Commercial Land Redevelopment
1000 S Henderson Blvd Kilgore, TX 75662
For Sale
$300,000
Corner-adjacent commercial land across from Kilgore College offers General Commercial zoning and strong street visibility.
Property Size1,271 SF
Price / SF$236.03
Days on Market193
Property Features for 1000 S Henderson Blvd
General Information
- Standard status
- Active
- Size
- 1,271 SF
Listing Agency:
Drake Real Estate & Investments
(903) 571-8014
Listed By:
Brent Bradberry · License #0715170
(903) 571-8014
Source:
Exprealty
Added: Jan 12
Changed: Jul 10
Last Checked: Jul 23 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
This offering presents a redevelopment opportunity on a commercially zoned land site with frontage on S Henderson Blvd and Houston St. The property is positioned for an owner-user or investor looking to develop a retail or service concept within a flexible commercial zoning framework.
The site is directly across from Kilgore College in Gregg County, with the college noted as walkable from the property. It also benefits from measurable visibility along both roadways, with TxDOT-reported traffic counts of 13,164 VPD on Henderson Blvd (TxDOT ’24) and 2,370 VPD on Houston St (TxDOT ’23).
Zoned General Commercial (GC), the property supports a wide range of retail and service-oriented uses consistent with the stated zoning designation. For tenants, buyers, or operators evaluating sites near an established educational anchor, this location combines cross-street access with street-level exposure on two public corridors.
The site is directly across from Kilgore College in Gregg County, with the college noted as walkable from the property. It also benefits from measurable visibility along both roadways, with TxDOT-reported traffic counts of 13,164 VPD on Henderson Blvd (TxDOT ’24) and 2,370 VPD on Houston St (TxDOT ’23).
Zoned General Commercial (GC), the property supports a wide range of retail and service-oriented uses consistent with the stated zoning designation. For tenants, buyers, or operators evaluating sites near an established educational anchor, this location combines cross-street access with street-level exposure on two public corridors.
Key Highlights
- Corner‑adjacent commercial land directly across from Kilgore College in Kilgore, TX (Gregg County)
- Zoned General Commercial (GC), supporting a wide range of retail and service‑oriented uses
- Walking distance to Kilgore College
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $20.52 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $24.6k | $19.35 |
| − OpEx | −$7.4k | −$5.81 |
| NOI | $17.2k | $13.55 |
1,271 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$245.9K
$215.2K – $286.9K
NOI $17,216 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$957.3K
$837.7K – $1.12M
NOI $67,013 @ 7.0% cap · market cap 22.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Corner-adjacent commercial land across from Kilgore College offers General Commercial zoning and strong street visibility.
Where is this commercial land located?
The property is located at 1000 S Henderson Blvd Kilgore, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Corner‑adjacent commercial land directly across from Kilgore College in Kilgore, TX (Gregg County); Zoned General Commercial (GC), supporting a wide range of retail and service‑oriented uses; Walking distance to Kilgore College
