8800 SF Leased Commercial
8081 E HWY 175 Kemp, TX 75143
For Sale
Contact for pricing
8800 SF building, fully leased with expansion potential.
Property Size8,800 SF
Lot Size0.75 Acres
Price / SF$94.89
Days on Market1217
Property Features for 8081 E HWY 175
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Lot size
- 0.75 Acres
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 2015
Listing Agency:
Sebastian Realty
(214) 673-1740
Listed By:
Clarence Sebastian · License #TX 0461005
Source:
Crexi
Added: Mar 27, 2023
Changed: Jul 6
Last Checked: Jul 23 at 10:46AM
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 Sebastian Realty
Investment Insights
Based on property information with market context.
This 8800 square foot commercial building is currently fully leased. The building is divided into three sections: 5028 square feet, 2515 square feet, and 1257 square feet. The property includes five roll-up overhead doors at the rear. Approximately three-quarters of an acre of land to the right of the building extends to Cougar Road, offering potential for additional construction or parking. As of 2023, the tenants have two years remaining on their leases.
Key Highlights
- Fully leased 8800 sq ft building
- Approximately 0.75 acres of land available for development or parking
- Three separate sections offer flexible leasing options (5028 sq ft, 2515 sq ft, 1257 sq ft)
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $9.00 |
| − Vacancy | −$7.2k | −$0.82 |
| EGI | $72.0k | $8.18 |
| − OpEx | −$10.8k | −$1.23 |
| NOI | $61.2k | $6.95 |
8,800 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $146,835 @ 7.0% cap · market cap 17.59%
Second Best
Warehouse
$874.2K
$764.9K – $1.02M
NOI $61,194 @ 7.0% cap · market cap 7.33%
Theoretical Best
Multifamily LT 5
$110.75M
$96.91M – $129.21M
NOI $7,752,637 @ 7.0% cap · market cap 928.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Warehouse - 8800 SF building, fully leased with expansion potential.
Where is this warehouse located?
The property is located at 8081 E HWY 175 Kemp, TX.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Fully leased 8800 sq ft building; Approximately 0.75 acres of land available for development or parking; Three separate sections offer flexible leasing options (5028 sq ft, 2515 sq ft, 1257 sq ft)
