Professional Office Building Near
15821 E Highway 175, Kemp, TX 75143
For Sale
$999,000
Premium office building with high traffic, ideal for various businesses.
Property Size4,920 SF
Lot Size1.00 Acre
Price / SF$203.05
Days on Market647
Property Features for 15821 E Highway 175
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker American Dream
Listed By:
Buck Gentry · License TX #0416423
(903) 887-7055
Source:
Exprealty
Added: Feb 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:03PM
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 American Dream
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Investment Insights
Based on property information with market context.
This professional office building, constructed in 2021, is located on Highway 175 west of Mabank, in close proximity to Cedar Creek Lake. The 4,920-square-foot building is currently leased to two large businesses. The west side of the building features 5 offices, 2 suites, a kitchen, a separate reception area, a work room, an IT room, and storage. The main building includes a large elegant reception area with divided waiting areas, a huge main meeting room, large his and her lavatories, a kitchen, a coffee bar area, and a copy area. The east side has 6 large office suites, 2 of which are currently used as meeting rooms. The property has a concrete parking area with 35 spaces, including 2 handicapped spaces. The heavy traffic count on Highway 175 makes this building suitable for a variety of businesses.
Key Highlights
- Premium professional office building built in 2021.
- Fully leased to two large businesses, providing immediate income.
- Located on high‑traffic Hwy 175, near Cedar Creek Lake.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,678
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,560
$1.7M
Cap Rate 7%
$1,209,686
$1.2M
Cap Rate 9%
$940,867
$940.9K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$151.1K $30.72/SF
− Vacancy
−$38.2K −$7.77/SF
EGI
$112.9K $22.95/SF
− OpEx
−$28.2K −$5.74/SF
NOI
$84.7K $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 Rate 5%
$1,693,560
Cap Rate 7%
$1,209,686
Cap Rate 9%
$940,867
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,678 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,665 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Premium office building with high traffic, ideal for various businesses.
Where is this office building located?
The property is located at 15821 E Highway 175 Kemp, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Premium professional office building built in 2021.; Fully leased to two large businesses, providing immediate income.; Located on high‑traffic Hwy 175, near Cedar Creek Lake.
