Longview Industrial Multi-Tenant
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1703 E Whaley St, Longview, TX 75601
Multi-tenant industrial property in Longview, Texas, totaling 18,000 square feet.
Property Size18,000 SF
Price / SF$63.89
Days on Market911
Property Features for 1703 E Whaley St
General Information
Standard status
Active
Size
18,000 SF
Class
B
Property subtype
Industrial
Zoning
Industrial
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1979
Buildings
3
Stories
1
Units
3
Listing Agency:
Landbridge Commercial Properties
Listed By:
Brian Burks, SIOR, CCIM · License #0400070
(903) 561-9527
Source:
Crexi
Added: Mar 11, 2024
Changed: Sep 2
Last Checked: Sep 7 at 4:39AM
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 Landbridge Commercial Properties
Investment Insights
Based on property information with market context.
This multi-tenant industrial property, constructed around 1979, features approximately 18,000 square feet of building space. The zoning is designated for industrial use. The property includes a concrete yard that is fenced. The foundation is slab-on-grade concrete, and the exterior walls are metal, complemented by a metal roof. According to 2022 records, the traffic volume on the adjacent street is 1,063 vehicles. The property has frontage on E. Whaley Street. Triple Net expenses are $1.31 per square foot.
Key Highlights
- 18,000 sq ft Industrial Building
- Fenced Yard
- Industrial Zoning
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
$105,144
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
9.14%
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%
$2,102,880
$2.1M
Cap Rate 7%
$1,502,057
$1.5M
Cap Rate 9%
$1,168,267
$1.2M
Market Conditions
NOI Build-Up for 18,000 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
$164.2K $9.12/SF
− Vacancy
−$14.0K −$0.78/SF
EGI
$150.2K $8.34/SF
− OpEx
−$45.1K −$2.50/SF
NOI
$105.1K $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%
$2,102,880
Cap Rate 7%
$1,502,057
Cap Rate 9%
$1,168,267
Alternative Uses
Best Use
Industrial
$1.50M
$1.31M – $1.75M
NOI $105,144 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$13.56M
$11.86M – $15.82M
NOI $949,050 @ 7.0% cap · market cap 82.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 75601, TX
15,813
Population
6,545
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
9.1 sq mi
ZIP Area
1,738
Density / Sq Mi
$63,279
Median Household Income
$35,505
Median Earnings
$910
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Multi-tenant industrial property in Longview, Texas, totaling 18,000 square feet.
Where is this industrial property located?
The property is located at 1703 E Whaley St Longview, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 18,000 sq ft Industrial Building; Fenced Yard; Industrial Zoning
