Flex Office and Warehouse with
3698 East Marshall Avenue Longview, TX 75602
For Sale
$675,000
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 Market51
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
Listing Agency:
Drake Real Estate & Investments
(903) 405-1954
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Draketexas
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 4:52AM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $9.12 |
| − Vacancy | −$5.8k | −$0.78 |
| EGI | $62.6k | $8.34 |
| − OpEx | −$9.4k | −$1.25 |
| NOI | $53.2k | $7.09 |
7,500 SF · lease $9.12/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,453 @ 7.0% cap · market cap 18.59%
Second Best
Warehouse
$760.0K
$665.0K – $886.6K
NOI $53,198 @ 7.0% cap · market cap 7.88%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chrome Reflections MotorCars
Car Dealership
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
