Renovated Office
704 Cherokee St, Longview, TX 75604
For Sale
Contact for pricing
COMMERCIAL, Longview, TX
Property Size1,000 SF
Price / SF$1.00
Days on Market138
Property Features for 704 Cherokee St
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
Additional Details
Property Use
Condition
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Norris Real Estate
(903) 371-6110
Listed By:
Ben Norris · License TX #668234
(903) 738-9409
Added: Jun 26
Changed: Oct 27
Last Checked: Nov 10 at 5:06AM
MLS# 20264581
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.
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Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit at 704 Cherokee St in Longview provides a practical layout with reception space, a break room, and two offices. The building was renovated in 2025 with new roofing, flooring, wall texture and paint, HVAC, windows, and doors.
The property was built in 1971 and features brick and metal construction with a metal roof. Water, trash, and standard internet are provided by the landlord.
The property was built in 1971 and features brick and metal construction with a metal roof. Water, trash, and standard internet are provided by the landlord.
Key Highlights
- 1,000 sqft office unit
- Renovated in 2025 with roof, flooring, wall texture and paint, HVAC, windows, and doors
- Layout includes reception space, break room, and two offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,727
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,540
$334.5K
Cap Rate 7%
$238,957
$239.0K
Cap Rate 9%
$185,856
$185.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.7K $30.72/SF
− Vacancy
−$8.4K −$8.42/SF
EGI
$22.3K $22.30/SF
− OpEx
−$5.6K −$5.58/SF
NOI
$16.7K $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 Rate 5%
$334,540
Cap Rate 7%
$238,957
Cap Rate 9%
$185,856
Alternative Uses
Best Use
Office B
$239.0K
$209.1K – $278.8K
NOI $16,727 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.8K
$307.8K – $410.4K
NOI $24,624 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Longview
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Updated workspace includes reception, a break room, and two private offices in a brick-and-metal building.
Where is this office unit located?
The property is located at 704 Cherokee St Longview, TX.
What are key features of this property?
This property features: 1,000 sqft office unit; Renovated in 2025 with roof, flooring, wall texture and paint, HVAC, windows, and doors; Layout includes reception space, break room, and two offices
