Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    331 N Longview St Kilgore, TX 75662

    Sponsored
    For Sale
    $40,000

    Land - Kilgore, TX

    Lot size:
    3.14 Acres
    Days on Market:
    103
    Last Refresh:
    Feb 14 at 8:06 pm

    Property Features for 331 N Longview St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.14 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Vivian Butler
    Vivian Butler

    CENTURY 21 Heritage Realty (903) 646-4481

    Listing agent Vivian Butler (903) 657-1577 License #0695595

    Listing date Nov 4, 2025

    MLS# 24014650 Listing URL

    Copyright © 2026 Greater Tyler 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.

    Learn more

    Property Insight Report

    Overview

    Kilgore Commercial Land Opportunity

    This is a 3.14 acre commercial lot located in Kilgore, Texas. The property is situated with access to major highways, offering visibility and traffic flow. Public utilities are available. The land is suitable for retail, office space, or industrial development. It is located close to Kilgore’s city center and local businesses, and a short drive to Longview and Tyler.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northview Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.876353
    Latitude
    32.391231

    Nearby Similar for Sale

    • $1,895,000
      8,228 SF

      East Texas Event Venue on Acres

      Thriving event venue on 13 acres near Lake Cherokee.
      14284 Tx 322, Kilgore, TX 75662
      View Details
    • $2,495,000
      8,228 SF

      East Texas Event and Wedding Venue

      Thriving event venue on 100 acres near Lake Cherokee.
      14284 State Highway 322 N, Kilgore, TX 75662
      View Details
    • $6,995,000
      494.46 Acres

      Kilgore Ranch with Luxury Home

      East Texas ranch featuring a luxury home and live water.
      10326 County Road 3112 N, Kilgore, TX 75662
      View Details
    • $1,895,000
      8,228 SF

      East Texas Event Venue on Acres

      Thriving event venue on 13 acres in scenic East Texas.
      14284 Tx 322, Kilgore, TX 75662
      View Details
    • $2,495,000
      8,228 SF

      East Texas Event Venue on Acres

      Thriving event venue on 100 acres near Kilgore, Texas.
      14284 State Highway 322 N, Kilgore, TX 75662
      View Details
    • $399,000
      0.44 Acres

      Kilgore Commercial Property on Highway

      Commercial property featuring two buildings with office and industrial space.
      118-120 Industrial Ave, Kilgore, TX 75662
      View Details
    • $700,000
      11,200 SF

      Versatile Kilgore Office, Shop, Warehouse Facility

      Multi-use property with warehouse, office, and residential potential on 4.869 acres.
      5678 E Fm 1249, Kilgore, TX 75662
      View Details
    • $700,000
      11,200 SF

      Versatile Kilgore Facility on 4.8 Acres

      Office, shop, warehouse, and service yard facility near Kilgore, TX.
      5678 E Fm 1249, Kilgore, TX 75662
      View Details
    • $699,900
      22.24 Acres

      Kilgore Industrial Property on 22+ Acres

      Historic Kilgore property with office, warehouse, and acreage.
      2631 D, Kilgore, TX 75662
      View Details
    • New
      $360,999

      New Duplex in Kilgore, TX

      New construction duplex with tenants in place, generating immediate income.
      3219 Stone Rd, Kilgore, TX 75662
      View Details
    • New
      $385,000
      2,500 SF

      Kilgore Metal Shop with Office

      Versatile metal shop with office space on 1 acre.
      1067 S Old Highway 135, Kilgore, TX 75662
      View Details
    • $387,500
      14,401 SF

      Kilgore Warehouse with Office Space

      Versatile industrial property with warehouse, office, and storage space.
      1422 N Longview St, Kilgore, TX 75662
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3+/- acre commercial lot in Kilgore, Texas.
    Where is this commercial land located?
    The property is located at 331 N Longview St Kilgore, TX.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - 3+/- acres of flat, buildable commercial land.; - Strategically located in Kilgore, Texas, a thriving community.; - Easy access to major highways, offering excellent visibility and traffic flow.
    (903) 452-4673
    Request Owner's contact information
    331 N Longview St Kilgore, TX 75662
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 N Longview St
    Kilgore, TX 75662
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    331 N Longview St Kilgore, TX 75662
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Vivian Butler
    Vivian Butler
    Real Estate License ID: 0695595
    (903) 452-4673 (903) 657-1577
    Learn more
    Google sign-in failed. Please try again or use another login method.