Renovated Office with Private
For Sale
$374,777
1007 S Washington Street, Kaufman, TX 75142
Corner-lot office with a kitchen, restrooms, porch, and circular-drive access.
Property Size1,490 SF
Lot Size0.31 Acres
Price / SF$251.53
Days on Market131
Property Features for 1007 S Washington Street
General Information
Standard status
Active
Size
1,490 SF
Lot size
0.31 Acres
Property subtype
Commercial
Zoning
COM
Additional Details
Office Units
1
Amenities
full kitchen
brick front porch
Building Details
Building Size
1,490 SF
Year Built
2019
Buildings
1
Stories
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Coldwell Banker Apex, REALTORS
(214) 728-0482
Listed By:
Cory Wiggins · License #0742189
Source:
Signaturere
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 1:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
Renovated office property containing 1,490 square feet on a 0.31-acre corner lot. The 2019 building includes three private offices, a full kitchen with a separate eating area, and two restrooms. Building systems, roofing, the porch, and parking pad have been redone, while solid wood interior doors and a mahogany entry door provide durable finish details.
An exterior brick porch welcomes visitors, and the circular drive supports convenient arrival and additional parking. The property is located at 1007 S Washington Street in Kaufman, Texas, minutes from downtown. COM zoning is in place, and the current layout is configured for office use.
An exterior brick porch welcomes visitors, and the circular drive supports convenient arrival and additional parking. The property is located at 1007 S Washington Street in Kaufman, Texas, minutes from downtown. COM zoning is in place, and the current layout is configured for office use.
Key Highlights
- 1,490 SF office building on a 0.31‑acre corner lot
- Three private offices, full kitchen, designated eating area, and two restrooms
- 2019 construction with renovated electrical, plumbing, roof, porch, and parking pad
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
$25,644
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
6.84%
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%
$512,880
$512.9K
Cap Rate 7%
$366,343
$366.3K
Cap Rate 9%
$284,933
$284.9K
Market Conditions
NOI Build-Up for 1,490 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
$45.8K $30.72/SF
− Vacancy
−$11.6K −$7.77/SF
EGI
$34.2K $22.95/SF
− OpEx
−$8.5K −$5.74/SF
NOI
$25.6K $17.21/SF
Area
Kaufman County, TX
Vacancy
25.30%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$512,880
Cap Rate 7%
$366,343
Cap Rate 9%
$284,933
Alternative Uses
Best Use
Office B
$366.3K
$320.6K – $427.4K
NOI $25,644 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.75M
$16.41M – $21.88M
NOI $1,312,662 @ 7.0% cap · market cap 350.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 75142, TX
21,952
Population
7,699
Households
2.9
Avg Household Size
36
Median Age
14%
College-Educated
78%
High-School Grad
181.2 sq mi
ZIP Area
121
Density / Sq Mi
$78,301
Median Household Income
$40,657
Median Earnings
$1,301
Median Rent
$208,900
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?
Office building - Corner-lot office with a kitchen, restrooms, porch, and circular-drive access.
Where is this office building located?
The property is located at 1007 S Washington Street Kaufman, TX.
What is the asking price?
The asking price for this property is $374,777.
What are key features of this property?
This property features: 1,490 SF office building on a 0.31‑acre corner lot; Three private offices, full kitchen, designated eating area, and two restrooms; 2019 construction with renovated electrical, plumbing, roof, porch, and parking pad
