48-Acre Commercial Warehouse
6055 State Highway 31 W Kilgore, TX 75662
For Sale
$549,000
Pending
For-sale tract along Hwy. 31 with a 6,000 sq ft steel building and on-site cabin overlooking a stocked pond.
Property Size6,000 SF
Lot Size48.00 Acres
Days on Market117
Property Features for 6055 State Highway 31 W
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Lot size
- 48.00 Acres
- Property subtype
- Land
Listing Agency:
Trina Griffith & Company Real Estate
(903) 806-3922
Listed By:
Christy Morse
(903) 806-3922
Source:
Exprealty
Added: Mar 30
Changed: Jul 22
Last Checked: Jul 23 at 10:58AM
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 Trina Griffith & Company Real Estate
Investment Insights
Based on property information with market context.
This 48-acre tract offers a versatile combination of commercial improvements and recreational amenities. The property includes a spacious 6,000 sq ft steel building with durable metal framing, suitable for a range of uses including a warehouse, workshop, or commercial business. The land is described as nicely maintained, with new generation timber growing. Also on site is an “adorable” cabin that overlooks a 32-foot man-made stocked pond fed by three natural springs.
The property is conveniently located on Hwy. 31 near the Country Tavern and features extensive road frontage along Hwy. 31 for access and visibility. Wildlife is described as abundant, with mature game present, creating an outdoors-focused setting.
A moveable taco stand is currently on site and is generating consistent monthly rental income. The listing presents an opportunity to combine commercial utility with a retreat-style property layout, depending on how the buyer plans to use the land and improvements.
The property is conveniently located on Hwy. 31 near the Country Tavern and features extensive road frontage along Hwy. 31 for access and visibility. Wildlife is described as abundant, with mature game present, creating an outdoors-focused setting.
A moveable taco stand is currently on site and is generating consistent monthly rental income. The listing presents an opportunity to combine commercial utility with a retreat-style property layout, depending on how the buyer plans to use the land and improvements.
Key Highlights
- 48‑acre tract along Hwy. 31 near Country Tavern, with extensive road frontage
- 6000 sq ft steel building with durable metal framing, suitable for uses such as warehouse, workshop, or commercial business
- Adorable cabin overlooking a 32‑foot man‑made stocked pond
Financial Insights For Warehouse
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 | $54.7k | $9.12 |
| − Vacancy | −$4.7k | −$0.78 |
| EGI | $50.1k | $8.34 |
| − OpEx | −$7.5k | −$1.25 |
| NOI | $42.6k | $7.09 |
6,000 SF · lease $9.12/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$608.0K
$532.0K – $709.3K
NOI $42,558 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.52M
$3.95M – $5.27M
NOI $316,350 @ 7.0% cap · market cap 57.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hunting land
FAQs
What type of property is this?
Warehouse - For-sale tract along Hwy. 31 with a 6,000 sq ft steel building and on-site cabin overlooking a stocked pond.
Where is this warehouse located?
The property is located at 6055 State Highway 31 W Kilgore, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 48‑acre tract along Hwy. 31 near Country Tavern, with extensive road frontage; 6000 sq ft steel building with durable metal framing, suitable for uses such as warehouse, workshop, or commercial business; Adorable cabin overlooking a 32‑foot man‑made stocked pond
