Renovated Commercial
For Sale
$200,000
218 S Main St, Kemp, TX 75143
Equipped food-preparation facility with a lobby, two bathrooms, and rear outdoor space beside a park.
Property Size2,500 SF
Price / SF$80
Days on Market90
Property Features for 218 S Main St
General Information
Standard status
Active
Size
2,500 SF
Amenities
industrial kitchen with equipment
front lobby
two bathrooms
back door and additional land space
Building Details
Year Built
1900
Abandoned
No
Listing Agency:
Keller Williams Prosper Celina
Listed By:
Farrah Zargaran · License #0672874
(214) 550-2793
Source:
Yourdavisteam
Added: Jul 10
Changed: Sep 9
Last Checked: Oct 7 at 1:59PM
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 Keller Williams Prosper Celina
Investment Insights
Based on property information with market context.
This 2,500-square-foot commercial kitchen property at 218 S Main Street includes an industrial kitchen with equipment that remains with the sale. The recently renovated interior also provides a front lobby or waiting area, two bathrooms, and a rear entrance.
Additional land behind the building creates outdoor space with a view and direct proximity to the adjacent park. The existing configuration offers a kitchen-focused commercial setting with reception and support areas in Kemp, Texas.
Additional land behind the building creates outdoor space with a view and direct proximity to the adjacent park. The existing configuration offers a kitchen-focused commercial setting with reception and support areas in Kemp, Texas.
Key Highlights
- 2,500‑square‑foot commercial kitchen property
- Industrial kitchen equipment included with the sale
- Recently renovated interior with front lobby or waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,088
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
$321.8K
Cap Rate 7%
$229,829
$229.8K
Cap Rate 9%
$178,756
$178.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$24.9K $9.96/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$23.0K $9.19/SF
− OpEx
−$6.9K −$2.76/SF
NOI
$16.1K $6.44/SF
Area
Kaufman County, TX
Vacancy
7.70%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,760
Cap Rate 7%
$229,829
Cap Rate 9%
$178,756
Alternative Uses
Best Use
Specialty Retail
$638.5K
$558.7K – $744.9K
NOI $44,694 @ 7.0% cap · market cap 22.35%
Second Best
Office B
$614.7K
$537.8K – $717.1K
NOI $43,027 @ 7.0% cap · market cap 21.51%
Theoretical Best
Multifamily LT 5
$31.46M
$27.53M – $36.71M
NOI $2,202,454 @ 7.0% cap · market cap 1,101.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Equipped food-preparation facility with a lobby, two bathrooms, and rear outdoor space beside a park.
Where is this commercial kitchen located?
The property is located at 218 S Main St Kemp, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,500‑square‑foot commercial kitchen property; Industrial kitchen equipment included with the sale; Recently renovated interior with front lobby or waiting area
