Leased Retail and Restaurant
For Sale
Contact for pricing
200 S Kaufman Street Unit #A B C, Ennis, TX 75119
Fully leased multi-unit storefront building with commercial-grade kitchen equipment along a heavily traveled corridor.
Property Size3,540 SF
Price / SF$381.36
Days on Market71
Property Features for 200 S Kaufman Street Unit #A B C
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Retail
Zoning
COMMERCIAL
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$97,280
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
City Real Estate
(972) 938-1090
Listed By:
Amelia Valdez · License #TX 579294
Source:
Crexi
Added: Jun 22
Changed: Aug 25
Last Checked: Aug 30 at 5:57PM
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 City Real Estate
Investment Insights
Based on property information with market context.
200 S Kaufman Street Unit #A,B,C is a thoughtfully renovated commercial property featuring multiple income-producing units, currently 100% leased. Lease terms extend approximately two more years, providing near-term stability for an investor. Interior improvements include custom rustic design elements and high-end finishes, along with commercial-grade kitchen equipment that is set to convey with the sale.
The property is positioned along the highly visible and heavily traveled Kaufman Street corridor, described as one of the city’s primary gateways into Ennis. The listing notes continued corridor improvements and convenient day-to-day access associated with the thoroughfare.
In addition to the existing units, the property includes an additional development lot with capacity for two additional incubator-style commercial units. The extra land also offers flexibility for expanded parking to support future growth.
The property is positioned along the highly visible and heavily traveled Kaufman Street corridor, described as one of the city’s primary gateways into Ennis. The listing notes continued corridor improvements and convenient day-to-day access associated with the thoroughfare.
In addition to the existing units, the property includes an additional development lot with capacity for two additional incubator-style commercial units. The extra land also offers flexibility for expanded parking to support future growth.
Key Highlights
- Built in 1986: fully leased multi‑unit storefront building with multiple income‑producing units
- 100% leased with established tenants; lease terms extend approximately two more years
- Commercial‑grade kitchen equipment will convey with the sale
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
$58,758
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
4.35%
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%
$1,175,160
$1.2M
Cap Rate 7%
$839,400
$839.4K
Cap Rate 9%
$652,867
$652.9K
Market Conditions
NOI Build-Up for 3,540 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
$88.4K $24.96/SF
− Vacancy
−$4.4K −$1.25/SF
EGI
$83.9K $23.71/SF
− OpEx
−$25.2K −$7.11/SF
NOI
$58.8K $16.60/SF
Area
Ellis County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,175,160
Cap Rate 7%
$839,400
Cap Rate 9%
$652,867
Alternative Uses
Best Use
Retail
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$38.63M
$33.80M – $45.07M
NOI $2,703,906 @ 7.0% cap · market cap 200.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Shops & Services 34%
Dining 27%
Home Improvements & Furnishings 2%
Walmart
Superstores
70,353 visits/mo
0.4 miles
Murphy USA
Shops & Services
19,489 visits/mo
0.3 miles
Starbucks
Dining
17,321 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,379 visits/mo
0.2 miles
SONIC Drive In
Dining
9,695 visits/mo
0.2 miles
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Ennis Florist — 203 E Ennis Ave, Ennis, TX 75119
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased multi-unit storefront building with commercial-grade kitchen equipment along a heavily traveled corridor.
Where is this storefront property located?
The property is located at 200 S Kaufman Street Unit #A B C Ennis, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 1986: fully leased multi‑unit storefront building with multiple income‑producing units; 100% leased with established tenants; lease terms extend approximately two more years; Commercial‑grade kitchen equipment will convey with the sale
