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    422 W Loop 281 Longview, TX 75605

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    153,260 SF anchored shopping center in Longview, Texas.

    Type:Retail
    Property size:
    153,260 SF
    Added:
    Mar 16, 2026
    Days on Market:
    18
    Last Refresh:
    Mar 19 at 11:41 pm

    Property Features for 422 W Loop 281

    General Information

    Standard status
    Active
    Size
    153,260 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Adam Crockett

    Listing agent Adam Crockett License #TX 644990

    Listing office Disney Investment Group

    Listing date Mar 16, 2026

    Source Crexi

    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 Disney Investment Group

    Overview

    Anchored Shopping Center in Longview

    Longview Plaza is a 153,260 square foot anchored shopping center located in Longview, Texas. Constructed in 1999, the property is anchored by Best Buy, Burlington, TJ Maxx, Michaels, Office Depot, and Books-a-Million. The shopping center is consistently fully occupied with six existing national credit anchor tenants. Tenants currently pay an average annual base rent of $11.42 per square foot. A new TPO roof was installed on the entire center in 2019 with a 20-year roof warranty expiring September 2039. The property is a heavily trafficked neighborhood shopping center with over 34,798 vehicles daily and 1.8 million annual customer visits. The center is ranked in the top 32% of all neighborhood centers nationwide and features strong Placer.ai store rankings for each anchor tenant. TJ Maxx reported $15.9 million in sales in 2024.
    Location Intelligence

    Current Use by Public Records

    Burlington Clothing & Fashion Store Best Buy Arcade & Gaming Center Office Depot (Bike/Boat/Book/etc) Store Office Depot Ink ... (Bike/Boat/Book/etc) Store Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Longview Mall — 3500 McCann Rd Ofc, Longview, TX 75605
    • Coinstar Kiosk - Bitcoin ATM — 3603 McCann Rd Albertsons, Longview, TX 75605
    • Sunglass Hut — 3500 McCann Rd, Longview, TX 75605
    • Oak Forest Plaza — Longview, TX 75605
    • Paramount Jewelers — 3500 McCann Rd #08a, Longview, TX 75605

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.734028
    Latitude
    32.541485

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    FAQs

    What type of property is this?
    Shopping center - 153,260 SF anchored shopping center in Longview, Texas.
    Where is this shopping center located?
    The property is located at 422 W Loop 281 Longview, TX.
    What are key features of this property?
    This property features: Anchored by national credit tenants including Best Buy, Burlington, TJ Maxx, Michaels, Office Depot, and Books‑a‑Million.; Consistently 100% occupied since built in 1999.; High‑performing center with strong Placer.ai store rankings and high traffic volume (34,798 vehicles daily and 1.8 million annual customer visits).
    We can help!
    Listing Contact
    Adam Crockett
    Real Estate License ID: TX 644990
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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