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    Property profile & analytics

    1016 Cox Dr Kilgore, TX 75662-8452

    • Industrial properties
    • 3,000 SF
    • 10.21 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    6.2%
    Industrial properties
    Location Intelligence
    Property ID
    US82-2009550
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Universal Pressure Pumping / Drilling Contractor
    • Culberson Construction Inc. / Oil & Natural Gas Company

    Property Details for 1016 Cox Dr

    Year built
    1982
    Lot size
    10.21 lot acres
    Property size
    3,000 SF
    Property type
    Industrial properties
    APN
    0153026600-026-00-04
    APU
    1530266000260004

    Description

    This Kilgore, Texas property offers a substantial 8,300-square-foot commercial-industrial space, ideal for manufacturing, flex, warehouse, or distribution operations. The property features two buildings. The first building comprises a spacious 3,200-square-foot warehouse with a 16-foot clear height, two 12'x12' overhead doors, and 1,500 square feet of office space including a reception area and restrooms. The second building offers an additional 3,600 square feet of office space with restrooms. The property sits on a six-acre lot, providing ample outdoor storage or parking. An additional five acres of land are available for purchase next door, offering potential for expansion. The monthly rent is $6,500 plus NNN charges. The property is currently vacant and ready for immediate occupancy. Located at 1016 Cox Dr, Kilgore, TX 75662, this property presents a unique opportunity for businesses seeking a versatile and expansive industrial space in a convenient location. The single-tenant occupancy ensures exclusive use of the entire facility. This property is zoned for industrial use and offers significant potential for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $270,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $232,000
      Market price range: $64.1k - $233k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.8611
    Latitude
    32.4264
    CBSA code
    30980
    CBSA name
    LONGVIEW, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,299
    $76,580
    $356,740
    $433,320
    -
    $76,580
    $356,740
    $433,320

    Comparable in this City

    • Value Estimation
      $845,000
      68,587 SF

      1 Skeeter Rd

      INDUSTRIAL (GENERAL) • 68,587 SF
      1 Skeeter Rd, Kilgore, TX 75662-6157
      View Details
    • Value Estimation
      $500,000
      13,968 SF

      4200 Stone Rd

      INDUSTRIAL (GENERAL) • 13,968 SF
      4200 Stone Rd, Kilgore, TX 75662-6935
      View Details
    • Value Estimation
      $755,000
      61,000 SF

      2510 Woodbine Dr

      INDUSTRIAL (GENERAL) • 61,000 SF
      2510 Woodbine Dr, Kilgore, TX 75662-1269
      View Details
    • Value Estimation
      $750,000
      88,188 SF

      3100 Industrial Blvd

      INDUSTRIAL (GENERAL) • 88,188 SF
      3100 Industrial Blvd, Kilgore, TX 75662-9335
      View Details
    • Value Estimation
      $915,000
      110,668 SF

      1010 Energy Dr

      INDUSTRIAL (GENERAL) • 110,668 SF
      1010 Energy Dr, Kilgore, TX 75662-5534
      View Details
    • Value Estimation by Request
      3,750 SF

      770 Old Gladewater Hwy

      Distribution properties • 3,750 SF
      770 Old Gladewater Hwy, Kilgore, TX 75662
      View Details

    Similar Nearby for Sale

    • $449,800
      39.38 Acres

      Kilgore Industrial Land & Buildings

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      View Details
    • $100,000

      Kilgore Industrial Property: Prime Location

      Rare Opportunity: Build Your Business
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    • $100,000

      Kilgore Industrial Property: Prime Location

      Half-acre lot with metal building, high visibility.
      4317 Fm 1252, Kilgore, TX 75662
      View Details
    • $445,000
      5.00 Acres

      perfect for your commercial or industrial business.\r\n \r\n """"}"""

      Kilgore Industrial Land - Hwy 31
      31 Us Hwy, Kilgore, TX 75662
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    • $450,000

      Kilgore Industrial Property - $450k

      Restaurant Space, 6000 SF, Lease Option
      2700 Us Hwy. 259, Kilgore, TX 75662
      View Details
    • $350,000

      Kilgore Industrial Warehouse - $350K

      Move-in ready warehouse with extra land.
      312 Higginbotham Rd, Kilgore, TX 75662
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      7,841 SF

      Versatile Commercial Space in Kilgore

      8,000 SF Class A office, showroom, and warehouse space.
      2002 Synergy Blvd, Kilgore, TX 75662
      View Details
    • Contact for pricing
      4,000 SF

      Kilgore Warehouse Space Available

      4,000 square foot warehouse space for lease in Kilgore.
      2721 State Highway 31 E, Kilgore, TX 75662
      View Details
    • $11,025 /Mo
      16,553 SF

      Kilgore Commercial Property For Lease

      Versatile office, showroom, and warehouse space in Kilgore, Texas.
      2002 Synergy Blvd, Kilgore, TX 75662
      View Details
    • $6,000 /Mo
      7,841 SF

      Kilgore Warehouse with Office/Showroom

      Versatile commercial property with office, showroom, and warehouse space.
      2002 Synergy Blvd Ste 200 Blvd, Kilgore, TX 75662
      View Details
    • $7 SF/Yr
      57,534 SF

      2300 Us-259 Bus

      Flex space • 57,534 SF
      2300 Us-259 Bus, Kilgore, TX 75662
      View Details
    • Contact for pricing
      4,943 SF

      Kilgore Retail Space For Lease

      89,679 SF shopping center with restaurant opportunities.
      1003-1039 N Kilgore St, Kilgore, TX 75662
      View Details
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    Kilgore, TX 75662-8452
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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