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

    853 Marvin A Smith Dr Kilgore, TX 75662

    Sponsored
    For Sale
    $5,750,000

    Industrial - Kilgore, TX

    Type:Industrial
    Property size:
    36,000 SF
    Lot size:
    11.32 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 26 at 6:06 pm

    Property Features for 853 Marvin A Smith Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Interior features
    Meeting Room, Open Span
    Exterior features
    Pemb, Fence
    Fencing
    Fenced
    Size
    36,000 SF
    Lot size
    11.32 Acres

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Clint Brogoitti

    Julie Woods & Associates Real Estate Firm (903) 212-2896

    Listing agent Clint Brogoitti (903) 587-5373

    Listing date Jan 12, 2026

    MLS# 20260201 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Kilgore Industrial Investment Property For Sale

    This income-producing industrial investment property is located in Kilgore, TX, and is leased long-term to Bishop Lifting under a NNN-style lease. The modern pre-engineered metal building (PEMB) totals approximately 36,000 square feet, featuring 6,000 square feet of Class A office space and 30,000 square feet of shop/warehouse space. The warehouse has a 26' eave height and (4) 10-ton bridge cranes. The facility is situated on a large, usable 11.32-acre site with ample stabilized yard area suitable for equipment, laydown, and truck circulation. It offers convenient access to I-20 and major East Texas industrial markets. The property generates a current annual NOI of approximately $396,000, with contractual rent escalations in place and a lease term extending through 2034, providing predictable cash flow and built-in income growth. The single-tenant occupancy, a strong industrial user, and a highly functional crane-served design make this an attractive option for investors seeking stable passive income, 1031 exchange placement, or a long-term industrial NNN hold in the East Texas market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.8692
    Latitude
    32.3769

    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
    • $365,000

      New Duplex in Kilgore, TX

      Turnkey duplex built in 2024, offering immediate cash flow.
      3219 Stone Rd, 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
    • $1,295,000
      6.93 Acres

      Kilgore Mobile Home Park Opportunity

      Mobile home park with expansion potential near Gregg County Airport.
      6244 Fm 349, Kilgore, TX 75662
      View Details

    FAQs

    What type of property is this?
    Industrial property - Income-producing industrial property leased long-term to Bishop Lifting.
    Where is this industrial property located?
    The property is located at 853 Marvin A Smith Dr Kilgore, TX.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - Long-term NNN-style lease in place with Bishop Lifting extending through 2034, providing stable passive income.; - Current annual Net Operating Income (NOI) of approximately $396,000 with contractual rent escalations.; - Modern **36,000 SF pre-engineered metal building (PEMB) constructed in 2023.**
    (903) 987-9192
    Request Owner's contact information
    853 Marvin A Smith Dr 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.
    853 Marvin A Smith Dr
    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
    853 Marvin A Smith Dr 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
    Clint Brogoitti
    (903) 987-9192
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.