1011 W Grove Street, Kaufman, TX 75142
1011 W Grove Street, Kaufman, TX 75142
1011 W Grove Street, Kaufman, TX 75142
$955,000
$955,000
Est. payment /mo
0.46 Acres Lot

UPDATED:

Key Details

Sold Price $955,000

Property Type Commercial

Sub Type Building

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 26004227

Annual Tax Amount $27,000

Tax Year 2025

Lot Size 0.456 Acres

Property Sub-Type Building

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.

Location

State TX

County Kaufman

Building

Lot Description Inside City Limits

Sewer Public Sewer

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash


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Greater Tyler Association of Realtors (GTAR)
Listed by Suzanne Athey RE/MAX Dallas Suburbs
Bought with NON MEMBER AGENT NON MEMBER OFFICE

Nearby School & Business

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Harris Team

Harris Team

+1(903) 521-5900

REALTOR® License ID: 667045

REALTOR® License ID: 667045

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