Flex Space with Fenced
For Sale
$279,000
812 S Commerce St., Kilgore, TX 75662
Insulated metal commercial building with office space, a large bay door, and a secured outdoor work area.
Property Size3,600 SF
Lot Size0.49 Acres
Price / SF$77.50
Days on Market14
Property Features for 812 S Commerce St.
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
400 SF
Building Details
Building Size
3,600 SF
Year Built
1998
Buildings
1
Stories
1
Units
1
Construction
metal
Listing Agency:
Ramsey Realty Group
(903) 452-8892
Listed By:
Jeffery Ramsey · License #0575649
(903) 452-8892
Source:
Fullhouserealtytx
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 24 at 6:12AM
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 Ramsey Realty Group
Investment Insights
Based on property information with market context.
This 3,600-square-foot flex property was built in 1998 and features an insulated metal building with a practical separation between work and administrative areas. The interior includes 3,200 square feet of open shop space, a 400-square-foot office, a finished front office area, and a bathroom. One large bay door supports equipment movement and shop operations.
The property occupies 0.49 acres at 812 S Commerce St. in Kilgore, Texas, with street frontage, parking and maneuvering area, and a fenced rear yard. The outdoor space can accommodate equipment, storage, or work vehicles. Its commercial zoning and existing layout support automotive, fabrication, repair, service, and contractor operations.
The property occupies 0.49 acres at 812 S Commerce St. in Kilgore, Texas, with street frontage, parking and maneuvering area, and a fenced rear yard. The outdoor space can accommodate equipment, storage, or work vehicles. Its commercial zoning and existing layout support automotive, fabrication, repair, service, and contractor operations.
Key Highlights
- 3,600‑square‑foot flex building on a 0.49‑acre lot
- 3,200 square feet of open shop space plus a 400‑square‑foot office
- Insulated metal construction built in 1998
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
$25,535
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
9.15%
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%
$510,700
$510.7K
Cap Rate 7%
$364,786
$364.8K
Cap Rate 9%
$283,722
$283.7K
Market Conditions
NOI Build-Up for 3,600 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
$32.8K $9.12/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$30.0K $8.34/SF
− OpEx
−$4.5K −$1.25/SF
NOI
$25.5K $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%
$510,700
Cap Rate 7%
$364,786
Cap Rate 9%
$283,722
Alternative Uses
Best Use
Warehouse
$364.8K
$319.2K – $425.6K
NOI $25,535 @ 7.0% cap · market cap 9.15%
Second Best
Industrial
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 7.54%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,810 @ 7.0% cap · market cap 68.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Insulated metal commercial building with office space, a large bay door, and a secured outdoor work area.
Where is this flex space located?
The property is located at 812 S Commerce St. Kilgore, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,600‑square‑foot flex building on a 0.49‑acre lot; 3,200 square feet of open shop space plus a 400‑square‑foot office; Insulated metal construction built in 1998
