113-115 Frances St Terrell, TX 75160
This exceptional 4,144 square foot office building presents a fantastic leasing opportunity in the thriving city of Terrell, Texas, located within Kaufman County—one of the nation's top 10 fastest-growing counties. Built in 1940 and situated on a 5,227 square foot lot, this two-story building offers a blend of traditional office space and coworking potential. The property features a spacious reception area, thirteen private offices or conference rooms, and a large 22' x 26' upstairs training room, ideal for various business needs. A convenient kitchen and break area are also included. The building is primarily furnished, with all furnishings available for negotiation as part of the lease agreement. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The absence of elevators should be noted. This property is perfect for a business seeking a well-equipped, versatile space in a rapidly expanding market. The building's layout and amenities provide flexibility for a variety of uses, making it an attractive option for companies of all sizes.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.