Drive-Through Restaurant
For Sale
$360,000
207 N Henderson Blvd., Kilgore, TX 75662
COMMERCIAL, Kilgore, TX
Property Size832 SF
Lot Size0.40 Acres
Price / SF$432.69
Days on Market175
Property Features for 207 N Henderson Blvd.
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Concrete Yard
Directions
Going South on Business Hwy 259, property on Right, near the intersection of Houston. Just north of Kilgore College.
Subdivision
KILGORE ISD 442
Standard status
Active
Lot size
0.40 Acres
Amenities
covered front porch
Building Details
Year built
2020
Number of units
1
Building materials
Brick, Metal
Roof type
Flat, Metal
Listing Agency:
Julie Woods & Associate RE Firm
(903) 587-5373
Listed By:
Julie Woods · License #0606759-BB
(903) 636-8465
Added: Mar 3
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 20261519
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 832-square-foot drive-through restaurant building was constructed in 2020 on approximately 0.4 acres. The layout includes two drive-through windows, two restrooms, and a covered front porch designed to accommodate walk-up orders. The property previously operated as a daiquiri and coffee concept, and the existing configuration supports a range of quick-service food and beverage uses, including tacos, desserts, specialty coffee, hot dogs, and similar concepts.
Located on Hwy 259 near Kilgore College, the property benefits from reported daily traffic of approximately 14,273 vehicles. The lot provides space for parking, outdoor seating, or future site improvements, subject to applicable requirements. Construction materials include brick and metal, with a flat metal roof.
Located on Hwy 259 near Kilgore College, the property benefits from reported daily traffic of approximately 14,273 vehicles. The lot provides space for parking, outdoor seating, or future site improvements, subject to applicable requirements. Construction materials include brick and metal, with a flat metal roof.
Key Highlights
- 832 square feet on approximately 0.4 acres
- Built in 2020 with brick and metal construction
- Two drive‑through windows and two restrooms
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
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Built in 2020 with dual service windows, two restrooms, and a covered porch for walk-up orders.
Where is this drive through restaurant located?
The property is located at 207 N Henderson Blvd. 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: 832 square feet on approximately 0.4 acres; Built in 2020 with brick and metal construction; Two drive‑through windows and two restrooms
