1011 W GROVE STREET, KAUFMAN, TX 75142
Homes for sale in Kaufman.
Homes for sale in 75142.
List Price$1,200,000
1011 W Grove Street
Kaufman, TX 75142
Listing #21211063
About This Property
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.
Property Features
Location Information
County
Kaufman
Subdivision
Kaufman Medical Plaza Add
Interior Features
Has Fireplace
No
Tenant Pays
All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Grounds Care, Insurance, Janitorial Service, Pest Control, Se
Heating
Central
Total Number of Units
1
Cooling
Central Air
Accessibility
ADA Compliant, Accessible Elevator Installed, Access
Floors
Carpet, Ceramic Tile
Exterior Features
Construction
Rock, Stone, Stucco
Lot Size in Sq. Ft.
19,863
Foundation
Slab
Possible Best Use
Medical/Dental, Office
Roof
Metal
Zoning
Commercial
Utilities
Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
6,786
Security System
Security System, Smoke Detector(s)
Road Description
City Street
Parking Description
Common, Concrete, Driveway
Is One Story
No
Lot Description
Landscaped, Level, Few Trees, Flat
Lot Description
Landscaped, Level, Few Trees, Flat
Lot Size in Acres
0.456
Additional Information
Year Built Details
Preowned
Tax Annual Amount
27312.0
Property Type
COM
Exclusions
Tenant's items and equipment
Property SubType
Office
Community Features
Curbs
Year Built
2004
Documents Available
Aerial
Status
Active
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$5,604
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,324
Monthly Tax
$1,000
Monthly Insurance
$280
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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