Warehouse and Office
For Sale
$495,000
5105 W LOOP 281, Longview, TX 75604
COMMERCIAL - Longview, TX
Property Size9,000 SF
Lot Size1.76 Acres
Price / SF$55
Days on Market190
Property Features for 5105 W LOOP 281
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Concrete Yard, Fenced Parking, Fenced Yard, Security Parking
Directions
LOOP 281 ACROSS FROM DARR EQUIPMENT EAST OF HWY 31
Subdivision
LGV ISD 113
Standard status
Active
Lot size
1.76 Acres
Building Details
Year built
1974
Floors in Building
1
Number of units
1
Building materials
Brick, Metal, Metal Siding, Slab
Roof type
Metal
Listing Agency:
TX Farms & Ranches/Park Village
(903) 663-5000
Listed By:
Mark Coleman · License #387775
(903) 738-9420
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 25 at 5:06PM
MLS# 20261067
Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale industrial and flex facility includes nearly 9,000 square feet with several offices, a large showroom, and over 3,500 square feet of covered canopy. The property also features four separate warehouses, with two of the warehouse areas including foreman or dispatch offices.
The site is located on Loop 281, just off Hwy 31 and Interstate 20, providing easy access to surrounding areas. In addition to the main building, there is over 3/4 of an acre of additional space behind the main structure that can support yard use or future expansion.
The campus-style layout—with distinct office space, showroom, covered canopy, and multiple warehouse bays—supports a variety of light industrial and distribution needs while maintaining dedicated administrative space.
The site is located on Loop 281, just off Hwy 31 and Interstate 20, providing easy access to surrounding areas. In addition to the main building, there is over 3/4 of an acre of additional space behind the main structure that can support yard use or future expansion.
The campus-style layout—with distinct office space, showroom, covered canopy, and multiple warehouse bays—supports a variety of light industrial and distribution needs while maintaining dedicated administrative space.
Key Highlights
- Nearly 9,000 SF building with several offices and a large showroom
- 4 separate warehouses, including 2 with foreman or dispatch offices
- Over 3,500 SF of covered canopy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,720
$860.7K
Cap Rate 7%
$614,800
$614.8K
Cap Rate 9%
$478,178
$478.2K
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.4K $8.04/SF
− Vacancy
−$6.2K −$0.68/SF
EGI
$66.2K $7.36/SF
− OpEx
−$23.2K −$2.57/SF
NOI
$43.0K $4.78/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,720
Cap Rate 7%
$614,800
Cap Rate 9%
$478,178
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,543 @ 7.0% cap · market cap 30.41%
Second Best
Warehouse
$912.0K
$798.0K – $1.06M
NOI $63,838 @ 7.0% cap · market cap 12.90%
Theoretical Best
Hotel Hospitality
$6.78M
$5.93M – $7.91M
NOI $474,525 @ 7.0% cap · market cap 95.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75604, TX
30,752
Population
13,579
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
44.1 sq mi
ZIP Area
697
Density / Sq Mi
$67,826
Median Household Income
$40,484
Median Earnings
$1,058
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility includes offices, a large showroom, and multiple warehouses with covered canopy and yard space.
Where is this flex space located?
The property is located at 5105 W LOOP 281 Longview, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Nearly 9,000 SF building with several offices and a large showroom; 4 separate warehouses, including 2 with foreman or dispatch offices; Over 3,500 SF of covered canopy
