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    Flex Office and Warehouse with Yard Title is generated by Realmo AI

    3698 East Marshall Avenue, Longview, TX 75602

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    New
    For Sale
    $675,000

    Well-equipped flex facility with secured paved yard, climate-controlled workshop, and multiple overhead doors for mixed operations.

    Type:Office / Warehouse
    Property size:
    7,500 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $90/SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 5 at 1:52 am

    Property Features for 3698 East Marshall Avenue

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    0.50 Acres
    Property subtype
    Office / Warehouse

    We can help!

    Listing Contact
    Hagan Baker
    Hagan Baker

    Listing agent Hagan Baker License #75703

    Listing office Drake Real Estate & Investments

    Listing date Jun 3, 2026

    Source Draketexas

    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 Drake Real Estate & Investments

    HighLights

    • 1,450 SF office plus 6,050 SF industrial space with a functional flex layout for mixed operations
    • Fully secured fenced and gated paved yard (approx. 0.5 acres) with controlled access
    • Climate‑controlled workshop with new LED lighting and electrical
    • Shop has 7 overhead doors: (3) 10' x 12', (2) 20' x 12', and (2) 10' x 14'
    • Office restroom with shower plus shop restroom with shower
    • Pylon signage on Hwy 80

    Overview

    This well-equipped flex property combines office and industrial use in a single, functional layout. The facility includes fully secured grounds with a fenced and gated yard, supporting controlled access and privacy for yard-based operations. On the office side, there is a full office restroom with a shower, and the shop includes a restroom with a shower. The workshop is climate controlled and features new LED lighting and electrical.

    The site is served by a paved and stabilized yard and offers multiple overhead doors for loading and equipment access, with seven total overhead doors configured as (3) 10' x 12', (2) 20' x 12', and (2) 10' x 14'. Pylon signage is present along a major thoroughfare, helping identify the property for day-to-day traffic and client visibility.

    With a flexible configuration that supports office, warehouse, and yard use, the property is well suited for service companies, distribution, fabrication, and trade-oriented businesses that need both functional shop space and on-site yard storage. The combination of secured outdoor space, climate-controlled workshop area, and substantial door count supports a range of operational setups that benefit from shared office and warehouse workflow.
    Location Intelligence

    Current Use by Public Records

    Chrome Reflections MotorCars Car Dealership

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Similar Places Nearby

    • Creative Confections — 102 Community Blvd, Longview, TX 75605

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.794826
    Latitude
    32.506763

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    FAQs

    What type of property is this?
    Flex space - Well-equipped flex facility with secured paved yard, climate-controlled workshop, and multiple overhead doors for mixed operations.
    Where is this flex space located?
    The property is located at 3698 East Marshall Avenue Longview, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 1,450 SF office plus 6,050 SF industrial space with a functional flex layout for mixed operations; Fully secured fenced and gated paved yard (approx. 0.5 acres) with controlled access; Climate‑controlled workshop with new LED lighting and electrical
    (903) 405-1954
    We can help!
    Listing Contact
    Hagan Baker
    Hagan Baker
    Real Estate License ID: 75703
    Learn More
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    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.

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