Freestanding Storefront
For Sale
Contact for pricing
3408 N FOURTH ST, Longview, TX 75605
Open-plan commercial building with a modern interior and signage infrastructure for retail or office use.
Property Size7,572 SF
Lot Size0.78 Acres
Price / SF$224.51
Days on Market67
Property Features for 3408 N FOURTH ST
General Information
Standard status
Active
Size
7,572 SF
Lot size
0.78 Acres
Property subtype
Retail, Office
Additional Details
Pylon Signage
Yes
Building Details
Buildings
1
Listing Agency:
JBK Enterprises
Listed By:
John King · License #TX
(903) 753-2350
Source:
Crexi
Added: Aug 11
Changed: Oct 10
Last Checked: Oct 14 at 10:31PM
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 JBK Enterprises
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Investment Insights
Based on property information with market context.
This freestanding commercial property contains 7,572 square feet on a .78-acre site. Its interior features an open layout and modern buildout, providing a flexible foundation for retail or office occupancy. The property is also suited to division into multiple tenant areas, including professional or medical office configurations.
Pylon and monument signage are included among the exterior improvements. The property is located at 3408 N FOURTH ST, Longview, TX 75605, and is offered for sale.
Pylon and monument signage are included among the exterior improvements. The property is located at 3408 N FOURTH ST, Longview, TX 75605, and is offered for sale.
Key Highlights
- 7,572 SF freestanding commercial building
- Situated on .78 acres
- Open interior layout with modern buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,657
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,140
$2.5M
Cap Rate 7%
$1,809,386
$1.8M
Cap Rate 9%
$1,407,300
$1.4M
Market Conditions
NOI Build-Up for 7,572 SF
Gross rent
$232.6K $30.72/SF
− Vacancy
−$63.7K −$8.42/SF
EGI
$168.9K $22.30/SF
− OpEx
−$42.2K −$5.58/SF
NOI
$126.7K $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%
$2,533,140
Cap Rate 7%
$1,809,386
Cap Rate 9%
$1,407,300
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,657 @ 7.0% cap · market cap 7.45%
Second Best
Retail
$1.47M
$1.28M – $1.71M
NOI $102,565 @ 7.0% cap · market cap 6.03%
Theoretical Best
Hotel Hospitality
$5.70M
$4.99M – $6.65M
NOI $399,234 @ 7.0% cap · market cap 23.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- BellaCandela Floral Design & Co. — 414 E Loop 281 suite 24, Longview, TX 75605
- Sam's Club Floral — 3310 N Fourth St, Longview, TX 75605
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial building with a modern interior and signage infrastructure for retail or office use.
Where is this storefront property located?
The property is located at 3408 N FOURTH ST Longview, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,572 SF freestanding commercial building; Situated on .78 acres; Open interior layout with modern buildout
