Fenced Flex Space with
For Sale
$299,900
1067 S Old Hwy 135, Kilgore, TX 75662
COMMERCIAL, Kilgore, TX
Property Size2,500 SF
Lot Size1.00 Acre
Price / SF$119.96
Days on Market213
Property Features for 1067 S Old Hwy 135
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Lot features
Fenced Parking, Fenced Yard, Gravel Yard
Directions
At the intersection of Shell Camp Rd and Old Hwy 135, Go East. Property on R SIY
Subdivision
KILGORE ISD 442
Standard status
Active
Lot size
1.00 Acre
Amenities
roll-up doors
spray foam insulation
fully fenced
gravel drive
restroom
secure gates
Building Details
Year built
2025
Number of units
1
Building materials
Metal
Roof type
Metal
Listing Agency:
Texas Real Estate Executives
(903) 680-4663
Listed By:
Nacole Eaton · License #0720647
(903) 539-8617
Added: Feb 6
Changed: Aug 19
Last Checked: Sep 7 at 8:06PM
MLS# 20260826
Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,500-square-foot flex property occupies 1 acre and combines a spray-foam-insulated metal shop with a finished office area of approximately 348 square feet. The office includes a restroom, while the building is served by three roll-up doors: two measuring 10x10 and one measuring 12x12. Metal construction and a metal roof provide a durable, low-maintenance configuration.
A fenced perimeter with secure gates surrounds the site at 1067 S Old Hwy 135 in Kilgore. Gravel extends around the building and provides additional parking and circulation space for trucks, trailers, vehicles, or equipment. The property also offers access from the main road and is identified by postal code 75662.
A fenced perimeter with secure gates surrounds the site at 1067 S Old Hwy 135 in Kilgore. Gravel extends around the building and provides additional parking and circulation space for trucks, trailers, vehicles, or equipment. The property also offers access from the main road and is identified by postal code 75662.
Key Highlights
- 2,500‑square‑foot spray‑foam‑insulated metal flex building
- 1‑acre fenced site with secure gates and gravel circulation around the building
- Finished office area of approximately 348 square feet with restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,660
$354.7K
Cap Rate 7%
$253,329
$253.3K
Cap Rate 9%
$197,033
$197.0K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$22.8K $9.12/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$20.9K $8.34/SF
− OpEx
−$3.1K −$1.25/SF
NOI
$17.7K $7.09/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,660
Cap Rate 7%
$253,329
Cap Rate 9%
$197,033
Alternative Uses
Best Use
Warehouse
$253.3K
$221.7K – $295.6K
NOI $17,733 @ 7.0% cap · market cap 5.91%
Second Best
Industrial
$208.6K
$182.5K – $243.4K
NOI $14,603 @ 7.0% cap · market cap 4.87%
Theoretical Best
Hotel Hospitality
$1.88M
$1.65M – $2.20M
NOI $131,813 @ 7.0% cap · market cap 43.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
1
Office units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75662, TX
25,002
Population
9,474
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
83%
High-School Grad
126.8 sq mi
ZIP Area
197
Density / Sq Mi
$65,926
Median Household Income
$37,027
Median Earnings
$1,051
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex property with finished office, restroom, secured perimeter, and circulation space for vehicles and trailers.
Where is this flex space located?
The property is located at 1067 S Old Hwy 135 Kilgore, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,500‑square‑foot spray‑foam‑insulated metal flex building; 1‑acre fenced site with secure gates and gravel circulation around the building; Finished office area of approximately 348 square feet with restroom
