Property profile

2019 Henderson Blvd Kilgore, TX 75662

OFF-MARKET
Commercial land
Property ID
US82-7836526
0.39 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, multi-tenant office building situated in the heart of Kilgore, Texas. The 6,000 square foot property, located at 2019 S Henderson Blvd, is comprised of four suites within a single, one-story building on a half-acre lot with Highway 259 frontage. Currently housing a mix of medical and spa tenants, this property boasts 100% occupancy with a gross lease structure. Each suite offers approximately 3 exam rooms, two restrooms (one public, one private), a reception and waiting area, executive offices, and a work room. The suites are comfortably arranged around a shared courtyard with convenient interior access. Recent updates in 2022 enhance the property's appeal. Ample parking is available. The property's zoning permits commercial use and its central Kilgore location within Rusk County provides excellent visibility and accessibility. The asking price is $365,000, translating to $60.83 per square foot. The property's versatile design presents potential for subdivision into individual salon, spa, or creative office spaces. All utilities are available. This is a rare opportunity to acquire a high-performing, multi-tenant office building in a desirable location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.39 ac (16,988 SF)
APN 3790000008-001-00-04
UPID US82-7836526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician
  • Medical Clinic
  • Spa & Massage Center Skin Care Clinic

Location

2019 Henderson Blvd Kilgore, TX 75662-3567
Kilgore metro LONGVIEW, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2014
$189,900
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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