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    3800 Whitehurst Dr Longview, TX 75602

    Sponsored
    For Sale
    $3,889,820

    15,000 SF Net Lease Warehouse, 6% Cap Rate

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 15,000-square-foot industrial distribution warehouse in Longview, Texas, currently leased to SRS Distribution, a subsidiary of Home Depot (an investment-grade tenant with an S&P rating of "A"). This net-lease property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $233,389. The property features two buildings situated on a 3.186-acre lot, offering ample space and functionality. Built in 2005 and extensively renovated in 2018, 2022, and 2023, the property includes seven loading docks and significant outdoor storage capabilities. The lease, with a remaining term of 5.3 years, includes 3% annual rent increases and two five-year options at fair market value, providing a hedge against inflation. The strategic location at 3800 Whitehurst Dr, Longview, TX 75602, offers excellent access to I-20 and Loop 281, ensuring high visibility and convenient transportation. The property's high occupancy rate (100%) and the tenant's financial strength make this a compelling investment prospect in a rapidly growing Texas market. The asking price is $3,889,820, translating to a price per square foot of $259.32. Recent improvements include approximately 0.80 acres of 3-inch thick type D asphalt paving, roof repairs, new 6-foot security fencing, and a new concrete entryway. The property's APN is 00300.01085.00000.000000.

    Property Features for 3800 Whitehurst Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF
    Lot Size
    138,782 SF

    Building Details

    Year Built
    2005
    Buildings
    2

    HighLights

    • Investment‑grade tenant: SRS Distribution, a Home Depot subsidiary (S&P rating "A"), occupies the property.
    • Recent property improvements: Include approximately 0.8 acres of new asphalt paving, roof repairs, security fencing, and a concrete entryway. Tenant expanded operations in 2023 and plans further expansion in Q1 2025.
    • Favorable lease terms: A new five‑year lease with 3% annual rent increases and two five‑year options at fair market value.
    • Excellent location: The property enjoys high visibility and convenient access to I‑20 and Loop 281 in Longview, Texas, a rapidly growing market.
    • Functional industrial site: The 15,000‑square‑foot warehouse sits on a 3.186‑acre lot, offering substantial outdoor storage. The property includes seven loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tuff Shed Longview Shed Builder

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Harrison
    State
    Texas
    Longitude
    -94.6642071
    Latitude
    32.4610596

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Net Lease Warehouse, 6% Cap Rate
    Where is this distribution property located?
    The property is located at 3800 Whitehurst Dr Longview, TX.
    What is the asking price?
    The asking price for this property is $3,889,820.
    What are key features of this property?
    This property features: Investment-grade tenant: SRS Distribution, a Home Depot subsidiary (S&P rating "A"), occupies the property.; Recent property improvements: Include approximately 0.8 acres of new asphalt paving, roof repairs, security fencing, and a concrete entryway. Tenant expanded operations in 2023 and plans further expansion in Q1 2025.; Favorable lease terms: A new five-year lease with 3% annual rent increases and two five-year options at fair market value.
    Request Owner's contact information
    3800 Whitehurst Dr Longview, TX 75602
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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
    3800 Whitehurst Dr Longview, TX 75602
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