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

    1004 Martin Luther King Jr Dr Kilgore, TX 75662-5146

    • Commercial real estate
    • 4,440 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5139143
    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

    • Commercial real estate

    Property Details for 1004 Martin Luther King Jr Dr

    Year built
    1974
    Lot size
    0.87 lot acres
    Property size
    4,440 SF
    Property type
    Commercial real estate
    APN
    2127000000-001-00-04
    APU
    21270000000010004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.8832
    Latitude
    32.3949
    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
    $2,897
    $4,350
    $123,980
    $128,330
    -
    $4,350
    $123,980
    $128,330

    Comparable in this City

    • Value Estimation by Request
      1.99 Acres

      3212 I-20 E Service Rd

      Commercial real estate • 1.99 Acres
      3212 I-20 E Service Rd, Kilgore, TX 75662
      View Details
    • Value Estimation by Request

      23450 Hwy

      Commercial real estate
      23450 Hwy, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      9.55 Acres

      3053 State Hwy 31st W

      COMMERCIAL (GENERAL) • 9.55 Acres
      3053 State Hwy 31st W, Kilgore, TX 75662-7011
      View Details
    • Value Estimation by Request
      0.33 Acres

      1704 State Hwy 31st E

      COMMERCIAL (GENERAL) • 0.33 Acres
      1704 State Hwy 31st E, Kilgore, TX 75662-6802
      View Details
    • Value Estimation by Request
      0.07 Acres

      Stone Rd

      COMMERCIAL (GENERAL) • 0.07 Acres
      Stone Rd, Kilgore, TX 75662
      View Details
    • Value Estimation by Request
      0.33 Acres

      1410 Henderson Blvd

      COMMERCIAL (GENERAL) • 0.33 Acres
      1410 Henderson Blvd, Kilgore, TX 75662
      View Details

    Similar Nearby for Sale

    • $100,000

      Kilgore Industrial Property: Prime Location

      Rare Opportunity: Build Your Business
      4317 Fm 1252, Kilgore, TX 75662
      View Details
    • $350,000

      Prime Kilgore Commercial Property

      Turnkey Business, RV Resort, Restaurant
      23450 Hwy, Kilgore, TX 75662
      View Details
    • $100,000

      Kilgore Industrial Property: Prime Location

      Half-acre lot with metal building, high visibility.
      4317 Fm 1252, Kilgore, TX 75662
      View Details
    • $350,000
      0.49 Acres

      312 Higginbotham Rd, Kilgore, TX 75662

      Commercial real estate • 0.49 Acres
      312 Higginbotham Rd, Kilgore, TX 75662
      View Details
    • $850,000

      Established Kilgore Business Opportunity

      Profitable Outdoor Power Equipment Business
      2704 Us 259, Kilgore, TX 75662
      View Details
    • $239,900
      0.88 Acres

      Kilgore Commercial Property - Huge Potential

      Prime Kilgore location, multiple buildings, high sq ft.
      428 Longview St, Kilgore, TX 75662
      View Details

    Similar Nearby for Lease

    • 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
    • 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

      Walmart Outparcel Pad Site

      Signalized corner pad site at Walmart entrance.
      1509 N Us Highway 259, 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
    • $22 SF/Yr
      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
    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.
    1004 Martin Luther King Jr Dr
    Kilgore, TX 75662-5146
    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.