Flex Building with Fenced
New
For Sale
$279,000
812 S Commerce St., Kilgore, TX 75662
A front office and open shop area provide separate administrative and work spaces.
Property Size3,600 SF
Lot Size0.49 Acres
Price / SF$77.50
Days on Market2
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
Warehouse & Industrial
Warehouse Space
3,200 SF
Office Build-Out
400 SF
Additional Details
Automotive Uses
auto repair
Real Estate Included
Yes
Amenities
finished front office area
bathroom
spacious open shop space
one large bay door
fenced rear yard
Building Details
Building Size
3,600 SF
Year Built
1998
Buildings
1
Stories
1
Units
1
Construction
metal
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:40AM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
Built in 1998, this 3,600-square-foot flex building has 3,200 square feet of open shop space and a 400-square-foot front office. The metal structure includes a bathroom and one large bay door. Commercial zoning applies to the 0.49-acre property.
A fenced yard occupies the rear of the site, with room for parking and vehicle maneuvering. The property has street frontage.
A fenced yard occupies the rear of the site, with room for parking and vehicle maneuvering. The property has street frontage.
Key Highlights
- 3,600‑square‑foot building on a 0.49‑acre lot
- 3,200 square feet of open shop space plus a 400‑square‑foot front office
- Metal construction, one large bay door, and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,029
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,580
$420.6K
Cap Rate 7%
$300,414
$300.4K
Cap Rate 9%
$233,656
$233.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$32.8K $9.12/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$30.0K $8.34/SF
− OpEx
−$9.0K −$2.50/SF
NOI
$21.0K $5.84/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,580
Cap Rate 7%
$300,414
Cap Rate 9%
$233,656
Alternative Uses
Best Use
Retail
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 17.48%
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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A front office and open shop area provide separate administrative and work spaces.
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 building on a 0.49‑acre lot; 3,200 square feet of open shop space plus a 400‑square‑foot front office; Metal construction, one large bay door, and a bathroom
