Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Heavy Commercial Land Lot Title is generated by Realmo AI

    3605 S Eastman Road, Longview, TX 75602

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Vacant lot on South Eastman Road with heavy commercial zoning for flexible development possibilities.

    Type:Land
    Lot size:
    0.24 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 7:02 am

    Property Features for 3605 S Eastman Road

    General Information

    Standard status
    Active
    Lot size
    0.24 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    TANGA HANCOCK

    Listing agent TANGA HANCOCK License #TX

    Listing office Coldwell Banker Lenhart Properties Inc.

    Listing date Jun 3, 2026

    Source Crexi

    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 Coldwell Banker Lenhart Properties Inc.

    HighLights

    • 0.24‑acre vacant commercial lot at 3605 South Eastman Road (Longview, TX)
    • Located on South Eastman Road with State Highway frontage
    • Heavy commercial zoning for flexible commercial development
    • Quick access to Interstate 20
    • Utilities reported nearby

    Overview

    This offering is a vacant commercial land lot totaling 0.24 acres, located on South Eastman Road in Longview. The property is positioned for prospective development with heavy commercial zoning, providing flexibility for a range of commercial uses subject to local requirements.

    The lot fronts South Eastman Road, which is identified in the remarks as a heavily traveled corridor. The listing also notes convenient access to Interstate 20 for regional connectivity, along with the presence of utilities nearby and established businesses in the surrounding area.

    For buyers seeking a buildable commercial site, the combination of highway frontage and heavy commercial zoning can support a variety of tenant and operator scenarios, depending on the use approved by the local jurisdiction. This property may be a strong fit for plans that prioritize visibility along a major road and straightforward site development on a vacant parcel.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7104122
    Latitude
    32.4481744

    Nearby Similar for Sale

    • $1,550,000
      34,200 SF

      Longview School Campus Opportunity

      Full school campus in Downtown Longview, Texas for sale.
      500 E Magrill St, Longview, TX 75601
      View Details
    • $450,000
      4,000 SF

      Versatile Commercial Space with Acreage

      1.2-acre property with a 4,000 sq ft insulated shop.
      126 Gamel Rd, Longview, TX 75604
      View Details
    • $1,450,000
      8,000 SF

      Unique Downtown Longview Commercial Building

      Exceptional investment opportunity in Longview's vibrant arts district.
      501 N Third St, Longview, TX 75602
      View Details
    • $1,550,000

      Downtown School Campus Redevelopment Opportunity

      Two-building campus with flexible classrooms and specialty spaces on nearly a full city block for adaptive reuse.
      500 E Magrill Street, Longview, TX 75601
      View Details
    • $1,675,000
      10,200 SF

      Longview Commercial Investment Opportunity

      Two office complexes on 2.694 acres in Longview, Texas.
      2753 & 2755 SH 322, Longview, TX 75603
      View Details
    • $495,000
      9,000 SF

      Longview Commercial Property on Loop

      Commercial property with showroom, offices, warehouses, and expansion potential.
      5105 W LOOP 281, Longview, TX 75604
      View Details
    • $2,889,772

      15-Year Net-Lease Retail Property

      Long-term net-leased retail investment with heavy commercial zoning and strong visibility on a dominant East Texas corridor.
      1310 W Loop 281, Longview, TX 75604
      View Details
    • $525,000
      862 SF

      Established Drive-Thru Business Opportunity

      Turnkey drive-thru business near I-20 in Longview, Texas.
      3020 S Eastman Rd, Longview, TX 75602
      View Details
    • $579,000

      Versatile Commercial Property on 1.15 Acres

      Commercial property with three buildings and drive-through access.
      7120 US 259, Longview, TX 75605
      View Details
    • $425,000
      5,500 SF

      Longview Multi-Use Acreage For Sale

      26.226 acres near Loop 281 & IH-20 in Longview, TX.
      6248 Whitehurst Drive, Longview, TX 75602
      View Details
    • $425,000
      3,500 SF

      Longview Office Building Investment

      North Longview office building with long-term tenants.
      3110 GILMER RD, Longview, TX 75604
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot on South Eastman Road with heavy commercial zoning for flexible development possibilities.
    Where is this commercial land located?
    The property is located at 3605 S Eastman Road Longview, TX.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: 0.24‑acre vacant commercial lot at 3605 South Eastman Road (Longview, TX); Located on South Eastman Road with State Highway frontage; Heavy commercial zoning for flexible commercial development
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    TANGA HANCOCK
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3605 S Eastman Road, Longview, TX 75602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!