Wedding Venue with Commercial
For Sale
$2,495,000
3700 Judson Rd, Longview, TX 75605
Commercial Sale, Longview, TX
Property Size17,000 SF
Lot Size3.00 Acres
Price / SF$146.76
Days on Market319
Property Features for 3700 Judson Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Inside City Limits
Directions
The property is located one mile north of Loop 281, on the east side of Judson Road. Sign out front!
Standard status
Active
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PERSONAL PROPERTY-3700 JUDSON RD
Tax Annual Amount
533
Legal Description
PERSONAL PROPERTY-3700 JUDSON RD
Amenities
dining and reception area
commercial kitchen
lobby
lounge
storage rooms
Building Details
Year built
2013
Building materials
Brick, Metal Siding
Listing Agency:
Dwell Realty
(903) 525-9317
Listed By:
Jacob Ashley · License #0746358
(903) 738-5338
Added: Oct 8, 2025
Changed: Aug 20
Last Checked: Aug 22 at 3:06AM
MLS# 25015008
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Summit Club is a 17,000-square-foot commercial property built in 2013 with a layout centered on private events and social functions. Interior components include multiple office suites, dining and reception areas, a member lobby, lounge, storage rooms, and a fully equipped commercial kitchen. Brick and metal siding form the building exterior.
The property is positioned near downtown Longview with access to major roadways and local amenities. On-site parking serves guests and staff. Its existing configuration supports continued use as a wedding and event venue while also accommodating the alternative commercial applications identified for the building, including medical offices, professional workspaces, retail, and fitness use.
The property is positioned near downtown Longview with access to major roadways and local amenities. On-site parking serves guests and staff. Its existing configuration supports continued use as a wedding and event venue while also accommodating the alternative commercial applications identified for the building, including medical offices, professional workspaces, retail, and fitness use.
Key Highlights
- 17,000‑square‑foot commercial property built in 2013
- Multiple office suites plus dining and reception areas
- Fully equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,986,060
$2.0M
Cap Rate 7%
$1,418,614
$1.4M
Cap Rate 9%
$1,103,367
$1.1M
Market Conditions
NOI Build-Up for 17,000 SF
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.
Gross rent
$155.0K $9.12/SF
− Vacancy
−$13.2K −$0.78/SF
EGI
$141.9K $8.34/SF
− OpEx
−$42.6K −$2.50/SF
NOI
$99.3K $5.84/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,986,060
Cap Rate 7%
$1,418,614
Cap Rate 9%
$1,103,367
Alternative Uses
Best Use
Specialty Retail
$4.26M
$3.72M – $4.96M
NOI $297,873 @ 7.0% cap · market cap 11.94%
Second Best
Office B
$4.06M
$3.55M – $4.74M
NOI $284,360 @ 7.0% cap · market cap 11.40%
Theoretical Best
Hotel Hospitality
$12.80M
$11.20M – $14.94M
NOI $896,325 @ 7.0% cap · market cap 35.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Flexible event property with office suites, reception areas, guest amenities, and an equipped commercial kitchen.
Where is this wedding venue located?
The property is located at 3700 Judson Rd Longview, TX.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 17,000‑square‑foot commercial property built in 2013; Multiple office suites plus dining and reception areas; Fully equipped commercial kitchen
