Longview Industrial Multi-Tenant
For Sale
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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$69.44
Days on Market956
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) 352-3000
Source:
Crexi
Added: Mar 11, 2024
Changed: Oct 16
Last Checked: Oct 20 at 5:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$105,144
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
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
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 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 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$13.56M
$11.86M – $15.82M
NOI $949,050 @ 7.0% cap · market cap 75.92%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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 $1,250,000.
What are key features of this property?
This property features: 18,000 sq ft Industrial Building; Fenced Yard; Industrial Zoning
