Remodeled Flex Space with Loading
For Sale
$385,000
342 W Cotton, Longview, TX 75602
Updated office and warehouse configuration with dedicated reception, kitchen area, conference room, and multiple access points.
Property Size6,800 SF
Price / SF$56.58
Days on Market93
Property Features for 342 W Cotton
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Commercial
Additional Details
Dock-High Doors
1
Amenities
break area with kitchen
conference room
Building Details
Year Built
1966
Buildings
1
Building Size
6,800 SF
Listing Agency:
Ramsey Realty Group - Longview
Listed By:
Janti Patel · License #0702321
(903) 241-8955
Source:
Tylerhomeguide
Added: Aug 4
Changed: Nov 1
Last Checked: Nov 3 at 7:13AM
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 Ramsey Realty Group - Longview
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Investment Insights
Based on property information with market context.
This flex property combines refreshed office improvements with an open warehouse component. The office area includes 8 private offices, a reception and waiting area, a separate reception office, a break area with kitchen, 2 ADA-compliant restrooms, and a large conference or training room. Fresh paint and new flooring provide updated interior finishes. The warehouse offers open space for storage, equipment, or light manufacturing, with direct loading dock access and multiple entry points.
Concrete and asphalt parking is positioned at both the front and rear of the building. Originally built in 1966, the property has been freshly remodeled to support a range of office, storage, and operational needs. Its address is 342 W Cotton, Longview, TX 75602.
Concrete and asphalt parking is positioned at both the front and rear of the building. Originally built in 1966, the property has been freshly remodeled to support a range of office, storage, and operational needs. Its address is 342 W Cotton, Longview, TX 75602.
Key Highlights
- 6,800 Sq. Ft. office and warehouse building
- 8 private offices plus reception and waiting areas
- 2 ADA‑compliant restrooms and a large conference or training room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,540
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,800
$650.8K
Cap Rate 7%
$464,857
$464.9K
Cap Rate 9%
$361,556
$361.6K
Market Conditions
NOI Build-Up for 6,805 SF
Gross rent
$54.7K $8.04/SF
− Vacancy
−$4.7K −$0.68/SF
EGI
$50.1K $7.36/SF
− OpEx
−$17.5K −$2.57/SF
NOI
$32.5K $4.78/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,800
Cap Rate 7%
$464,857
Cap Rate 9%
$361,556
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,828 @ 7.0% cap · market cap 29.57%
Second Best
Warehouse
$689.5K
$603.4K – $804.5K
NOI $48,268 @ 7.0% cap · market cap 12.54%
Theoretical Best
Hotel Hospitality
$5.13M
$4.48M – $5.98M
NOI $358,794 @ 7.0% cap · market cap 93.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,186
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 Office in South region
Similar Off Market Nearby
- Tuscan Pig Italian Kitchen — 401 S High St, Longview, TX 75601
- TCW chicken and more — 314 W Cotton St, Longview, TX 75601
Frequently Asked Questions
What type of property is this?
Flex space - Updated office and warehouse configuration with dedicated reception, kitchen area, conference room, and multiple access points.
Where is this flex space located?
The property is located at 342 W Cotton Longview, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 6,800 Sq. Ft. office and warehouse building; 8 private offices plus reception and waiting areas; 2 ADA‑compliant restrooms and a large conference or training room
