Drive-Through Auto
New
For Sale
$167,000
606 Pine Tree Rd, Longview, TX 75604
COMMERCIAL - Longview, TX
Property Size600 SF
Lot Size0.49 Acres
Price / SF$278.33
Days on Market5
Property Features for 606 Pine Tree Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Paved Yard
Directions
Traveling West on Loop 281, turn R onto Pine Tree Rd at the intersection of W Loop 281 and Pine Tree Rd. Travel approx 1/4 mile to property on right at the corner of Pine Tree Rd and Kenwood Ln
Subdivision
PINE TREE ISD
Standard status
Active
Lot size
0.49 Acres
Amenities
overhead roll-up doors
drive-through access
office
restroom
Building Details
Year built
1995
Floors in Building
1
Number of units
1
Building materials
Brick, Metal, Slab
Roof type
Metal
Listing Agency:
BOLD Real Estate Group
(903) 291-1811
Listed By:
Lisa Martin
(903) 738-7125
Added: Aug 7
Last Checked: Aug 11 at 5:06PM
MLS# 20265649
Copyright © 2026 Longview Area 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.
This 600-square-foot brick auto shop was built in 1995 and includes a metal roof, slab construction, an office, and a restroom with a toilet and sink. Roll-up doors on opposite ends create drive-through movement for vehicles, equipment, or deliveries. The property previously operated as a vehicle inspection business.
Situated at the corner of Pine Tree Road and Kenwood Lane, the site includes approximately 1,200 square feet of concrete drive and 6,000 square feet of asphalt paving. Together, these improvements provide space for parking, customer circulation, and vehicle maneuvering. The 0.49-acre property can support a return to automotive use or another commercial operation consistent with the site’s existing configuration.
Situated at the corner of Pine Tree Road and Kenwood Lane, the site includes approximately 1,200 square feet of concrete drive and 6,000 square feet of asphalt paving. Together, these improvements provide space for parking, customer circulation, and vehicle maneuvering. The 0.49-acre property can support a return to automotive use or another commercial operation consistent with the site’s existing configuration.
Key Highlights
- 600‑square‑foot brick building on a 0.49‑acre site
- Roll‑up doors positioned at both ends for drive‑through access
- Previously operated as a vehicle inspection business
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
$10,036
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
6.01%
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%
$200,720
$200.7K
Cap Rate 7%
$143,371
$143.4K
Cap Rate 9%
$111,511
$111.5K
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
$18.4K $30.72/SF
− Vacancy
−$5.1K −$8.42/SF
EGI
$13.4K $22.30/SF
− OpEx
−$3.3K −$5.58/SF
NOI
$10.0K $16.73/SF
Area
Gregg County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$200,720
Cap Rate 7%
$143,371
Cap Rate 9%
$111,511
Alternative Uses
Best Use
Office B
$143.4K
$125.5K – $167.3K
NOI $10,036 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$116.1K
$101.6K – $135.5K
NOI $8,127 @ 7.0% cap · market cap 4.87%
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Longview Diesel and Performance — 301 Service Dr, Longview, TX 75604
- The Service Station Tire & Auto — Longview, TX 75604
Frequently Asked Questions
What type of property is this?
Auto shop - Brick commercial building with dual roll-up doors, office space, and a restroom.
Where is this auto shop located?
The property is located at 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: 600‑square‑foot brick building on a 0.49‑acre site; Roll‑up doors positioned at both ends for drive‑through access; Previously operated as a vehicle inspection business
