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 Market291
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: Oct 26
Last Checked: Nov 1 at 4:31AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$172,228
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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
