Insulated Flex Building with
For Sale
$999,000
15821 E US HWY 175, Kemp, TX 75143
Commercial Sale, Kemp, TX
Property Size7,200 SF
Price / SF$138.75
Days on Market566
Property Features for 15821 E US HWY 175
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Subdivision
Kaufman
Standard status
Active
APN
99.0254.0000.0070.00.04.05
Size
7,200 SF
Taxes and HOA fees
Tax Description
APPROX .503 AC JNO G JACOBS SUR, A-254
Legal Description
APPROX .503 AC JNO G JACOBS SUR, A-254
Building Details
Year built
2021
Listing Agency:
Coldwell Banker American Dream Realty
(903) 887-7055
Listed By:
Buck Gentry · License #0416423
(903) 880-2444
Added: Feb 4, 2025
Changed: Aug 19
Last Checked: Aug 24 at 10:06PM
MLS# 108315
Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 7,200-square-foot COMM-zoned flex property combines office, warehouse, and equipment-storage functionality. The 60-by-120-foot building is foam insulated and includes six roll-up doors plus four walk-through doors. Approximately 1,200 square feet downstairs provides a large office area, two smaller offices, two bathrooms, and a kitchenette. The approximately 1,500-square-foot upper level contains eight offices, a full-size kitchen, and dining space, while approximately 6,000 square feet remains dedicated to warehouse use.
The property is located at 15821 E US Hwy 175 in Kemp, Texas, between Kemp and Mabank and near Cedar Creek Lake. Current use includes a pool-service office along with construction equipment parking and storage, providing a documented operating configuration for the existing improvements.
The property is located at 15821 E US Hwy 175 in Kemp, Texas, between Kemp and Mabank and near Cedar Creek Lake. Current use includes a pool-service office along with construction equipment parking and storage, providing a documented operating configuration for the existing improvements.
Key Highlights
- 7,200‑square‑foot flex property completed in 2021
- 60x120 building with 6 roll‑up doors and 4 walk‑through doors
- Approximately 6,000 square feet of foam‑insulated warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,068
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,360
$1.0M
Cap Rate 7%
$715,257
$715.3K
Cap Rate 9%
$556,311
$556.3K
Market Conditions
NOI Build-Up for 7,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.8K $9.00/SF
− Vacancy
−$5.9K −$0.82/SF
EGI
$58.9K $8.18/SF
− OpEx
−$8.8K −$1.23/SF
NOI
$50.1K $6.95/SF
Area
Kaufman County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,001,360
Cap Rate 7%
$715,257
Cap Rate 9%
$556,311
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $123,918 @ 7.0% cap · market cap 12.40%
Second Best
Warehouse
$715.3K
$625.9K – $834.5K
NOI $50,068 @ 7.0% cap · market cap 5.01%
Theoretical Best
Multifamily LT 5
$90.62M
$79.29M – $105.72M
NOI $6,343,067 @ 7.0% cap · market cap 634.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75143, TX
15,349
Population
7,088
Households
2.2
Avg Household Size
45
Median Age
18%
College-Educated
86%
High-School Grad
181.9 sq mi
ZIP Area
84
Density / Sq Mi
$68,996
Median Household Income
$41,273
Median Earnings
$1,163
Median Rent
$173,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed office and warehouse configuration with enclosed offices, kitchens, bathrooms, and multiple service entrances.
Where is this flex space located?
The property is located at 15821 E US HWY 175 Kemp, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 7,200‑square‑foot flex property completed in 2021; 60x120 building with 6 roll‑up doors and 4 walk‑through doors; Approximately 6,000 square feet of foam‑insulated warehouse space
