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    4008 Falls Creek Dr Longview, TX 75604

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    4008 Falls Creek Dr Longview, TX 75604

    View on Map
    • Commercial real estate
    • 1.34 lot acres
    Off-Market
    Property ID
    US82-2441001
    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

    • Commercial real estate

    Property Details for 4008 Falls Creek Dr

    Lot size
    1.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.34-acre commercial lot presents a rare opportunity in the desirable Falls Creek Subdivision of Longview, Texas. Located in the highly-rated Spring Hill Independent School District, this property offers significant potential for development. The asking price is $60,000. The lot's address is 4008 Falls Creek Drive, Longview, TX 75604, situated in Gregg County. Its prime location provides easy access to local amenities and transportation routes. The land boasts a significant number of mature trees, providing a naturally beautiful setting for any future construction. This is one of the last remaining available lots in the subdivision, making it a truly unique investment opportunity. The property's size and location make it ideal for a variety of commercial ventures, offering a blank canvas for a custom-designed building. Buyers are encouraged to act quickly, as this exceptional property is expected to generate significant interest. The geographic coordinates are 32.502529 latitude and -94.8002333 longitude. This is a chance to secure a piece of Longview's thriving commercial landscape. Don't miss out on this exceptional opportunity to build your vision in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.8002333
    Latitude
    32.502529

    Comparable in this City

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      13.5 Acre Tract in Longview

      Acreage in Spring Hill area, ideal for building.
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    • $595,000
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      Longview, TX Multifamily Development Land

      9.58 acres suitable for multifamily development in Longview, Texas.
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    • $150,000
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      Retail Lot in High-Traffic Area

      0.48-acre lot zoned for retail in central Longview, TX.
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    • $80,000
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      Residential Lot with Shop

      Lot with shop, mulched, ready to build in Longview.
      Tbd Darney St, Longview, TX 75604
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    • $595,000
      9.58 Acres

      Longview, TX Multifamily Development Land

      9.58 acres ideal for multifamily development in Longview, Texas.
      Tbd H.g. Mosely Pkwy, Longview, TX 75604
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    • $82,000
      0.25 Acres

      Residential Lot in Enchanted Hills

      Corner lot in established Longview neighborhood, ideal for custom home.
      2100 Nueces Trl, Longview, TX 75604
      View Details

    Similar Nearby for Sale

    • $675,000
      13.50 Acres

      13.5 Acre Tract in Longview

      Acreage in Spring Hill area, ideal for building.
      5015 Gilmer Rd, Longview, TX 75604
      View Details
    • $595,000
      9.58 Acres

      Longview, TX Multifamily Development Land

      9.58 acres suitable for multifamily development in Longview, Texas.
      Tbd H.g. Mosely Pkwy, Longview, TX 75604
      View Details
    • $150,000
      0.48 Acres

      Retail Lot in High-Traffic Area

      0.48-acre lot zoned for retail in central Longview, TX.
      3115 H G Mosley Pkwy, Longview, TX 75604
      View Details
    • $80,000
      0.50 Acres

      Residential Lot with Shop

      Lot with shop, mulched, ready to build in Longview.
      Tbd Darney St, Longview, TX 75604
      View Details
    • $595,000
      9.58 Acres

      Longview, TX Multifamily Development Land

      9.58 acres ideal for multifamily development in Longview, Texas.
      Tbd H.g. Mosely Pkwy, Longview, TX 75604
      View Details
    • $82,000
      0.25 Acres

      Residential Lot in Enchanted Hills

      Corner lot in established Longview neighborhood, ideal for custom home.
      2100 Nueces Trl, Longview, TX 75604
      View Details

    Similar Nearby for Lease

    • $300 /Mo

      1.5 Acre Lot for Lease

      1.5 acre lot with highway access and covered barn.
      2305 W Marshall Ave, Longview, TX 75604
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    • Contact for pricing

      Longview Commercial Space on Gilmer

      3,750 SF commercial space on busy street for lease.
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      HVAC Facility with Retail Space

      HVAC facility featuring retail, office, and warehouse space.
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      Retail Space in Established Center

      Retail space for lease in high-traffic shopping center.
      1725 Loop 281 W, Longview, TX 75604
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      2,500 SF

      Longview Office Space Available

      Office space available for lease in Longview, Texas.
      1203 E Marshall Ave, 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
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    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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    4008 Falls Creek Dr, Longview, TX, 75604

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