Insulated Metal Flex
For Sale
$279,000
812 S Commerce St., Kilgore, TX 75662
CommercialSale, Kilgore, TX
Property Size3,600 SF
Lot Size0.49 Acres
Price / SF$77.50
Days on Market100
Property Features for 812 S Commerce St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Paved or Surfaced, Parking Lot
Subdivision
A0800 - KILGORE NCB
Directions
From 31, go right onto N Kilgore St,go .5 miles turn right onto E LantripSt, turn left onto N Commerce St, goup .8 and property will be on left, signin yard.
Standard status
Active
APN
32428
Lot size
0.49 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Ramsey Realty Group
(903) 759-3333
Listed By:
Jeffery Ramsey · License #0575649
(903) 759-3333
Added: May 16
Changed: Aug 21
Last Checked: Aug 23 at 5:06PM
MLS# 21272274
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 3,600-square-foot flex property includes a 3,200-square-foot open shop and a 400-square-foot office area. The insulated metal building was constructed in 1998 and features a finished front office, bathroom, concrete flooring, central heating and cooling, and a large bay door. A fenced rear yard adds functional outdoor space for equipment, storage, or work vehicles, while paved parking supports on-site access and maneuvering.
Located at 812 S Commerce St. in Kilgore, Texas, the property occupies 0.49 acres with street frontage. Public water and public sewer serve the site. The configuration is suited to automotive, fabrication, repair, service, and contractor operations.
Located at 812 S Commerce St. in Kilgore, Texas, the property occupies 0.49 acres with street frontage. Public water and public sewer serve the site. The configuration is suited to automotive, fabrication, repair, service, and contractor operations.
Key Highlights
- 3,600 square feet with 3,200 square feet of open shop space and a 400‑square‑foot office
- 0.49‑acre lot with street frontage and a fenced rear yard
- Insulated metal construction built in 1998
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
$25,535
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
9.15%
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%
$510,700
$510.7K
Cap Rate 7%
$364,786
$364.8K
Cap Rate 9%
$283,722
$283.7K
Market Conditions
NOI Build-Up for 3,600 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
$32.8K $9.12/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$30.0K $8.34/SF
− OpEx
−$4.5K −$1.25/SF
NOI
$25.5K $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%
$510,700
Cap Rate 7%
$364,786
Cap Rate 9%
$283,722
Alternative Uses
Best Use
Warehouse
$364.8K
$319.2K – $425.6K
NOI $25,535 @ 7.0% cap · market cap 9.15%
Second Best
Industrial
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 7.54%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,810 @ 7.0% cap · market cap 68.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
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 Industrial 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?
Flex space - Commercial facility combines a finished office, open work area, bay access, and fenced outdoor storage.
Where is this flex space located?
The property is located at 812 S Commerce St. Kilgore, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,600 square feet with 3,200 square feet of open shop space and a 400‑square‑foot office; 0.49‑acre lot with street frontage and a fenced rear yard; Insulated metal construction built in 1998
