Neighborhood Commercial Development
3401 Stone Road Kilgore, TX 75662
For Sale
$250,000
COMMERCIAL - Kilgore, TX
Property Size1,744 SF
Lot Size2.88 Acres
Price / SF$143.35
Days on Market332
Property Features for 3401 Stone Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 2.88 Acres
Building Details
- Year built
- 1950
- Number of units
- 1
- Roof type
- Composition
Listing Agency:
East Texas Preferred Properties, LLC - Kilgore
(903) 984-0115
Listed By:
Greg Holmes
(903) 985-6603
Added: Aug 29, 2025
Changed: Jul 24
Last Checked: Jul 26 at 12:06AM
MLS# 20255953
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.
Investment Insights
Based on property information with market context.
This 2.88-acre commercial tract is zoned Neighborhood Commercial and offers flexibility for a range of development and business uses, including retail, office space, service businesses, or a mixed-use concept.
Located on Stone Road, the property is positioned along a well-traveled corridor with frontage for business exposure. In addition to the land, there is a tenant-occupied home onsite built in 1950 with 1,744 square feet, providing income while plans for what comes next are developed.
With the existing home already in place and the remainder of the site available for design, this property supports phased planning and long-term development on the same parcel.
Located on Stone Road, the property is positioned along a well-traveled corridor with frontage for business exposure. In addition to the land, there is a tenant-occupied home onsite built in 1950 with 1,744 square feet, providing income while plans for what comes next are developed.
With the existing home already in place and the remainder of the site available for design, this property supports phased planning and long-term development on the same parcel.
Key Highlights
- 2.88‑acre commercial tract on Stone Road in Kilgore at 3401 Stone Road
- Zoned Neighborhood Commercial, offering flexibility for retail, office, service businesses, or mixed use
- Frontage on Stone Road provides daily visibility to passing traffic
Financial Insights For Apartment 5plus
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 | $25.3k | $14.52 |
| − Vacancy | −$1.6k | −$0.93 |
| EGI | $23.7k | $13.59 |
| − OpEx | −$10.7k | −$6.12 |
| NOI | $13.0k | $7.47 |
1,744 SF · lease $14.52/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,952 @ 7.0% cap · market cap 36.78%
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 - Zoned Neighborhood Commercial with frontage on Stone Road and a tenant-occupied 1950 home onsite.
Where is this commercial land located?
The property is located at 3401 Stone Road Kilgore, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2.88‑acre commercial tract on Stone Road in Kilgore at 3401 Stone Road; Zoned Neighborhood Commercial, offering flexibility for retail, office, service businesses, or mixed use; Frontage on Stone Road provides daily visibility to passing traffic
