Interstate 20 Commercial
For Sale
$200,000
3212 Interstate 20 Service Rd E, Kilgore, TX 75662
Versatile commercial property with high visibility and on-site living.
Property Size1,038 SF
Lot Size1.99 Acres
Price / SF$192.68
Days on Market645
Property Features for 3212 Interstate 20 Service Rd E
General Information
Standard status
Active
Size
1,038 SF
Lot size
1.99 Acres
Taxes and HOA fees
Annual Taxes
$1,463
Listing Agency:
Texas Lane Realty
Listed By:
Jennifer Phillips · License #0654033
(903) 522-9009
Source:
Exprealty
Added: Jan 27, 2025
Changed: Oct 25
Last Checked: Nov 1 at 9:44AM
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 Lane Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located off Interstate 20 at the Joy Wright Mountain Exit 579. The main building, comprising 1,038 square feet, includes a store area, laundry facilities, a kitchen, and separate restrooms. A new roof was installed on the main building in 2022. Additionally, there is a 435-square-foot finished building equipped as a takeout barbecue business, complete with restaurant equipment and signage. The property also features a 448-square-foot residential quarters with one bedroom, one bathroom, a living area, and a kitchen. Over 750 square feet is dedicated to storage, along with covered parking, including RV and boat cover. Situated on nearly 2 acres, the property offers space for expansion. The main building was previously being set up as an antique store, and the antiques currently on-site are included in the sale. The property's location provides visual exposure from the interstate, making it suitable for attracting customers. It is also located near the Red Devil truck wash.
Key Highlights
- High visibility location directly off Interstate 20 (Joy Wright Mountain Exit 579).
- Fully equipped 435 sq. ft. takeout barbecue business ready to operate.
- Versatile 1,038 sq. ft. main building suitable for retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,188
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,760
$363.8K
Cap Rate 7%
$259,829
$259.8K
Cap Rate 9%
$202,089
$202.1K
Market Conditions
NOI Build-Up for 1,038 SF
Gross rent
$25.9K $24.96/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$24.3K $23.36/SF
− OpEx
−$6.1K −$5.84/SF
NOI
$18.2K $17.52/SF
Area
Gregg County, TX
Vacancy
6.40%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,760
Cap Rate 7%
$259,829
Cap Rate 9%
$202,089
Alternative Uses
Best Use
Specialty Retail
$259.8K
$227.4K – $303.1K
NOI $18,188 @ 7.0% cap · market cap 9.09%
Second Best
Office B
$248.0K
$217.0K – $289.4K
NOI $17,363 @ 7.0% cap · market cap 8.68%
Theoretical Best
Hotel Hospitality
$781.8K
$684.1K – $912.2K
NOI $54,729 @ 7.0% cap · market cap 27.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Turn key restaurant - Versatile commercial property with high visibility and on-site living.
Where is this turn key restaurant located?
The property is located at 3212 Interstate 20 Service Rd E Kilgore, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: High visibility location directly off Interstate 20 (Joy Wright Mountain Exit 579).; Fully equipped 435 sq. ft. takeout barbecue business ready to operate.; Versatile 1,038 sq. ft. main building suitable for retail.
