Technical
Financial
Distress signals
Property profile

1403 Clearwood Dr Longview, TX 75604

FOR LEASE
Commercial real estate
Property ID
US83-2970489
2,146 SF 0.43 ac lot Built 2010
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 1403 Clearwood Dr, Longview, TX 75604, presents a unique investment opportunity. The 2,146 square foot building sits on a 0.46-acre lot and boasts a prime location at the corner of Gilmer Rd and Clearwood Dr, a major thoroughfare (Hwy 300). Built in 2010 and renovated in 2017, this single-tenant property is currently configured as a restaurant but offers versatile potential for creative office space, retail, or continued restaurant use. The property features a spacious open seating area, a fully equipped kitchen with grease trap, vent hood, commercial ovens, fryer, and stoves (available with or without equipment), a private office, two restrooms, and a water closet. The property's existing infrastructure makes it ideal for a variety of uses. Gregg County taxes are $2.90 per square foot. The current tenant plans to operate until the property is sold or leased. This freestanding building offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile location in the Longview, Tyler, Texarkana, Nacogdoches submarket cluster of East Texas. The property's adaptable layout and existing restaurant infrastructure provide a significant advantage for a quick and efficient transition to a new business.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2010
Total area 2,146 SF
Lot 0.43 ac (18,600 SF)
APN 6830010004-017-00-02
UPID US83-2970489

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1403 Clearwood Dr Longview, TX 75604
Longview metro Census 502 LONGVIEW, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2008
4 recorded transactions
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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