approximately 59,450 SF and is available for immediate lease-up, featuring 18-foot clear heights, dock-high loading, and full sprinkler coverage. Building 1 is also supported by approximately 1,000 to 1,200 amp 277/480V three-phase electrical service. Building 2 totals approximately 64,967 SF and is partially income-producing multi-function office space under existing subtenancy during a master lease transition, with an Assignor Guarantor obligation through November 2028.
Direct I-20 access and the convergence of U.S. Routes 31/80/259 support regional connectivity, with the nearest Union Pacific rail yard approximately 2 miles away and the East Texas Regional Airport in close proximity.
Building 1 measures approximately 59,450 SF and is available for immediate lease-up, featuring 18-foot clear heights, dock-high loading, and full sprinkler coverage. Building 1 is also supported by approximately 1,000 to 1,200 amp 277/480V three-phase electrical service. Building 2 totals approximately 64,967 SF and is partially income-producing multi-function office space under existing subtenancy during a master lease transition, with an Assignor Guarantor obligation through November 2028.
Direct I-20 access and the convergence of U.S. Routes 31/80/259 support regional connectivity, with the nearest Union Pacific rail yard approximately 2 miles away and the East Texas Regional Airport in close proximity.
Key Highlights
- Two‑building office/industrial campus at 320 E Methvin St and 325 E Tyler St, Longview, TX 75601, with 124,417 SF improvements plus a ±1.22‑acre paved lot
- Building 1: 59,450 SF with 18‑foot clear height, dock‑high loading, and full sprinkler coverage
- Building 1 power: 1,000 to 1,200 amp 277/480V three‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$726,764
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,535,280
$14.5M
Cap Rate 7%
$10,382,343
$10.4M
Cap Rate 9%
$8,075,156
$8.1M
Market Conditions
NOI Build-Up for 124,417 SF
Gross rent
$1.13M $9.12/SF
− Vacancy
−$96.4K −$0.78/SF
EGI
$1.04M $8.34/SF
− OpEx
−$311.5K −$2.50/SF
NOI
$726.8K $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%
$14,535,280
Cap Rate 7%
$10,382,343
Cap Rate 9%
$8,075,156
Alternative Uses
Best Use
Office B
$29.73M
$26.01M – $34.69M
NOI $2,081,128 @ 7.0% cap · market cap 22.15%
Second Best
Warehouse
$12.61M
$11.03M – $14.71M
NOI $882,500 @ 7.0% cap · market cap 9.39%
Theoretical Best
Hotel Hospitality
$93.71M
$82.00M – $109.33M
NOI $6,559,886 @ 7.0% cap · market cap 69.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75601, TX
15,813
Population
6,545
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
9.1 sq mi
ZIP Area
1,738
Density / Sq Mi
$63,279
Median Household Income
$35,505
Median Earnings
$910
Median Rent
$193,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building office/industrial campus with dock-high loading, sprinkler coverage, and a paved lot for scalable yard use.
Where is this flex space located?
The property is located at 320 E Methvin St & 325 E Tyler St Longview, TX.
What is the asking price?
The asking price for this property is $9,397,000.
What are key features of this property?
This property features: Two‑building office/industrial campus at 320 E Methvin St and 325 E Tyler St, Longview, TX 75601, with 124,417 SF improvements plus a ±1.22‑acre paved lot; Building 1: 59,450 SF with 18‑foot clear height, dock‑high loading, and full sprinkler coverage; Building 1 power: 1,000 to 1,200 amp 277/480V three‑phase electrical service
