1011 W Grove ST Kaufman, TX 75142
6,786 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,786 sqft
Price per Sqft $176
Subdivision Kaufman Medical Plaza Add
MLS Listing ID 21211063
HOA Y/N No
Year Built 2004
Annual Tax Amount $27,312
Lot Size 0.456 Acres
Acres 0.456
Property Sub-Type Office
Property Description
Fully Leased Medical Office Building in Kaufman, TX.
7.00% 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 7% 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.
Location
State TX
County Kaufman
Community Curbs
Zoning Commercial
Direction East on 175, to 243 Ed Hall Drive right on West Grove Street, left on West Grove Street
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Inclusions Building Only, Land & Improvements
Fireplace No
Exterior
Parking Features Common, Concrete, Driveway
Community Features Curbs
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Metal
Topography Level
Accessibility ADA Compliant, Accessible Elevator Installed, Accessible Approach with Ramp, Accessible Doors, Accessible Entrance
Road Frontage City Street
Private Pool No
Building
Lot Description Landscaped, Level, Few Trees, Flat
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID 71778
Security Features Security System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21211063