Highway 175 Warehouse For
For Sale
$325,000
1021 W Grove Street, Kaufman, TX 75142
1,350 SF warehouse with highway visibility in Kaufman, Texas.
Property Size1,350 SF
Lot Size1.00 Acre
Price / SF$240.74
Days on Market116
Property Features for 1021 W Grove Street
General Information
Standard status
Active
Size
1,350 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
1,350 SF
Year Built
1900
Stories
1
Units
1
Listing Agency:
M&D CRE, LLC
(469) 757-6132
Listed By:
Shane Hendrix · License #0776260
(214) 460-8926
Source:
Signaturere
Added: Apr 22
Changed: Aug 7
Last Checked: Aug 14 at 2:30PM
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 M&D CRE, LLC
Investment Insights
Based on property information with market context.
This 1,350 square-foot warehouse is located just off Highway 175 and Downtown Kaufman, Texas. The property features an open floor plan, two grade level doors, and one restroom. Situated on just over an acre, the site is zoned commercial and benefits from visibility from Highway 175, which sees over 25,048 vehicles per day. The property is in a high traffic area, approximately 1.5 miles from State Highway 34 and Downtown Kaufman. The surrounding area includes major retailers such as Children's Medical Clinics, McDonald's, Walmart Supercenter, and Whataburger.
Key Highlights
- High visibility location on Highway 175 with over 25,048 vehicles per day
- Zoned commercial on just over an acre
- Convenient access to Highway 175, State Highway 34, and Downtown Kaufman
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
$9,388
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
2.89%
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%
$187,760
$187.8K
Cap Rate 7%
$134,114
$134.1K
Cap Rate 9%
$104,311
$104.3K
Market Conditions
NOI Build-Up for 1,350 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
$12.2K $9.00/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$11.0K $8.18/SF
− OpEx
−$1.7K −$1.23/SF
NOI
$9.4K $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%
$187,760
Cap Rate 7%
$134,114
Cap Rate 9%
$104,311
Alternative Uses
Best Use
Warehouse
$134.1K
$117.4K – $156.5K
NOI $9,388 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$124.1K
$108.6K – $144.8K
NOI $8,687 @ 7.0% cap · market cap 2.67%
Theoretical Best
Multifamily LT 5
$16.99M
$14.87M – $19.82M
NOI $1,189,325 @ 7.0% cap · market cap 365.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 1,350 SF warehouse with highway visibility in Kaufman, Texas.
Where is this warehouse located?
The property is located at 1021 W Grove Street Kaufman, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: High visibility location on Highway 175 with over 25,048 vehicles per day; Zoned commercial on just over an acre; Convenient access to Highway 175, State Highway 34, and Downtown Kaufman
