Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2920 Eastman Rd Longview, TX 75605-5099

    • Commercial real estate
    • 30,778 SF
    • 4.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 05, 2024
    Value Estimations
    $2,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2915657
    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.

    Current Use by Public Records

    • The Eastman Senior Living at Longview / Nursing Home / Retirement Community
    • East Texas Care / Daycare Center

    Property Details for 2920 Eastman Rd

    Year built
    1996
    Lot size
    4.18 lot acres
    Property size
    30,778 SF
    Property type
    Commercial real estate
    APN
    5333010001-001-00-02
    APU
    53330100010010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,478,000
      Market price range: $1.14M - $3.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.722
    Latitude
    32.5348
    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
    $63,285
    $150,980
    $3,749,020
    $3,900,000
    -
    $150,980
    $3,749,020
    $3,900,000

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      Seq Hawkins Pkwy & Home Depot Way

      Land • 1.50 Acres
      0 Seq Hawkins Pkwy & Home Depot Way, Longview, TX 75605
      View Details
    • Value Estimation by Request
      15.50 Acres

      Judson Rd

      Land • 15.50 Acres
      0 Judson Rd, Longview, TX 75605
      View Details
    • Value Estimation by Request
      0.72 Acres

      216 Pr 3558

      COMMERCIAL (GENERAL) • 0.72 Acres
      216 Pr 3558, Longview, TX 75605
      View Details
    • Value Estimation by Request
      32.49 Acres

      2800 George Richey Rd

      COMMERCIAL (GENERAL) • 32.49 Acres
      2800 George Richey Rd, Longview, TX 75605-0041
      View Details
    • Value Estimation by Request
      2.00 Acres

      1401 Eden Dr

      COMMERCIAL (GENERAL) • 2.00 Acres
      1401 Eden Dr, Longview, TX 75605-4104
      View Details
    • Value Estimation
      $29,200,000
      805,973 SF

      5401 Mickey Melton Blvd

      COMMERCIAL (GENERAL) • 805,973 SF
      5401 Mickey Melton Blvd, Longview, TX 75605-7017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.52 Acres

      Prime 2.52-Acre Commercial Land

      Longview, TX commercial land - ideal development opportunity.
      5315 George Richey Rd, Longview, TX 75605
      View Details
    • Contact for pricing
      1.50 Acres

      Longview TX Commercial Land

      1.5 Acres, Prime Retail Location
      0 Seq Hawkins Pkwy & Home Depot Way, Longview, TX 75605
      View Details
    • $4,700,000
      53.00 Acres

      Prime Longview Commercial Land

      53-acre tract, high traffic, ideal development.
      0 Judson Rd. & Hawkins Pkwy, Longview, TX 75605
      View Details
    • $1,300,000
      4.69 Acres

      Loop 281 Commercial Property Investment

      High-traffic location, large building, expansion potential.
      655 Loop 281, Longview, TX 75605
      View Details
    • $572,985
      12.73 Acres

      Prime Longview Land - 12.73 Acres

      Wooded acreage with excellent road frontage.
      2751- 12.733 Acres, Longview, TX 75605
      View Details
    • Contact for pricing

      Longview Commercial Land Opportunity

      Prime Retail Land, Fourth Street Extension
      0 4Th St, Longview, TX 75605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,600 SF

      Prime Longview Office Space

      Flexible Suites, High Visibility
      915 Loop 281, Longview, TX 75605
      View Details
    • Contact for pricing
      2,230 SF

      Restaurant Space on Loop 281

      Former Taco Cabana site available for sublease in Longview, TX.
      411 Loop 281 E, Longview, TX 75605
      View Details
    • $3,500 /Mo
      45,302 SF

      Retail Space on Eastman Road

      1,100 SF retail space in high-traffic Longview location.
      3052 N Eastman Rd, Longview, TX 75605
      View Details
    • $12 SF/Yr
      4,920 SF

      Judson Road Retail Space

      Longview, TX Flex Space - 4,920 SF
      1907 Judson Rd, Longview, TX 75605
      View Details
    • $10 SF/Yr
      40,538 SF

      Longview Retail Space - 40,538 SF

      Prime Longview retail space, newly renovated, high visibility.
      3510 Mccann Rd, Longview, TX 75605
      View Details
    • $1,350 /Mo

      Retail Space on Gilmer Road

      1800 sq ft retail space for lease on Gilmer Rd.
      3104 Gilmer Rd, Longview, TX 75605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2920 Eastman Rd
    Longview, TX 75605-5099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.