1011 W Grove St, Kaufman, TX 75142
- $1,200,000
- List Price
- $1,200,000
- Price Change
- ▼ $150,000 1781236181
- MLS#
- 21211063
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 2004
- Construction Status
- Preowned
- Acres
- 0.46
- County
- Kaufman
- City
- Kaufman
- Subdivision
- Kaufman Medical Plaza Add
Property Description
INVESTMENT OPPORTUNITY: 1031 EXCHANGE ELIGIBLE! Fully Leased Medical Office Building in Kaufman, TX. 8.5% Cap Rate - Occupancy: 100% - Location: DFW Metroplex (East) A rare opportunity to acquire a stabilized, high-yield medical asset located in the second fastest-growing county in the United States. This property features a diversified medical tenant mix with long-term sticky leases, providing immediate cash flow and a hedge against market volatility. As the Dallas-Fort Worth metroplex continues its aggressive eastward expansion, this asset is positioned for significant long-term capital appreciation. Investment Highlights: -Superior Yield: At a 8.5% Cap Rate, this asset outperforms typical DFW medical office trades, which currently average 5.5%–6.25%. 100% Occupied: Zero near-term vacancy risk with a curated mix of healthcare providers essential to the local community. -Explosive Market Growth: Kaufman County has seen a 36% population increase since 2020. It is currently maintaining a growth rate nearly 10x the national average. -Strategic Location: Path of Progress: Located in the heart of the Kaufman medical corridor, benefiting from massive regional infrastructure improvements, including the $129M US-175 interchange expansion. Kaufman is no longer a rural outpost; it is a primary suburban hub. With the population of Kaufman County projected to surpass 220,000 this year, the demand for outpatient services is outstripping supply. -Recession-Proof Asset Class: Medical tenants have a historical retention rate of over 85% and are largely immune to e-commerce and remote-work trends. -New Infrastructure: Proximity to major logistics and cold-storage developments (like the 121,000 SF project on SH-34) is driving high-income medical professional relocation to the area. -Limited Supply: New medical construction costs in Texas have risen to $350–$800 SF, making existing stabilized assets like this one a high-value basis play for investors.
Additional Information
- Unexempt Taxes
- $27,312
- Tenant Pays
- AllUtilities, CommonAreaMaintenance, Electricity, ExteriorMaintenance, GroundsCare, Insurance, JanitorialService, PestControl, Security, TrashCollection, Water
- Lot Size
- 19,863
- Acres
- 0.46
- Lot Description
- Landscaped, Level, Few Trees, Flat
- Flooring
- Carpet, Tile
- Foundation
- Slab
- Roof
- Metal
- Building Stories
- 2
- Parking Garage
- Common, Paved, Driveway
- Possession
- CloseOfEscrow
- Proposed Use
- Medical/Dental, Office
- Inclusions
- Building Only, Land & Improvements
- Community Features
- Curbs
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Listing courtesy of Suzanne Athey from RE/MAX Dallas Suburbs PM. Contact: 469-916-1222