Flex Space with Fenced
428 Shelton Street, Longview, TX 75601
For Sale
Contact for pricing
A gated, enclosed yard complements the shop’s four bay doors and single restroom.
Property Size1,800 SF
Lot Size1.00 Acre
Price / SF$55.56
Days on Market34
Property Features for 428 Shelton Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Asking Price
Listing Agency:
Beer Wells Real Estate Services – East Texas, Inc.
Listed By:
Walter Northcutt · License TX #510190
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 6:07PM
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 Beer Wells Real Estate Services – East Texas, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes an approximately 1,800 SF shop with four bay doors, a separate man door, and one restroom. The site also has a fenced yard with a gated entrance, providing outdoor space alongside the building.
The property occupies approximately 1 acre and is zoned C-2 Heavy Commercial. It is located at 428 Shelton Street in Longview, Texas.
The property occupies approximately 1 acre and is zoned C-2 Heavy Commercial. It is located at 428 Shelton Street in Longview, Texas.
Key Highlights
- Approximately 1,800 SF shop with four bay doors
- Approximately 1‑acre property zoned C‑2 Heavy Commercial
- Fenced yard with gated entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,607
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,140
$172.1K
Cap Rate 7%
$122,957
$123.0K
Cap Rate 9%
$95,633
$95.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$14.5K $8.04/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$13.2K $7.36/SF
− OpEx
−$4.6K −$2.57/SF
NOI
$8.6K $4.78/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,140
Cap Rate 7%
$122,957
Cap Rate 9%
$95,633
Alternative Uses
Best Use
Industrial
$150.2K
$131.4K – $175.2K
NOI $10,514 @ 7.0% cap · market cap 10.51%
Second Best
Flex RnD
$123.0K
$107.6K – $143.5K
NOI $8,607 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75601, TX
15,813
Population
6,545
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
9.1 sq mi
ZIP Area
1,738
Density / Sq Mi
$63,279
Median Household Income
$35,505
Median Earnings
$910
Median Rent
$193,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Longview, TX
Properties on Market for Flex space in Longview
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Perfect Catering — 202 N Teague St, Longview, TX 75601
Frequently Asked Questions
What type of property is this?
Flex space - A gated, enclosed yard complements the shop’s four bay doors and single restroom.
Where is this flex space located?
The property is located at 428 Shelton Street Longview, TX.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Approximately 1,800 SF shop with four bay doors; Approximately 1‑acre property zoned C‑2 Heavy Commercial; Fenced yard with gated entrance
