Net-Lease Retail
For Sale
Contact for pricing
1310 W Loop 281, Longview, TX 75604
Storefront retail property offered on a 15-year net lease with Heavy Commercial zoning.
Property Size12,715 SF
Price / SF$227.27
Days on Market245
Property Features for 1310 W Loop 281
General Information
Standard status
Active
Size
12,715 SF
Property subtype
RETAIL
Zoning
Heavy Commercial
Additional Details
Cap Rate
6.6%
Traffic Count
55,000 vehicles/day
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Brent Bradberry · License #0715170
(903) 571-8014
Source:
Moodyscre
Added: Jan 16
Changed: Sep 9
Last Checked: Sep 16 at 3:14PM
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 & Investments
Investment Insights
Based on property information with market context.
This net-leased retail storefront is offered as a 15-year lease arrangement, as described in the seller’s remarks (see OM for details). The offering is presented with Heavy Commercial zoning.
The property is located at 1310 W Loop 281 in Longview, Texas. The seller notes up to 55,000 vehicles per day along N Loop 281, supporting visibility and exposure on a major retail corridor.
The remarks also emphasize consistent retailer demand in East Texas and note Longview as the primary shopping and employment center for a regional market. Inquiries are by appointment only, and the business or tenant should not be disturbed.
The property is located at 1310 W Loop 281 in Longview, Texas. The seller notes up to 55,000 vehicles per day along N Loop 281, supporting visibility and exposure on a major retail corridor.
The remarks also emphasize consistent retailer demand in East Texas and note Longview as the primary shopping and employment center for a regional market. Inquiries are by appointment only, and the business or tenant should not be disturbed.
Key Highlights
- 15‑year net lease storefront retail property
- Cap rate: 6.6%
- Heavy Commercial zoning
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
$172,228
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
5.96%
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%
$3,444,560
$3.4M
Cap Rate 7%
$2,460,400
$2.5M
Cap Rate 9%
$1,913,644
$1.9M
Market Conditions
NOI Build-Up for 12,715 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
$260.9K $20.52/SF
− Vacancy
−$14.9K −$1.17/SF
EGI
$246.0K $19.35/SF
− OpEx
−$73.8K −$5.81/SF
NOI
$172.2K $13.55/SF
Area
Gregg County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$3,444,560
Cap Rate 7%
$2,460,400
Cap Rate 9%
$1,913,644
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
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Open Analytics
Current Use
Lease Details
55,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail property offered on a 15-year net lease with Heavy Commercial zoning.
Where is this storefront property 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 storefront retail property; Cap rate: 6.6%; Heavy Commercial zoning
