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    1612-1630 Whaley St Longview, TX 75601

    For Sale
    $2,625,000

    Multi-Tenant Flex Space, High ROI

    Property size:
    38,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 38,200 square foot, multi-tenant industrial property located at 1612-1630 E Whaley St, Longview, Texas, 75601. The property, situated on a 3.896-acre lot, comprises a single, one-story building constructed in 1980 and extensively renovated in 2012, 2023, and 2024. Currently boasting 100% occupancy across six units, the property is classified as Class C and operates under a Net Lease (NNN) agreement. The flexible space caters to various uses, including flex, traditional office, and warehouse tenants, all within a permitted Light Industrial zoning. The asking price is $2,625,000, translating to $79 per square foot. The property generates substantial current annual income estimated at $188,000, yielding an estimated 7.15% rate of return. Significant upside potential exists, with an estimated 40% increase in rental income achievable, potentially increasing the property value to over $3,680,000. The current average rent is $5.65 per square foot, while the average market rent is estimated at $8.00 per square foot, highlighting the considerable value and growth potential of this investment. This is a rare opportunity to acquire a well-maintained, fully occupied industrial portfolio in a thriving Texas market.

    Property Features for 1612-1630 Whaley St

    General Information

    Property type
    Distribution properties
    Square Feet
    38,200 SF
    Class
    C
    Lot Size
    169,710 SF

    Building Details

    Year Built/Renovated
    1980/2012
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • $2,625,000 asking price for a 38,200 SF industrial/office property in Longview, TX.
    • 100% occupancy with six tenants in a Net Leased (NNN) multi‑tenant building.
    • Class C, single‑story building built in 1980, renovated in 2012, 2023, and 2024.
    • Located on a 3.896‑acre lot zoned for light industrial use at 1612‑1630 E Whaley St, Longview, TX 75601.
    • Current annual income of approximately $188,000, with a 7.15% current rate of return and significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -94.714525210277
    Latitude
    32.499814262875

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    FAQs

    What type of property is this?
    Distribution property - Multi-Tenant Flex Space, High ROI
    Where is this distribution property located?
    The property is located at 1612-1630 Whaley St Longview, TX.
    What is the asking price?
    The asking price for this property is $2,625,000.
    What are key features of this property?
    This property features: $2,625,000 asking price for a 38,200 SF industrial/office property in Longview, TX.; 100% occupancy with six tenants in a Net Leased (NNN) multi-tenant building.; Class C, single-story building built in 1980, renovated in 2012, 2023, and 2024.
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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
    1612-1630 Whaley St Longview, TX 75601
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