Add Listing
    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

    331 N Longview St Kilgore, TX 75662

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land

    Type:Special Purpose
    Lot size:
    3.00 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    535
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 331 N Longview St

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Vivian Butler

    Listing agent Vivian Butler License #TX

    Listing office CENTURY 21 Heritage Realty

    Listing date Oct 24, 2024

    Source Crexi

    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 CENTURY 21 Heritage Realty

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northview Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.876353
    Latitude
    32.391231

    Nearby Similar for Sale

    • $370,000

      Kilgore Commercial Property with Drive-Thru

      High-visibility commercial property near Kilgore College with dual drive-thru.
      207 N Henderson Blvd., Kilgore, TX 75662
      View Details
    • $379,900

      Kilgore Metal Shop with Office

      Versatile metal shop with office space on one acre.
      1067 S Old Hwy 135, Kilgore, TX 75662
      View Details
    • $250,000
      5,027 SF

      Kilgore Building: Versatile Commercial Potential

      Gregg County property ideal for owner-users or investors.
      1009 Brook Dr, Kilgore, TX 75662
      View Details
    • $700,000

      Versatile Kilgore Office, Shop, Warehouse Facility

      Multi-use property with warehouse, office, and residential potential.
      5678 E FM 1249, Kilgore, TX 75662
      View Details
    • $745,000

      Kilgore Commercial Property with Warehouse

      Commercial property with office and warehouse space on 2.48 acres.
      1510 N SH 135, Kilgore, TX 75662
      View Details
    • $700,000

      Versatile Kilgore Office, Shop, Warehouse Facility

      Office, shop, warehouse, and service yard facility on 4.869 acres.
      5678 E FM 1249, Kilgore, TX 75662
      View Details
    • $425,000

      Kilgore Acreage Near I-20

      3-acre commercial land tract with high visibility and accessibility.
      Tbd N State Highway 135, Kilgore, TX 75662
      View Details
    • $300,000
      1,271 SF

      Kilgore Commercial Land Opportunity

      Commercial land near Kilgore College with redevelopment potential.
      1000 S Henderson Blvd., Kilgore, TX 75662
      View Details
    • $85,000

      Remodeled Commercial Property in Kilgore

      Recently remodeled commercial property suitable for various professional services.
      2410 Angeline Street, 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
    • $370,000

      Kilgore Commercial Property on Hwy 259

      Highly visible commercial property near Kilgore College with strong traffic.
      207 N Henderso Boulevard, Kilgore, TX 75662
      View Details
    • $5,750,000

      Kilgore Industrial Investment Property

      Income-producing industrial property leased to Bishop Lifting through 2034.
      853 Marvin A Smith, Kilgore, TX 75662
      View Details

    FAQs

    Where is this commercial land located?
    The property is located at 331 N Longview St Kilgore, TX.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Prime commercial land opportunity in Kilgore, TX with 3+/- acres.; Excellent location with easy access to major highways, offering high visibility and traffic flow.; Versatile land suitable for retail, office, or industrial development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vivian Butler
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!