Salon-Configured Retail
New
For Sale
$435,000
3604 Gilmer Rd, Longview, TX 75604
Five private rooms, a lobby, kitchen, laundry room, and two bathrooms support the existing salon layout.
Property Size1,784 SF
Lot Size1.96 Acres
Price / SF$243.83
Days on Market2
Property Features for 3604 Gilmer Rd
General Information
Standard status
Active
Size
1,784 SF
Total Parking Spaces
11
Lot size
1.96 Acres
Property subtype
Building
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Amenities
five private rooms
two bathrooms
welcoming lobby
kitchen
laundry room
covered porches
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
East Texas Preferred Properties
Listed By:
Brandi Willeford · License #0681627
(903) 805-4406
Source:
Searsrealty
Added: Nov 1
Last Checked: Nov 1 at 3:23PM
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 East Texas Preferred Properties
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Investment Insights
Based on property information with market context.
Configured for salon use, the 1,784-square-foot retail property includes five private rooms, two bathrooms, a lobby, kitchen, and laundry room. All stylist suites are leased, and the property is currently operating as a salon. Recent work includes new interior flooring, plumbing fixtures, paint, and lighting.
The 1.96-acre site also has approximately 518 square feet of covered porches and approximately 6,000 square feet of paved parking, with 11 striped surface spaces. Together, the interior rooms and on-site parking provide the physical setup currently used by the salon.
The 1.96-acre site also has approximately 518 square feet of covered porches and approximately 6,000 square feet of paved parking, with 11 striped surface spaces. Together, the interior rooms and on-site parking provide the physical setup currently used by the salon.
Key Highlights
- 1,784‑square‑foot retail property on 1.96 acres
- All stylist suites are currently leased
- Five private rooms, two bathrooms, lobby, kitchen, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,165
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,300
$483.3K
Cap Rate 7%
$345,214
$345.2K
Cap Rate 9%
$268,500
$268.5K
Market Conditions
NOI Build-Up for 1,784 SF
Gross rent
$36.6K $20.52/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$34.5K $19.35/SF
− OpEx
−$10.4K −$5.81/SF
NOI
$24.2K $13.55/SF
Area
Gregg County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,300
Cap Rate 7%
$345,214
Cap Rate 9%
$268,500
Alternative Uses
Best Use
Retail
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.34M
$1.18M – $1.57M
NOI $94,061 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
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Business Placement
Demographics for 75604, TX
30,752
Population
13,579
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
44.1 sq mi
ZIP Area
697
Density / Sq Mi
$67,826
Median Household Income
$40,484
Median Earnings
$1,058
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Five private rooms, a lobby, kitchen, laundry room, and two bathrooms support the existing salon layout.
Where is this retail space located?
The property is located at 3604 Gilmer Rd Longview, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,784‑square‑foot retail property on 1.96 acres; All stylist suites are currently leased; Five private rooms, two bathrooms, lobby, kitchen, and laundry room
