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 Market198
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) 571-8014
Listed By:
Brent Bradberry · License #0715170
(903) 571-8014
Source:
Moodyscre
Added: Jan 16
Changed: Jul 25
Last Checked: Jul 25 at 4:22AM
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 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
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
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
