Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    259 And Stone Rd Kilgore, TX 75662

    • Land
    • 0.69 lot acres
    For Sale
    View listing
    $585,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 259 And Stone Rd

    Lot size
    0.69 lot acres
    Property type
    Land

    Description

    This exceptional 0.69-acre development site presents a remarkable investment opportunity in the thriving Kilgore retail corridor. Strategically located at the intersection of Highway 259 and Stone Road, this property benefits from high visibility and exceptional accessibility. Its prime location is situated just north of Kilgore Junior College, placing it within close proximity to a significant student population and ensuring consistent foot traffic. Furthermore, the site's adjacency to a Walmart Supercenter provides a strong anchor tenant, attracting substantial consumer traffic. The property features a signalized intersection, enhancing visibility and ease of access for potential businesses. The asking price is $585,000, translating to a land value of $15 per square foot. This represents a compelling opportunity to acquire a highly desirable commercial parcel in a rapidly growing area with significant development potential. The property's location within Gregg County, Texas, and its proximity to established retail and educational institutions make it an attractive proposition for investors seeking a strong return on investment. The 75662 zip code further underscores the property's strategic location within a vibrant and expanding commercial hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.8621
    Latitude
    32.3923

    Comparable in this City

    • Value Estimation by Request
      18.41 Acres

      6265 Highway 42

      Land • 18.41 Acres
      6265 Highway 42, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      3.78 Acres

      4811 State Highway 31

      Farms • 1,848 SF
      4811 State Highway 31, Kilgore, TX 75662
      View Details
    • Value Estimation by Request

      23450 Hwy

      Distribution properties
      23450 Hwy, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      0.20 Acres

      2800 Hale St

      Land • 1,318 SF
      2800 Hale St, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      43.50 Acres

      43.5 Acre Off Watson Rd

      Agricultural land • 43.50 Acres
      0 43.5 Acre Off Watson Rd, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      10.22 Acres

      5430 Crk 292

      Land • 10.22 Acres
      5430 Crk 292, Kilgore, TX 75662
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      East Texas Treed Land Parcel

      Over 330 acres of heavily treed land for sale.
      000 S Crk 245 N, Kilgore, TX 75662
      View Details
    • $160,000
      12.75 Acres

      Kilgore Land Tract For Sale

      12.75-acre tract ideal for custom home or ranch.
      Tbd Fm 2204, Kilgore, TX 75662
      View Details
    • Contact for pricing

      East Texas Treed Land Parcel

      Over 330 acres of heavily treed land in East Texas.
      000 S County Road 245 N, Kilgore, TX 75662
      View Details
    • Contact for pricing

      Land For Sale Kilgore, TX

      Land available for sale in Kilgore, Texas.
      6 Cox Dr, Kilgore, TX 75662
      View Details
    • $103,500
      3.14 Acres

      Kilgore Commercial Land - $103,500

      3+ Acres Prime Commercial Land
      331 Longview St, Kilgore, TX 75662
      View Details
    • $350,000

      23450 E Hwy 31

      Distribution properties
      23450 State Highway 31, Kilgore, TX 75662
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Walmart Outparcel Pad Site

      Signalized corner pad site at Walmart entrance.
      1509 N Us Highway 259, Kilgore, TX 75662
      View Details
    • $55 SF/Yr
      59,154 SF

      Kilgore Retail Center Opportunity

      High-traffic retail space available in Kilgore, TX
      102 Midtown Plz, Kilgore, TX 75662
      View Details
    • $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
    • $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
      2,960 SF

      Freestanding Building on Hard Corner

      Freestanding building suitable for medical or retail use.
      2826 S Henderson Blvd, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    259 And Stone Rd
    Kilgore, TX 75662
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.