Climate-Controlled Historic Flex
500 E MAIN STREET Kilgore, TX 75662
For Sale
$1,500,000
COMMERCIAL - Kilgore, TX
Property Size21,000 SF
Lot Size1.30 Acres
Price / SF$71.43
Days on Market548
Property Features for 500 E MAIN STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 1.30 Acres
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Concrete, Concrete Block, Glass, Metal, Slab, Stucco
Listing Agency:
Coldwell Banker Lenhart - Kilgore
(903) 984-8285
Listed By:
Randy Renshaw
(903) 983-9314
Added: Jan 23, 2025
Changed: Jul 24
Last Checked: Jul 25 at 6:06AM
MLS# 20250475
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 historic flex facility offers a well-maintained building with the majority of the space climate controlled. The property was previously used in an office/retail/service/warehouse configuration, creating flexible interior space suited to a variety of commercial setups.
Located at 500 E Main Street in Kilgore, TX, the property sits on a 1.3-acre lot and provides access from two streets. The building’s size and versatile layout can support a wide range of redevelopment options. Please call for a private showing.
Located at 500 E Main Street in Kilgore, TX, the property sits on a 1.3-acre lot and provides access from two streets. The building’s size and versatile layout can support a wide range of redevelopment options. Please call for a private showing.
Key Highlights
- 21,000 SF well‑maintained facility previously used as office/retail/service/warehouse for Nardis
- Historic building in downtown Kilgore with construction materials including brick, concrete, stucco, glass, and metal
- Built in 1940
Financial Insights For Industrial
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 | $191.5k | $9.12 |
| − Vacancy | −$16.3k | −$0.78 |
| EGI | $175.2k | $8.34 |
| − OpEx | −$52.6k | −$2.50 |
| NOI | $122.7k | $5.84 |
21,000 SF · lease $9.12/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$5.02M
$4.39M – $5.85M
NOI $351,268 @ 7.0% cap · market cap 23.42%
Second Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,955 @ 7.0% cap · market cap 9.93%
Theoretical Best
Hotel Hospitality
$15.82M
$13.84M – $18.45M
NOI $1,107,225 @ 7.0% cap · market cap 73.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nardis
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - Historic flex facility on a 1.3-acre lot with access from two streets in downtown Kilgore.
Where is this flex space located?
The property is located at 500 E MAIN STREET Kilgore, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 21,000 SF well‑maintained facility previously used as office/retail/service/warehouse for Nardis; Historic building in downtown Kilgore with construction materials including brick, concrete, stucco, glass, and metal; Built in 1940
