I-20 Distribution
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474 State Highway 42 North West Access Road, Kilgore, TX 75662
Industrial facility with highway access and a configuration suited to distribution, light manufacturing, or service operations.
Property Size7,650 SF
Price / SF$100
Days on Market126
Property Features for 474 State Highway 42 North West Access Road
General Information
Standard status
Active
Size
7,650 SF
Property subtype
Retail, Industrial
Lease Type
NN
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Buildings
1
Building Size
7,650 SF
Listing Agency:
Expansion Realty Partners
(512) 484-3002
Listed By:
Andy Kutach · License #TX 688162
Source:
Crexi
Added: Apr 27
Changed: Aug 29
Last Checked: Aug 29 at 9:46PM
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 Expansion Realty Partners
Investment Insights
Based on property information with market context.
This 7,650-square-foot industrial building was constructed in 2000 and is positioned for distribution, light manufacturing, or service operations. The facility offers a practical setting for businesses requiring industrial space and direct transportation access.
The property is located at 474 State Highway 42 North West Access Road in Kilgore, Texas, with immediate access to I-20 and frontage along a major regional transportation corridor.
The property is located at 474 State Highway 42 North West Access Road in Kilgore, Texas, with immediate access to I-20 and frontage along a major regional transportation corridor.
Key Highlights
- 7,650 SF industrial building
- Built in 2000
- Immediate access to I‑20
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
$54,262
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
7.09%
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%
$1,085,240
$1.1M
Cap Rate 7%
$775,171
$775.2K
Cap Rate 9%
$602,911
$602.9K
Market Conditions
NOI Build-Up for 7,650 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
$69.8K $9.12/SF
− Vacancy
−$5.9K −$0.78/SF
EGI
$63.8K $8.34/SF
− OpEx
−$9.6K −$1.25/SF
NOI
$54.3K $7.09/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
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%
$1,085,240
Cap Rate 7%
$775,171
Cap Rate 9%
$602,911
Alternative Uses
Best Use
Warehouse
$775.2K
$678.3K – $904.4K
NOI $54,262 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$638.4K
$558.6K – $744.8K
NOI $44,686 @ 7.0% cap · market cap 5.84%
Theoretical Best
Hotel Hospitality
$5.76M
$5.04M – $6.72M
NOI $403,346 @ 7.0% cap · market cap 52.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with highway access and a configuration suited to distribution, light manufacturing, or service operations.
Where is this distribution center located?
The property is located at 474 State Highway 42 North West Access Road Kilgore, TX.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 7,650 SF industrial building; Built in 2000; Immediate access to I‑20
