Restaurant Space With
For Sale
$379,900
613 Highway 31 E, Kilgore, TX 75662
COMMERCIAL, Kilgore, TX
Property Size2,700 SF
Lot Size0.28 Acres
Price / SF$140.70
Days on Market24
Property Features for 613 Highway 31 E
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Right on hwy 31 2miles to the right SIY
Subdivision
KILGORE ISD 442
Standard status
Active
Lot size
0.28 Acres
Building Details
Year built
1950
Number of units
1
Building materials
Metal Siding, Slab
Roof type
Composition, Metal
Listing Agency:
Summers Cook & Company
(903) 757-8686
Listed By:
Enrique Monreal
(903) 746-2160
Added: Aug 11
Changed: Aug 19
Last Checked: Sep 3 at 3:06PM
MLS# 20265732
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 restaurant property includes a remodeled interior with new flooring, dining furnishings, refrigeration, fixtures, and commercial kitchen equipment. Tables and chairs are included with the sale, along with the installed items used for restaurant operations. The layout and equipment package provide a finished commercial setting for an operator bringing a new menu or concept.
The property is located at 613 Highway 31 E in Kilgore, Texas. Improvements date to 1950 and feature metal siding, slab construction, and a roof with composition and metal components. The parcel encompasses 0.28 acres and is offered for sale with the listed furnishings and equipment.
The property is located at 613 Highway 31 E in Kilgore, Texas. Improvements date to 1950 and feature metal siding, slab construction, and a roof with composition and metal components. The parcel encompasses 0.28 acres and is offered for sale with the listed furnishings and equipment.
Key Highlights
- Remodeled interior with new flooring throughout
- Commercial kitchen equipment, refrigerators, fixtures, tables, and chairs included
- 0.28‑acre parcel at 613 Highway 31 E, Kilgore, TX 75662
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
$15,772
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
4.15%
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%
$315,440
$315.4K
Cap Rate 7%
$225,314
$225.3K
Cap Rate 9%
$175,244
$175.2K
Market Conditions
NOI Build-Up for 2,700 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
$24.6K $9.12/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$22.5K $8.34/SF
− OpEx
−$6.8K −$2.50/SF
NOI
$15.8K $5.84/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
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%
$315,440
Cap Rate 7%
$225,314
Cap Rate 9%
$175,244
Alternative Uses
Best Use
Specialty Retail
$675.8K
$591.4K – $788.5K
NOI $47,309 @ 7.0% cap · market cap 12.45%
Second Best
Industrial
$225.3K
$197.2K – $262.9K
NOI $15,772 @ 7.0% cap · market cap 4.15%
Theoretical Best
Hotel Hospitality
$2.03M
$1.78M – $2.37M
NOI $142,358 @ 7.0% cap · market cap 37.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Balanced
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled restaurant property with furnishings, commercial kitchen equipment, and refrigeration included.
Where is this conventional restaurant located?
The property is located at 613 Highway 31 E Kilgore, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Remodeled interior with new flooring throughout; Commercial kitchen equipment, refrigerators, fixtures, tables, and chairs included; 0.28‑acre parcel at 613 Highway 31 E, Kilgore, TX 75662
