Building Details

Year built 1951

Listing Agency: McAtee Realty - Gun Barrel City Show Phone

Listed By: Steve McAtee · License #0277418 Show Phone

Added: Aug 28 Changed: Sep 1 Last Checked: Oct 13 at 7:06PM

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MLS# 113359

Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This automotive-oriented commercial property comprises 3.207 acres with several existing improvements. The site includes a frame home, a 28-by-40-foot steel building, and a small sales office. Property size is listed at 1,800 square feet, while the individual improvements are not otherwise allocated by area. The property was built in 1951 and a survey is available.

Fronting Highway 175 east of Kemp, the tract provides approximately 304 feet of highway frontage. The existing combination of open acreage, multiple structures, and highway access supports continued evaluation for automotive-related commercial use, subject to applicable approvals.

Key Highlights

• 3.207‑acre commercial property east of Kemp
• Approximately 304 feet of frontage on Highway 175
• Includes a 28x40 steel building

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 (±1% cap)

NOI $30,034 @ 7.0% cap · market cap 3.02%

Second Best

Industrial

$165.5K

$144.8K – $193.1K (±1% cap)

NOI $11,583 @ 7.0% cap · market cap 1.16%

Theoretical Best

Multifamily LT 5

$22.65M

$19.82M – $26.43M (±1% cap)

NOI $1,585,767 @ 7.0% cap · market cap 159.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Computer & Electronic Repair Building Supply Tech Support Center Big Box & Wholesale Store Discount Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

Balanced

Demand for This Use

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this automotive properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Automotive property - Improved commercial acreage includes a frame home, steel building, and separate sales office along a state highway.

Where is this automotive property located?

The property is located at 9820 E HWY 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 commercial property east of Kemp; Approximately 304 feet of frontage on Highway 175; Includes a 28x40 steel building