Drive-Through Restaurant Building with Two
For Sale
$360,000
207 N Henderso Boulevard, Kilgore, TX 75662
COMMERCIAL - Kilgore, TX
Property Size832 SF
Lot Size0.40 Acres
Price / SF$432.69
Days on Market45
Property Features for 207 N Henderso Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Hwy 259
Directions
Going South on Business Hwy 259, property on Right, near the intersection of Houston. Just north of Kilgore College.
Standard status
Active
APN
202166
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
Lot 3A SAVAGE ADDN
Legal Description
Lot 3A SAVAGE ADDN
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
two restrooms
Building Details
Year built
2020
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Roof type
Metal, Flat
Listing Agency:
Julie Woods & Associate RE Firm
(903) 587-5373
Listed By:
Julie Woods · License #0606759-BB
(903) 587-5373
Added: Jul 12
Changed: Aug 4
Last Checked: Aug 25 at 7:06PM
MLS# 21196272
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 drive-through restaurant building was built in 2020 and offers a compact, efficient footprint for quick service concepts. The 832-square-foot building is set on approximately 0.4 acres and includes two drive-thru windows plus two restrooms. A covered front porch supports walk-up ordering, giving the site multiple points of customer flow. The property features brick construction with concrete flooring, central heating, and central air conditioning, along with a metal flat roof. Public water and public sewer services are provided, and parking is available via an on-site parking lot.
The property is positioned on Hwy 259 just feet from Kilgore College, delivering strong visibility with approximately 14,273 vehicles passing daily. The layout previously supported a daiquiri and coffee concept, and the drive-through and ordering setup can accommodate a range of food and beverage uses.
The generous lot size helps support on-site parking and potential outdoor seating or future site enhancements.
The property is positioned on Hwy 259 just feet from Kilgore College, delivering strong visibility with approximately 14,273 vehicles passing daily. The layout previously supported a daiquiri and coffee concept, and the drive-through and ordering setup can accommodate a range of food and beverage uses.
The generous lot size helps support on-site parking and potential outdoor seating or future site enhancements.
Key Highlights
- Approximately 14,273 vehicles pass daily on Hwy 259 near Kilgore College
- Built in 2020; 832‑square‑foot drive‑through restaurant building
- Two drive‑thru windows plus covered front porch for walk‑up orders
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
$14,578
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
4.05%
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%
$291,560
$291.6K
Cap Rate 7%
$208,257
$208.3K
Cap Rate 9%
$161,978
$162.0K
Market Conditions
NOI Build-Up for 832 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
$20.8K $24.96/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$19.4K $23.36/SF
− OpEx
−$4.9K −$5.84/SF
NOI
$14.6K $17.52/SF
Area
Gregg County, TX
Vacancy
6.40%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$291,560
Cap Rate 7%
$208,257
Cap Rate 9%
$161,978
Alternative Uses
Best Use
Specialty Retail
$208.3K
$182.2K – $243.0K
NOI $14,578 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$626.7K
$548.3K – $731.1K
NOI $43,867 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,273 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Highly visible drive-through restaurant building on Hwy 259 near Kilgore College with two drive-thru windows and strong daily traffic.
Where is this drive through restaurant located?
The property is located at 207 N Henderso Boulevard Kilgore, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Approximately 14,273 vehicles pass daily on Hwy 259 near Kilgore College; Built in 2020; 832‑square‑foot drive‑through restaurant building; Two drive‑thru windows plus covered front porch for walk‑up orders
