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    202 Progress Blvd Longview, TX 75604
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    202 Progress Blvd Longview, TX 75604

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    • Industrial properties
    • 60,165 SF
    • 29.52 lot acres
    For Sale
    $1,040,000
    View Listing →
    Longview Industrial Facility on Acres For Sale
    $1,040,000
    100,000 SF

    Longview Industrial Facility on Acres

    100,000 SF industrial facility on 26 acres in Longview, TX.

    202 Progress Blvd, Longview, TX
    View Listing
    Property ID
    US82-4253415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Trinity Plant 110 / General Contractor / Construction Company

    Property Details for 202 Progress Blvd

    Year built
    1973
    Lot size
    29.52 lot acres
    Property size
    60,165 SF
    Property type
    Industrial properties
    APN
    0369000401-088-00-02
    APU
    3690004010880002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,348,000
      Market price range: $1.25M - $6.28M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.8248
    Latitude
    32.5063
    CBSA code
    30980
    CBSA name
    LONGVIEW, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,262
    $153,560
    $1,495,700
    $1,649,260
    -
    $153,560
    $1,495,700
    $1,649,260

    Comparable in this City

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      $995,000
      11,300 SF

      901 Harrison Rd

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    • Value Estimation by Request
      3,456 SF

      708 Jordan Vly Rd

      INDUSTRIAL (GENERAL) • 3,456 SF
      708 Jordan Vly Rd, Longview, TX 75604-5232
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    • Value Estimation
      $2,575,000
      153,000 SF

      4750 Marshall Ave

      INDUSTRIAL (GENERAL) • 153,000 SF
      4750 Marshall Ave, Longview, TX 75604-4817
      View Details
    • Value Estimation by Request
      1,664 SF

      5500 Bill Harris Rd

      INDUSTRIAL (GENERAL) • 1,664 SF
      5500 Bill Harris Rd, Longview, TX 75604-5239
      View Details
    • Value Estimation by Request
      1,774 SF

      508 Cherokee St

      INDUSTRIAL (GENERAL) • 1,774 SF
      508 Cherokee St, Longview, TX 75604-4949
      View Details
    • Value Estimation by Request
      3,214 SF

      1301 Cotton St

      INDUSTRIAL (GENERAL) • 3,214 SF
      1301 Cotton St, Longview, TX 75604-5518
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,160 SF

      Industrial Property with Outdoor Storage

      Renovated shop/office on 9.6 acres with fenced, secured yard.
      4633 Loop 281 W, Longview, TX 75604
      View Details
    • $1,575,000
      2.01 Acres

      Renovated Industrial Space For Sale

      Renovated light industrial space with offices, warehouse, and parking.
      3744 Loop 281 W, Longview, TX 75604
      View Details
    • $1,400,000
      Pending

      Longview Investment Opportunity For Sale

      Value-add investment with leased and vacant buildings in Longview, TX.
      603 W Cotton St, Longview, TX 75604
      View Details
    • $800,000

      Longview Industrial Property with Excess Acreage

      19.98-acre industrial property with warehouse, silos, office, and living quarters.
      220 Progress Blvd, Longview, TX 75604
      View Details
    • $620,000
      0.49 Acres

      Functional Commercial Property in Longview

      Versatile commercial property with office, shop, and yard space.
      1518 Colony Cir, Longview, TX 75604
      View Details
    • Contact for pricing

      Loop 281 Frontage Land

      Land available for flex, industrial, or retail development.
      4611 Loop 281 W, Longview, TX 75604
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    Similar Nearby for Lease

    • Contact for pricing

      HVAC Facility with Retail Space

      HVAC facility featuring retail, office, and warehouse space.
      401 Enterprise St, Longview, TX 75604
      View Details
    • Contact for pricing
      156,780 SF

      Longview Warehouse and Distribution Facility

      Industrial facility with convenient highway access and security features.
      4350 Loop 281 W, Longview, TX 75604
      View Details
    • Contact for pricing

      3,000 SF Warehouse with Dock

      3,000 SF warehouse space with dock access available for lease.
      4800 Gilmer Rd, Longview, TX 75604
      View Details
    • Contact for pricing

      Warehouse with Covered Dock Positions

      Rare warehouse availability with covered docks and fenced yard.
      914 Fisher Rd, Longview, TX 75604
      View Details
    • Contact for pricing

      Restaurant/Retail Space on Gilmer Road

      2,146 SF restaurant/retail space on major thoroughfare.
      1403 Clearwood Dr, Longview, TX 75604
      View Details
    • Contact for pricing

      End Cap Retail Space Available

      Prime end-cap retail space in Longview, TX.
      2414 Gilmer Rd, Longview, TX 75604
      View Details
    View Listing
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    202 Progress Blvd
    Longview, TX 75604
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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