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    5315 E George Richey Rd Longview, TX 75605

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    5315 E George Richey Rd Longview, TX 75605

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    • Land
    For Sale
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    Land For Sale

    2.52 acres of land available for purchase.

    5315 E. George Richey Rd., Longview, TX 75605
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    Property ID
    US82-4495233
    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

    • Land

    Property Details for 5315 E George Richey Rd

    Property type
    Land

    Description

    Land | 2.52 acres

    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
    -94.8584883
    Latitude
    32.5608761

    Comparable in this City

    • New
      $1,650,000
      59.75 Acres

      Versatile Land in North Longview

      59.747-acre tract with highway frontage, ideal for various uses.
      3327 Fm 2751, Longview, TX 75605
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    • $875,000

      Land For Sale

      Land available for sale in Longview, Texas.
      3501 Judson Rd, Longview, TX 75605
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    • Contact for pricing
      11,651 SF

      Versatile Land with Office Building

      21.5 acres with 11,651 SF building for sale.
      2455 N Eastman Rd, Longview, TX 75605
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    • $33,731

      Land Available in Longview, Texas

      Land for sale at 200 Virgie Street, Longview, Texas.
      200 Virgie St, Longview, TX 75605
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    • $1,575,000
      11.49 Acres

      Prime Longview Commercial Land

      11.49 Acres, Zoned PD 22-02
      0 Judson Rd, Longview, TX 75605
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    • $572,985
      12.73 Acres

      Longview Commercial Land - 12 Acres

      Prime 12-acre commercial lot, excellent location.
      0 Fm 2751, Longview, TX 75605
      View Details

    Similar Nearby for Sale

    • New
      $1,650,000
      59.75 Acres

      Versatile Land in North Longview

      59.747-acre tract with highway frontage, ideal for various uses.
      3327 Fm 2751, Longview, TX 75605
      View Details
    • $875,000

      Land For Sale

      Land available for sale in Longview, Texas.
      3501 Judson Rd, Longview, TX 75605
      View Details
    • $400,000
      17.92 Acres

      Longview Land with Pond Access

      Two lots totaling 17.92 acres with pond access.
      890 Mustang Dr, Longview, TX 75605
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    • $572,985
      12.73 Acres

      Longview Commercial Land - 12 Acres

      Prime 12-acre commercial lot, excellent location.
      0 Fm 2751, Longview, TX 75605
      View Details
    • $572,985

      12.733 Acre Wooded Parcel

      12.733 acre wooded parcel with frontage on FM 2751.
      2751- 12.733 Acres, Longview, TX 75605
      View Details
    • Contact for pricing
      11,651 SF

      Versatile Land with Office Building

      21.5 acres with 11,651 SF building for sale.
      2455 N Eastman Rd, Longview, TX 75605
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Multifunctional Property on High-Traffic Thoroughfare

      4,920 SF property with showroom, office, and storage space.
      1907 Judson Rd, 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
    • 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
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    • Contact for pricing

      Office/Retail Space on NE Loop

      Office/retail space with ample parking in high-traffic area.
      414 E Loop 281, Longview, TX 75605
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    • $12,000 /Mo

      Former Church Building in Longview

      12,000 SF former church with seating for 300.
      4344 Us Highway 259, Longview, TX 75605
      View Details
    View Listing
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    Longview, TX 75605
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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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