0.46 Acres Lot
0.46 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Kaufman Medical Plaza Add
MLS Listing ID 21211063
Total Fin. Sqft 6786
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
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
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Concrete, Curbs, Electricity Connected
Roof Type Metal
Accessibility Accessible Approach with Ramp, Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Meets ADA Requirements
Garage No
Building
Lot Description Few Trees, Landscaped, Level
Foundation Slab
Structure Type Rock/Stone,Stucco
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo
Virtual Tour https://mls.sites.hdrealtymedia.com/1011-W-Grove-St/idx
Nearby Locations
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