Flex Office and Warehouse with
For Sale
$675,000
3698 East Marshall Avenue, Longview, TX 75602
Well-equipped flex facility with secured paved yard, climate-controlled workshop, and multiple overhead doors for mixed operations.
Property Size7,500 SF
Lot Size0.50 Acres
Price / SF$90
Days on Market142
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
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
7
Listing Agency:
Drake Real Estate & Investments
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Draketexas
Added: Jun 3
Changed: Oct 2
Last Checked: Oct 20 at 6:31PM
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
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,198
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,960
$1.1M
Cap Rate 7%
$759,971
$760.0K
Cap Rate 9%
$591,089
$591.1K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$68.4K $9.12/SF
− Vacancy
−$5.8K −$0.78/SF
EGI
$62.6K $8.34/SF
− OpEx
−$9.4K −$1.25/SF
NOI
$53.2K $7.09/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,960
Cap Rate 7%
$759,971
Cap Rate 9%
$591,089
Alternative Uses
Best Use
Warehouse
$760.0K
$665.0K – $886.6K
NOI $53,198 @ 7.0% cap · market cap 7.88%
Second Best
Industrial
$625.9K
$547.6K – $730.2K
NOI $43,810 @ 7.0% cap · market cap 6.49%
Theoretical Best
Hotel Hospitality
$5.65M
$4.94M – $6.59M
NOI $395,438 @ 7.0% cap · market cap 58.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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
