Mixed-Use Property with Metal
For Sale
$350,000
3517 W Loop 281, Longview, TX 75604
A two-bedroom home and a separate improved structure occupy a site near commercial development.
Property Size1,200 SF
Lot Size0.67 Acres
Price / SF$291.67
Days on Market17
Property Features for 3517 W Loop 281
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.67 Acres
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$953
Building Details
Buildings
2
Building Size
1,200 SF
Construction
metal
Listing Agency:
Ember Realty
Listed By:
Tracie Wallace · License #0714307
(903) 238-3365
Source:
Exprealty
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 13 at 2:35AM
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 Ember Realty
Investment Insights
Based on property information with market context.
The property combines a 2-bedroom, 1-bath home with a metal building measuring nearly 1,200 square feet. The home has hardwood floors, a garage, a covered rear porch, and a generator. The metal structure has updated electrical and plumbing; potential uses identified for it include office space, a shop, or storage.
The approximately 0.67-acre site has 250 +/- feet of road frontage. It is near Lear Park Athletic Complex, Loop 281, and Pine Tree Stadium, in an area described as seeing new business and commercial development.
The approximately 0.67-acre site has 250 +/- feet of road frontage. It is near Lear Park Athletic Complex, Loop 281, and Pine Tree Stadium, in an area described as seeing new business and commercial development.
Key Highlights
- Approximately 0.67 acres with 250 +/- feet of road frontage
- Nearly 1,200‑square‑foot metal building with updated electrical and plumbing
- 2‑bedroom, 1‑bath home with hardwood floors, garage, covered back porch, and generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,150
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,000
$243.0K
Cap Rate 7%
$173,571
$173.6K
Cap Rate 9%
$135,000
$135.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$2.2K −$1.80/SF
EGI
$19.4K $16.20/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$12.2K $10.13/SF
Area
Gregg County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,000
Cap Rate 7%
$173,571
Cap Rate 9%
$135,000
Alternative Uses
Best Use
Mixed Use
$173.6K
$151.9K – $202.5K
NOI $12,150 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom home and a separate improved structure occupy a site near commercial development.
Where is this mixed-use property located?
The property is located at 3517 W Loop 281 Longview, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 0.67 acres with 250 +/- feet of road frontage; Nearly 1,200‑square‑foot metal building with updated electrical and plumbing; 2‑bedroom, 1‑bath home with hardwood floors, garage, covered back porch, and generator
