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    31 Us Hwy Kilgore, TX 75662
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    31 Us Hwy Kilgore, TX 75662

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    • Industrial properties
    • 5.00 lot acres
    For Sale
    $445,000
    View Listing →
    perfect for your commercial or industrial business.\r\n \r\n """"}""" For Sale
    $445,000

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

    Kilgore Industrial Land - Hwy 31

    31 Us Hwy, Kilgore, TX 75662
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 31 Us Hwy

    Lot size
    5.00 lot acres
    Property type
    Industrial properties

    Description

    Five Acres, High-Traffic Commercial Lot

    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
    -94.8792
    Latitude
    32.397

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      101 State Hwy 31st W

      INDUSTRIAL (GENERAL) • 1.55 Acres
      101 State Hwy 31st W, Kilgore, TX 75662-6227
      View Details
    • Value Estimation
      $1,905,000
      42,648 SF

      Sh 42

      INDUSTRIAL (GENERAL) • 42,648 SF
      Sh 42, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      960 SF

      9972 Fm 1249th E

      INDUSTRIAL (GENERAL) • 960 SF
      9972 Fm 1249th E, Kilgore, TX 75662-7202
      View Details
    • Value Estimation
      $690,000
      15,408 SF

      13305 Fm 2012

      INDUSTRIAL (GENERAL) • 15,408 SF
      13305 Fm 2012, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      3,925 SF

      7797 Fm 349

      INDUSTRIAL (GENERAL) • 3,925 SF
      7797 Fm 349, Kilgore, TX 75662-1875
      View Details
    • Value Estimation by Request
      7,055 SF

      2109 Industrial Blvd

      INDUSTRIAL (GENERAL) • 7,055 SF
      2109 Industrial Blvd, Kilgore, TX 75662-9333
      View Details

    Similar Nearby for Sale

    • $449,800
      39.38 Acres

      Kilgore Industrial Land & Buildings

      39 Acres, Multiple Buildings, Hwy 42 Frontage
      2217 Industrial Blvd, Kilgore, TX 75662
      View Details
    • $314,600
      5.72 Acres

      Kilgore Land Ready For Development

      5.72 acre tract in River Bend Business Center, Kilgore, TX.
      529 Marvin A. Smith Dr, 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
      View Details
    • Contact for pricing

      Liberty City Land Opportunity

      Half-acre property with metal building in high-traffic area.
      4317 Fm 1252, Kilgore, TX 75662
      View Details
    • $1,000,000
      18,948 SF

      Kilgore Industrial Property - 4.86 Acres

      Versatile Industrial Facility: Office, Shop, Warehouse
      5678 Fm 1249, Kilgore, TX 75662
      View Details
    • $1,500,000

      Historic Landmark in Downtown Kilgore

      21,000 SF mixed-use facility on 1.3 acres for sale.
      500 E Main St, Kilgore, TX 75662
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Retail/Office Front

      Warehouse featuring a retail and office component at the front.
      401 S Commerce St, Kilgore, TX 75662
      View Details
    • $7 SF/Yr

      Kilgore Warehouse and Industrial Space

      Two buildings available for lease in Kilgore, Texas.
      2300 Us-259 Bus, 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
    • Contact for pricing

      Retail Space in Kilgore Midtown

      59,154 SF shopping center with diverse retailers.
      102 Midtown Plz, Kilgore, TX 75662
      View Details
    • Contact for pricing
      5,000 SF

      Kilgore Retail Space For Lease

      89,679 SF shopping center with restaurant opportunities.
      1003-1039 N Kilgore St, Kilgore, TX 75662
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Kilgore, TX

      Retail space available for lease in Kilgore, Texas.
      Kilgore, TX 75662
      View Details
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    Kilgore, TX 75662
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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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