Retail Property with Steel
For Sale
$995,000
9820 E Highway 175, Kemp, TX 75143
Highway-facing retail property combines multiple improvements with a substantial land component.
Property Size1,800 SF
Lot Size3.21 Acres
Price / SF$552.78
Days on Market48
Property Features for 9820 E Highway 175
General Information
Standard status
Active
Size
1,800 SF
Lot size
3.21 Acres
Property subtype
UnimprovedLand
Building Details
Year Built
1951
Buildings
3
Listing Agency:
McAtee Realty Of Gun Barrel TX
(903) 887-5658
Listed By:
Steve Mcatee · License #0277418
(214) 232-3100
Source:
Lonestarluxuryrealty
Added: Aug 30
Changed: Oct 9
Last Checked: Oct 16 at 9:06AM
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 McAtee Realty Of Gun Barrel TX
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property includes approximately 3.207 acres along Highway 175, with an estimated 304 feet of highway frontage. Improvements include a frame house, a 28-by-40-foot steel building, and a separate small sales office. The property size is listed at 1,800 square feet, and the improvements date to 1951.
Located east of Kemp on Highway 175, the site offers a combination of retail-oriented improvements and open land. A survey is available for review.
Located east of Kemp on Highway 175, the site offers a combination of retail-oriented improvements and open land. A survey is available for review.
Key Highlights
- 3.207‑acre retail property east of Kemp
- Approximately 304 feet of frontage on Hwy 175
- 28x40 steel building included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,034
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,680
$600.7K
Cap Rate 7%
$429,057
$429.1K
Cap Rate 9%
$333,711
$333.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$44.9K $24.96/SF
− Vacancy
−$2.0K −$1.12/SF
EGI
$42.9K $23.84/SF
− OpEx
−$12.9K −$7.15/SF
NOI
$30.0K $16.69/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,680
Cap Rate 7%
$429,057
Cap Rate 9%
$333,711
Alternative Uses
Best Use
Retail
$429.1K
$375.4K – $500.6K
NOI $30,034 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.65M
$19.82M – $26.43M
NOI $1,585,767 @ 7.0% cap · market cap 159.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Highway-facing retail property combines multiple improvements with a substantial land component.
Where is this retail space located?
The property is located at 9820 E Highway 175 Kemp, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3.207‑acre retail property east of Kemp; Approximately 304 feet of frontage on Hwy 175; 28x40 steel building included
