Flex Shop
For Sale
$279,000
812 S Commerce St., Kilgore, TX 75662
COMMERCIAL, Kilgore, TX
Property Size3,600 SF
Lot Size0.49 Acres
Price / SF$77.50
Days on Market119
Property Features for 812 S Commerce St.
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Fenced Yard
Directions
From 31, go right onto N Kilgore St, go .5 miles turn right onto E Lantrip St, turn left onto N Commerce St, go up .8 and property will be on left, sign in yard.
Subdivision
KILGORE ISD 442
Standard status
Active
Lot size
0.49 Acres
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Building materials
Metal
Roof type
Metal
Listing Agency:
Ramsey Realty Group
(903) 759-3333
Listed By:
Jeff Ramsey · License #0575649
(903) 452-8892
Added: May 8
Changed: Aug 19
Last Checked: Sep 3 at 2:06AM
MLS# 20263518
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 3,600 sq ft flex property includes 3200 square foot open shop space and a 400 Square foot office. The metal building was constructed in 1998 and has a metal roof, insulated construction, a finished front office, bathroom, one large bay door, and a fenced rear yard. The layout also provides space for parking and vehicle maneuvering.
Located at 812 S Commerce St. in Kilgore, Texas, the property offers street frontage and access suited to a range of commercial operations. The source information identifies potential applications including automotive, fabrication, repair, service, and contractor uses.
Located at 812 S Commerce St. in Kilgore, Texas, the property offers street frontage and access suited to a range of commercial operations. The source information identifies potential applications including automotive, fabrication, repair, service, and contractor uses.
Key Highlights
- 3,600 sq ft metal shop building on a 0.49‑acre lot
- 3200 square foot open shop space with a 400 Square foot office
- One large bay door and a fenced rear yard
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 - Insulated metal construction combines office space, a bathroom, open work area, 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 sq ft metal shop building on a 0.49‑acre lot; 3200 square foot open shop space with a 400 Square foot office; One large bay door and a fenced rear yard
