8081 Highway 175Seven Points, TX 75143

For Sale
$835,000

8,800 SF Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8,800-square-foot warehouse, situated on a 1.631-acre lot in Kemp, Texas, presents a compelling investment opportunity. Built in 2015, the single-story building boasts a desirable location with easy highway access via Highway 175. Currently fully leased with a multi-tenant occupancy, the property generates a strong net operating income (NOI) of $65,243, yielding an attractive 8.00% cap rate. The asking price is $835,000, translating to a land value of $13.37 per square foot. The warehouse features five roll-up overhead doors, providing convenient loading and unloading capabilities. Ceiling heights range from 15 to 20 feet, offering ample vertical space for storage or operations. The property is zoned for commercial use and includes approximately three-quarters of an acre of additional land adjacent to the building, suitable for expansion or additional parking. The current lease has one year remaining, offering immediate income and potential for future lease renegotiation. The property's strong occupancy rate, substantial NOI, and strategic location make it an ideal investment for discerning buyers seeking a stable and profitable asset in the thriving Texas market. The property's APN is 226412. The building is divided into three sections: one 5,028 square feet, another 2,515 square feet, and a third 1,257 square feet.

Property Details for 8081 Highway 175

Property type
Other warehouses, Other retail properties
Square Feet
8,800 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
71,046 SF
Units
1

Location Insight

City
Seven Points
County
Kaufman
State
Texas
Latitude
32.481602065715
Longitude
-96.249510647242
8081 Highway 175, Seven Points, Texas

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8081 Highway 175
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