Versatile Metal Shop with
For Sale
Contact for pricing
1067 S Old Hwy 135, Kilgore, TX 75662
Move-in ready metal shop with roll-up doors, spray-foam insulation, and a finished office with restroom on a fully fenced acre.
Property Size2,904 SF
Lot Size1.00 Acre
Price / SF$111.91
Days on Market63
Property Features for 1067 S Old Hwy 135
General Information
Standard status
Active
Size
2,904 SF
Lot size
1.00 Acre
Property subtype
Retail
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
3
Listing Agency:
Texas Real Estate Executives
(903) 680-4663
Listed By:
Nacole Eaton · License #TX
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 3:23PM
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 Texas Real Estate Executives
Investment Insights
Based on property information with market context.
Newly constructed and never occupied, this move-in ready metal shop includes spray-foam insulation throughout, along with a fully finished office area and restroom. The office space supports on-site admin and customer service, while the clear-span shop layout is sized for equipment and vehicle access. Three large roll-up doors provide drive-through flexibility: two 10x10 doors and one 12x12 door. The building has a metal exterior and roof designed for low-maintenance longevity.
The property sits on approximately one acre and is enclosed with a fully fenced perimeter and secure gates. A gravel drive runs all the way around the building, supporting convenient circulation for trucks and trailers. The site offers easy access from the main road and strong visibility for day-to-day operations.
With its combination of covered shop space, vehicle-friendly door openings, and dedicated office and restroom, the property is well-suited for a range of service-oriented uses. The listing indicates the site has no restrictions, making it a practical fit for operators seeking a repair facility, tire shop, storage, or other service business location that can begin immediately.
The property sits on approximately one acre and is enclosed with a fully fenced perimeter and secure gates. A gravel drive runs all the way around the building, supporting convenient circulation for trucks and trailers. The site offers easy access from the main road and strong visibility for day-to-day operations.
With its combination of covered shop space, vehicle-friendly door openings, and dedicated office and restroom, the property is well-suited for a range of service-oriented uses. The listing indicates the site has no restrictions, making it a practical fit for operators seeking a repair facility, tire shop, storage, or other service business location that can begin immediately.
Key Highlights
- Newly constructed, never‑occupied metal shop with approx. 2,500 SF and fully finished office space
- Fully finished office area of about 348 SF with a restroom
- Spray‑foam insulated shop for energy efficiency and temperature control
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
$16,963
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
5.22%
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%
$339,260
$339.3K
Cap Rate 7%
$242,329
$242.3K
Cap Rate 9%
$188,478
$188.5K
Market Conditions
NOI Build-Up for 2,904 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
$26.5K $9.12/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$24.2K $8.34/SF
− OpEx
−$7.3K −$2.50/SF
NOI
$17.0K $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%
$339,260
Cap Rate 7%
$242,329
Cap Rate 9%
$188,478
Alternative Uses
Best Use
Retail
$561.9K
$491.7K – $655.6K
NOI $39,335 @ 7.0% cap · market cap 12.10%
Second Best
Industrial
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 5.22%
Theoretical Best
Hotel Hospitality
$2.19M
$1.91M – $2.55M
NOI $153,113 @ 7.0% cap · market cap 47.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
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
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready metal shop with roll-up doors, spray-foam insulation, and a finished office with restroom on a fully fenced acre.
Where is this flex space located?
The property is located at 1067 S Old Hwy 135 Kilgore, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Newly constructed, never‑occupied metal shop with approx. 2,500 SF and fully finished office space; Fully finished office area of about 348 SF with a restroom; Spray‑foam insulated shop for energy efficiency and temperature control
