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$487,390

NAL Estimated Property Value

1505 South Green Street, Longview, TX, 75601

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths18,228 Sq Ft

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size2.12 acres

Building Information

Stories1
Garage Spaces236

Land Information

APN0900000332-002-00-02
Lot Number2-3
SubdivisionLongview Ncb
Land UseCommercial
Legal DescriptionLTS 2 & 3 NCB 332 LONGVIEW JOHNSON ACREAGE
Census Tract001300
Assessed Land Value$55,330
Assessed Improvement Value$432,060
Assessment Year2025

About this property

Prime Texas Commercial Real Estate Opportunity! Presenting a commercial offering in the heart of Texas, a mere 2 miles from the I-20 corridor, sprawls across 2.12 acres and boasts a total building size of 18,250 SF. While its original construction date is unknown, it is widely believed to be a gem from the 70's, and remodeled in 2006. This year the roof was replaced with the top-of-the-line Golden Seal Total Roofing System, ensuring maximum durability and a nice aesthetic appeal. Come inside to discover a sprawling +/- 11,375 SF HVAC area that features: An inviting lobby /reception area. 11 versatile rooms that could serve as classrooms or offices A utility room for functional operations A commercial kitchen ready to cater to staff or events Two spacious restrooms An executive bathroom complete with a shower A magnificently sized central area that holds boundless potential, be it as a sanctuary, meeting room, banquet hall, dining room, activity hub, or even a concert hall. In addition to these amenities, the property extends into a +/- 6,875 SF warehouse area, perfect for storage, operations, or other business needs. With this strategic location, your venture might be the perfect fit for this opportunity. * Please note: This property has had a huge price adjustment, 10.95 sq ft on 2.12 acres. At 200k, the seller will provide title insurance, but any other expense desired by the buyer, will be at the expense of the buyer. Seller is retaining, buffet tables, popcorn machine, chairs, basketball hoop, sound booth. Other furniture, fixtures, & equipment are negotiable.

Investor Tools

Property Icon
$487,390
Estimated Property Value
$288,802Estimated Mortgage Balance
$198,588Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,924 /month
Positive
Cash Flow Estimate:
$975 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$487,390
2025
$55,330
$432,060
$487,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$487,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Building Or Construction Loan
$293,979
No
First
May 9, 2025
May 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,802
$198,588
40%
59%
$1,763/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Longview

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1505 South Green Street | Property Details | No Agent List