Longview Retail Space on
1310 W Loop 281 Longview, TX 75604
For Sale
$2,889,772
Retail space with high visibility in established Longview trade area.
Property Size12,715 SF
Price / SF$227.27
Days on Market98
Property Features for 1310 W Loop 281
General Information
Standard status
Active
Size
12,715 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
Drake Real Estate
(903) 581-3737
Listed By:
Matthew Marshall · License #75703
(903) 581-3737
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 27 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Drake Real Estate
Investment Insights
Based on property information with market context.
This retail space is located in Longview, Texas, within an established and high-performing trade area. The property benefits from heavy commercial zoning and high traffic volume, with up to 55,000 vehicles per day along N Loop 281, providing continuous visibility and exposure. Longview serves as a primary shopping and employment center for a regional market of approximately 300,000 people. The property is positioned on Longview's dominant retail corridor, offering direct access to shopping, dining, and services. It benefits from a consistent consumer draw from regional shoppers, commuters, and major employment centers. The property is subject to a 15-year net lease. The building size is 12,715 square feet.
Key Highlights
- 15‑Year Net Lease
- High Traffic Location: Up to 55,000 vehicles per day
- 6.25% Cap Rate
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.9k | $20.52 |
| − Vacancy | −$14.9k | −$1.17 |
| EGI | $246.0k | $19.35 |
| − OpEx | −$73.8k | −$5.81 |
| NOI | $172.2k | $13.55 |
12,715 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.46M
$2.15M – $2.87M
NOI $172,228 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$9.58M
$8.38M – $11.17M
NOI $670,398 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility in established Longview trade area.
Where is this retail space located?
The property is located at 1310 W Loop 281 Longview, TX.
What is the asking price?
The asking price for this property is $2,889,772.
What are key features of this property?
This property features: 15‑Year Net Lease; High Traffic Location: Up to 55,000 vehicles per day; 6.25% Cap Rate
