Industrial Service Facility with
For Sale
$684,900
5141 5141 W LOOP 281, Longview, TX 75604
9,200 SF industrial facility with front office buildout, clear-span warehouse, and multiple overhead doors for efficient access.
Property Size9,200 SF
Price / SF$74.45
Days on Market402
Property Features for 5141 5141 W LOOP 281
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Amenities
3
Building Details
Year Built
1981
Listing Agency:
Summers Cook & Company
(903) 757-8686
Listed By:
Bud Summers · License #0465098
(903) 240-0095
Source:
Xome
Added: Aug 4, 2025
Changed: Sep 1
Last Checked: Sep 9 at 7:05AM
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 Summers Cook & Company
Investment Insights
Based on property information with market context.
This 9,200-square-foot industrial service facility is designed to combine professional office space with substantial warehouse capacity. The front portion of the building includes multiple private offices, a reception area, and conference space, supporting day-to-day operations. The rear features a large clear-span warehouse with high ceilings and wide-open floor space, along with multiple overhead doors for straightforward loading and access.
The layout also incorporates designated service bays and work areas intended to support efficient workflow. The building is equipped with modern electrical, plumbing, and HVAC systems.
Outside, the property sits on a generous lot with ample parking and yard space, providing room for outdoor storage and potential future building expansion. Convenient access to major roads, highways, and transportation routes helps facilitate deliveries, employee commute, and customer visits.
The layout also incorporates designated service bays and work areas intended to support efficient workflow. The building is equipped with modern electrical, plumbing, and HVAC systems.
Outside, the property sits on a generous lot with ample parking and yard space, providing room for outdoor storage and potential future building expansion. Convenient access to major roads, highways, and transportation routes helps facilitate deliveries, employee commute, and customer visits.
Key Highlights
- 9,200 SF industrial service facility with front office buildout and warehouse/shop area
- Front portion includes multiple private offices, reception, and conference space
- Large clear‑span warehouse with high ceilings and multiple overhead doors for access
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
$53,741
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
7.85%
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%
$1,074,820
$1.1M
Cap Rate 7%
$767,729
$767.7K
Cap Rate 9%
$597,122
$597.1K
Market Conditions
NOI Build-Up for 9,200 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
$83.9K $9.12/SF
− Vacancy
−$7.1K −$0.78/SF
EGI
$76.8K $8.34/SF
− OpEx
−$23.0K −$2.50/SF
NOI
$53.7K $5.84/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /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%
$1,074,820
Cap Rate 7%
$767,729
Cap Rate 9%
$597,122
Alternative Uses
Best Use
Warehouse
$932.2K
$815.7K – $1.09M
NOI $65,256 @ 7.0% cap · market cap 9.53%
Second Best
Industrial
$767.7K
$671.8K – $895.7K
NOI $53,741 @ 7.0% cap · market cap 7.85%
Theoretical Best
Hotel Hospitality
$6.93M
$6.06M – $8.08M
NOI $485,070 @ 7.0% cap · market cap 70.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 9,200 SF industrial facility with front office buildout, clear-span warehouse, and multiple overhead doors for efficient access.
Where is this flex space located?
The property is located at 5141 5141 W LOOP 281 Longview, TX.
What is the asking price?
The asking price for this property is $684,900.
What are key features of this property?
This property features: 9,200 SF industrial service facility with front office buildout and warehouse/shop area; Front portion includes multiple private offices, reception, and conference space; Large clear‑span warehouse with high ceilings and multiple overhead doors for access
