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    1703 Whaley St Longview, TX 75601

    Sponsored
    For Sale
    $1,250,000

    High-yield multi-tenant industrial investment in Longview, TX.

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of three industrial buildings totaling 18,000 square feet situated on East Whaley Street in Longview, Texas. The property, built circa 1979, is classified as Class B and features a mix of flex, manufacturing, and warehouse space, currently occupied by two tenants under a triple-net (NNN) lease structure. The asking price is $1,250,000, translating to a price per square foot of $69.44 and a compelling cap rate of 7.64%. Each of the three buildings is single-story, offering a total of three units. The individual unit price is $416,666.67. The property boasts a concrete slab-on-grade foundation, metal exterior walls, and a metal roof. Extensive concrete yard space is enclosed by fencing, providing ample storage and maneuverability. The property benefits from significant street frontage on East Whaley and enjoys high traffic volume, with 2022 records indicating 1,063 vehicles per day. The property is zoned for industrial use and has a triple-net expense of $1.31 per square foot. This is a rare opportunity to acquire a well-located, multi-tenant industrial portfolio with strong cash flow potential in a growing Texas market. The property's solid construction, desirable location, and current tenancy make it an attractive investment for both seasoned and emerging investors seeking stable returns.

    Property Features for 1703 Whaley St

    General Information

    Property type
    Distribution properties
    Square Feet
    18,000 SF
    Class
    B

    Building Details

    Buildings
    3
    Stories
    1
    Units
    3

    HighLights

    • Three‑building industrial portfolio totaling 18,000 square feet in Longview, TX.
    • Class B property built circa 1979, featuring flex, manufacturing, and warehouse space.
    • Currently occupied by two tenants under a triple‑net (NNN) lease; asking price $1,250,000 ($69.44/SF, 7.64% cap rate).
    • Single‑story buildings with three units total; individual unit price $416,666.67.
    • Features concrete slab foundation, metal exterior walls, metal roof, and fenced concrete yard.
    Property Profile Location Intelligence

    Current Use by Public Records

    East Texas Fuel ... Diesel Engine Repair Service All State Fastener ... Fastener Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7130443
    Latitude
    32.5010108

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    FAQs

    What type of property is this?
    Distribution property - High-yield multi-tenant industrial investment in Longview, TX.
    Where is this distribution property located?
    The property is located at 1703 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: Three-building industrial portfolio totaling 18,000 square feet in Longview, TX.; Class B property built circa 1979, featuring flex, manufacturing, and warehouse space.; Currently occupied by two tenants under a triple-net (NNN) lease; asking price $1,250,000 ($69.44/SF, 7.64% cap rate).
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    Realmo Value Estimation

    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.

    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.

    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
    1703 Whaley St Longview, TX 75601
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