Property profile & analytics
3201 Goforth Rd Kilgore, TX 75662-8921
- Industrial properties
- 7,000 SF
- 1.00 lot acres
OFF-MARKET
Value Estimations
$520,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-3990091
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
- Herc Rentals ProSolutions / (Bike/Boat/Book/etc) Store / Rental Equipment Company
- Oil States Energy Services / Gas Company
Property Details for 3201 Goforth Rd
- Year built
- 2011
- Lot size
- 1.00 lot acres
- Property size
- 7,000 SF
- Property type
- Industrial properties
- APN
- 2311010000-003-00-04
- APU
- 23110100000030004
Description
This exceptional investment opportunity presents a fee-simple ownership of a 31,210 square foot storefront property in Kilgore, Texas, fully occupied by Herc Rentals under a net lease. The property, comprised of three buildings on seven acres, boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $183,600. Herc Rentals, a leading equipment rental company with over $3.3 billion in 2023 revenue, occupies the entire space under a lease commencing November 1, 2023, and expiring October 31, 2033, with three five-year renewal options. The lease includes attractive 2% annual rent bumps, providing a hedge against inflation. The property's strategic location at the intersection of E Goforth Road and Fritz Swanson Road, just 0.5 miles from State Highway 135, ensures high visibility and accessibility. Convenient access to major roadways, including TX Route 31, TX Route 42, US Route 259 BUS, and Interstate 20, further enhances its appeal. The property is situated approximately two miles from Kilgore's town center, offering proximity to schools and commercial districts. The strong demographics of the area, with over 22,100 people within a five-mile radius and an average household income exceeding $96,000, contribute to the property's investment potential. Landlord responsibilities are minimal, limited to roof and structure maintenance, making this a truly passive investment opportunity. The asking price is $2,824,615.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $680,000
- 6.5%
- $630,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $542,000
Market price range: $149k - $543k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $315,000 Current use
- COMMERCIAL (GENERAL)
- $730,000 Change: +133% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Kilgore
- County
- Gregg
- State
- Texas
- Longitude
- -94.8989
- Latitude
- 32.412
- 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
$14,553
$33,600
$680,890
$714,490
-
$33,600
$680,890
$714,490
