Renovated Flex Space with Secure
For Sale
Contact for pricing
344 W Cotton Street, Longview, TX 75601
Two-building light industrial property with updated interiors, fenced yard space, and access to three major highways.
Property Size7,165 SF
Price / SF$58.48
Days on Market106
Property Features for 344 W Cotton Street
General Information
Standard status
Active
Size
7,165 SF
Property subtype
Industrial, Office
Zoning
Light Industrial
Investment Type
Owner/User
Building Details
Year Renovated
2023
Buildings
2
Listing Agency:
Eberhart-Miller Real Estate Services
Listed By:
Dustin Eberhart · License #649293
(903) 736-1740
Source:
Crexi
Added: Jul 7
Changed: Oct 20
Last Checked: Oct 19 at 5:20AM
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 Eberhart-Miller Real Estate Services
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Investment Insights
Based on property information with market context.
This flex space offering includes approximately 7,165 SF across two buildings, combining industrial and office areas within a light industrial setting. The interiors have been renovated, while exterior improvements and HVAC work were completed in 2023. Perimeter fencing encloses secure yard space for added site functionality.
The property is positioned in Longview, Texas, with access to Interstate 20, Highway 80, and Highway 31. Its two-building configuration and blend of office and industrial areas support a range of owner-user or user/investor applications.
The property is positioned in Longview, Texas, with access to Interstate 20, Highway 80, and Highway 31. Its two-building configuration and blend of office and industrial areas support a range of owner-user or user/investor applications.
Key Highlights
- Approximately 7,165 SF across two buildings
- Renovated interiors with exterior and HVAC work completed in 2023
- Perimeter fencing and secure yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,262
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,240
$685.2K
Cap Rate 7%
$489,457
$489.5K
Cap Rate 9%
$380,689
$380.7K
Market Conditions
NOI Build-Up for 7,165 SF
Gross rent
$57.6K $8.04/SF
− Vacancy
−$4.9K −$0.68/SF
EGI
$52.7K $7.36/SF
− OpEx
−$18.4K −$2.57/SF
NOI
$34.3K $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%
$685,240
Cap Rate 7%
$489,457
Cap Rate 9%
$380,689
Alternative Uses
Best Use
Office B
$1.71M
$1.50M – $2.00M
NOI $119,849 @ 7.0% cap · market cap 28.60%
Second Best
Warehouse
$726.0K
$635.3K – $847.0K
NOI $50,822 @ 7.0% cap · market cap 12.13%
Theoretical Best
Hotel Hospitality
$5.40M
$4.72M – $6.30M
NOI $377,775 @ 7.0% cap · market cap 90.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,186
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-building light industrial property with updated interiors, fenced yard space, and access to three major highways.
Where is this flex space located?
The property is located at 344 W Cotton Street Longview, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Approximately 7,165 SF across two buildings; Renovated interiors with exterior and HVAC work completed in 2023; Perimeter fencing and secure yard space
