Drive-Through Auto
For Sale
$167,000
606 606 Pine Tree Rd, Longview, TX 75604
Brick commercial building with dual roll-up doors, office space, restroom, and paved areas for vehicle movement.
Property Size600 SF
Price / SF$278.33
Days on Market26
Property Features for 606 606 Pine Tree Rd
General Information
Standard status
Active
Size
600 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Amenities
overhead roll-up doors
spacious office
restroom
concrete drive
asphalt paving
3
Building Details
Year Built
1995
Buildings
1
Construction
brick
Listing Agency:
PARKS JONES REALTY
(580) 280-9146
Listed By:
TERRY STAMPER · License #20710
(580) 280-9146
Source:
Xome
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 29 at 11:13AM
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 PARKS JONES REALTY
Investment Insights
Based on property information with market context.
This 1995 brick auto shop includes an approximately 600-square-foot building arranged with an office and restroom equipped with a toilet and sink. Overhead roll-up doors at both ends create a through-building path for vehicles, equipment, or deliveries. The property previously operated as a vehicle inspection business.
Site improvements include approximately 1,200 square feet of concrete drive and an additional 6,000 square feet of asphalt paving. The address occupies the corner of Pine Tree Road and Kenwood Lane in Longview, providing direct road access and a layout designed for vehicle circulation. The building and paved areas can support continued automotive use or another commercial operation consistent with the property’s configuration.
Site improvements include approximately 1,200 square feet of concrete drive and an additional 6,000 square feet of asphalt paving. The address occupies the corner of Pine Tree Road and Kenwood Lane in Longview, providing direct road access and a layout designed for vehicle circulation. The building and paved areas can support continued automotive use or another commercial operation consistent with the property’s configuration.
Key Highlights
- Approximately 600‑square‑foot brick building constructed in 1995
- Overhead roll‑up doors on both ends provide drive‑through vehicle access
- Office area with room for desk and filing cabinets
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
$8,127
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
4.87%
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%
$162,540
$162.5K
Cap Rate 7%
$116,100
$116.1K
Cap Rate 9%
$90,300
$90.3K
Market Conditions
NOI Build-Up for 600 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
$12.3K $20.52/SF
− Vacancy
−$702 −$1.17/SF
EGI
$11.6K $19.35/SF
− OpEx
−$3.5K −$5.81/SF
NOI
$8.1K $13.55/SF
Area
Gregg County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$162,540
Cap Rate 7%
$116,100
Cap Rate 9%
$90,300
Alternative Uses
Best Use
Retail
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$50.1K
$43.8K – $58.4K
NOI $3,505 @ 7.0% cap · market cap 2.10%
Theoretical Best
Hotel Hospitality
$451.9K
$395.4K – $527.3K
NOI $31,635 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75604, TX
30,752
Population
13,579
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
44.1 sq mi
ZIP Area
697
Density / Sq Mi
$67,826
Median Household Income
$40,484
Median Earnings
$1,058
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Longview Diesel and Performance — 301 Service Dr, Longview, TX 75604
Frequently Asked Questions
What type of property is this?
Auto shop - Brick commercial building with dual roll-up doors, office space, restroom, and paved areas for vehicle movement.
Where is this auto shop located?
The property is located at 606 606 Pine Tree Rd Longview, TX.
What is the asking price?
The asking price for this property is $167,000.
What are key features of this property?
This property features: Approximately 600‑square‑foot brick building constructed in 1995; Overhead roll‑up doors on both ends provide drive‑through vehicle access; Office area with room for desk and filing cabinets
