Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1021 W Grove St Kaufman, TX 75142

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    1,350 SF warehouse on over an acre near Highway 175.

    Property size:
    1,350 SF
    Lot size:
    1.01 Acres

    Property Features for 1021 W Grove St

    General Information

    Standard status
    Active
    Size
    1,350 SF
    Lot size
    1.01 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Shane Hendrix
    Shane Hendrix
    Source: Exitrealty

    Listing Agency: M&D Real Estate LP Listing Agent: Shane Hendrix

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Highway Visible Kaufman Warehouse For Sale

    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 offers 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 retailers such as Children’s Medical Clinics, McDonald’s, Walmart Supercenter, and Whataburger.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Choo Choo Storage

    Location Insight

    • Map
    • Local Demand
    City
    Kaufman
    County
    Kaufman
    State
    Texas
    Longitude
    -96.319193
    Latitude
    32.5895903

    Nearby Similar for Sale

    • $250,000
      3,654 SF

      Kaufman Mixed-Use Commercial Building

      Two-story commercial property in downtown Kaufman, ideal for various uses.
      505 S Washington St, Kaufman, TX 75142
      View Details
    • $825,000
      2,002 SF

      Kaufman Farm/Ranch on 43 Acres

      43-acre farm with stocked pond and four-bedroom home.
      10393 County Road 4027, Kaufman, TX 75142
      View Details
    • $2,999,499
      6,031 SF

      Modern Farmhouse on 77 Acres

      Luxurious 77-acre farm/ranch property with two modern farm homes.
      11859 County Road 124, Kaufman, TX 75142
      View Details
    • $700,000
      0.27 Acres

      Income-Generating Multifamily Property in Kaufman

      Fully tenanted multifamily property with upgrade potential in Kaufman, Texas.
      301 W Chestnut St, Kaufman, TX 75142
      View Details
    • $275,000
      0.46 Acres

      Historic Church Building For Sale

      116-year-old church on half acre needing renovation.
      1504 E 1St North St, Kaufman, TX 75142
      View Details
    • $1,799,900
      9,832 SF

      Income-Producing Daycare on 27 Acres

      Turnkey daycare business with residence, barn, ponds, and expansion potential.
      9555 County Road 155, Kaufman, TX 75142
      View Details
    • $4,100,000
      2.35 Acres

      Class A Office Investment Opportunity

      14,240 SF Class A office building leased to government agency.
      2525 E Us Hwy 175, Kaufman, TX 75142
      View Details
    • $13,656,000
      843.00 Acres

      Kaufman Ranch with Event Venues

      843-acre ranch featuring lodging, pavilions, and development potential.
      9039 Fm 1895, Kaufman, TX 75142
      View Details
    • $225,000

      Central Kaufman Commercial Property For Sale

      Commercial property in central Kaufman with mixed-use zoning.
      605 S Washington St, Kaufman, TX 75142
      View Details
    • $1,100,000
      4,149 SF

      Kaufman Ranch with Equestrian Amenities

      19.8-acre ranch featuring a renovated home and extensive equestrian facilities.
      1814 Cr 121, Kaufman, TX 75142
      View Details
    • $920,000
      31.21 Acres

      Kaufman Ranch with Ag Exemption

      31-acre country paradise with ponds, barn, and improved pastures.
      1578 County Road 278, Kaufman, TX 75142
      View Details
    • $1,799,900
      2,690 SF

      Income-Producing Ranch with Daycare Business

      27+ acre ranch featuring a home and operational daycare business.
      9549 County Road 155, Kaufman, TX 75142
      View Details

    FAQs

    What type of property is this?
    Warehouse - 1,350 SF warehouse on over an acre near Highway 175.
    Where is this warehouse located?
    The property is located at 1021 W Grove St Kaufman, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Highway 175 visibility with high traffic count (25,048 vehicles per day); - Commercial zoning on just over an acre; - Proximity to Highway 34 and Downtown Kaufman (1.5 miles)
    (469) 757-6132
    Request Owner's contact information
    1021 W Grove St Kaufman, TX 75142
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1021 W Grove St
    Kaufman, TX 75142
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1021 W Grove St Kaufman, TX 75142
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shane Hendrix
    Shane Hendrix
    Real Estate License ID: 0776260
    (469) 757-6132 (214) 460-8926 (972) 922-3691
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!