Office Warehouse Flex
516 S Eastman Longview, TX 75602
For Sale
$750,000
Flex office and warehouse layout includes private offices, bullpen areas, and a warehouse with loading bay and back parking.
Property Size9,100 SF
Price / SF$82.42
Days on Market241
Property Features for 516 S Eastman
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- General Commercial
Listing Agency:
HavenQuest Properties
(903) 931-3473
Listed By:
Harmony Hall
(903) 931-3473
Source:
Xome
Added: Nov 24, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:00AM
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 HavenQuest Properties
Investment Insights
Based on property information with market context.
This flex facility combines a ready-to-use office component with warehouse space designed for practical operations. The office totals 2,500 square feet and includes 7 private offices plus two open bullpen-like areas sized for additional desks. The warehouse portion totals 6,600 square feet, with functionality supported by a dedicated back parking lot and a loading bay for pickup and drop-off.
Located at 516 S Eastman in Longview, Texas, the property sits right on Eastman Road, offering direct frontage.
Overall, the configuration supports tenants needing both professional office space and on-site warehouse capacity in one property.
Located at 516 S Eastman in Longview, Texas, the property sits right on Eastman Road, offering direct frontage.
Overall, the configuration supports tenants needing both professional office space and on-site warehouse capacity in one property.
Key Highlights
- Office space totals 2,500 SF with 7 private offices plus two open bullpen areas for 7–10 desks
- Warehouse space totals 6,600 SF for storage, distribution, or light industrial operations
- Dedicated back parking lot and loading bay for pickup and drop‑off
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 | $83.0k | $9.12 |
| − Vacancy | −$7.1k | −$0.78 |
| EGI | $75.9k | $8.34 |
| − OpEx | −$11.4k | −$1.25 |
| NOI | $64.5k | $7.09 |
9,100 SF · lease $9.12/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.54M
NOI $152,216 @ 7.0% cap · market cap 20.30%
Second Best
Warehouse
$922.1K
$806.8K – $1.08M
NOI $64,547 @ 7.0% cap · market cap 8.61%
Theoretical Best
Hotel Hospitality
$6.85M
$6.00M – $8.00M
NOI $479,798 @ 7.0% cap · market cap 63.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mastiff Fitt
(Bike/Boat/Book/etc) Store
Quick Clean Laundromat
(Bike/Boat/Book/etc) Store
Susie's Laundry Service
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - Flex office and warehouse layout includes private offices, bullpen areas, and a warehouse with loading bay and back parking.
Where is this flex space located?
The property is located at 516 S Eastman Longview, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Office space totals 2,500 SF with 7 private offices plus two open bullpen areas for 7–10 desks; Warehouse space totals 6,600 SF for storage, distribution, or light industrial operations; Dedicated back parking lot and loading bay for pickup and drop‑off
