Longview Industrial Multi-Tenant
1703 E Whaley St Longview, TX 75601
For Sale
Contact for pricing
Multi-tenant industrial property in Longview, Texas, totaling 18,000 square feet.
Property Size18,000 SF
Price / SF$63.89
Days on Market866
Property Features for 1703 E Whaley St
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1979
Listing Agency:
Landbridge Commercial Properties
(903) 561-9527
Listed By:
Brian Burks · License #0400070
Source:
Crexi
Added: Mar 11, 2024
Changed: Jul 6
Last Checked: Jul 22 at 9:57AM
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.2k | $9.12 |
| − Vacancy | −$14.0k | −$0.78 |
| EGI | $150.2k | $8.34 |
| − OpEx | −$45.1k | −$2.50 |
| NOI | $105.1k | $5.84 |
18,000 SF · lease $9.12/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
East Texas Fuel ...
Auto Repair Shop
All State Fastener ...
Building Supply
FAQs
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
