7000 Deer RunKemp, TX 75143

  • Industrial properties
  • 12,400 SF
For Sale
$1,375,000 View listing

Property Details for 7000 Deer Run

Year built
2007
Lot size
1.22 AC
Property size (Sq ft)
12,400 SF
Property type
Industrial properties
APN
00.3753.0000.0104.00.04.00
APU
375300000104000400

Description

This exceptional investment opportunity presents a 12,523-square-foot warehouse located at 7000 Deer Run in Kemp, Texas, within Kaufman County (zip code 75143). Built in 2007, this single-story building sits on a 1.216-acre lot and boasts a 20+ foot ceiling height, ideal for various industrial uses. The property features five loading docks, ensuring efficient operations. Currently occupied by a single tenant under a triple-net (NNN) lease, this asset offers significant long-term stability. The lease extends until 2033, with a built-in option for a five-year extension, and includes a 3% annual rent increase. The asking price is $1,375,000, representing a compelling $109.80 per square foot and a strong 5.72% capitalization rate based on a net operating income (NOI) of $78,689. The property is zoned for commercial and industrial use, providing flexibility for future development. The property's location offers easy highway access, enhancing its logistical advantages. This is a rare opportunity to acquire a well-maintained, income-producing warehouse with a long-term tenant and significant upside potential. The APN is 52988.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,026,070
    Hospitality
    $2,771,864
    Educational
    $2,306,158
    Medical
    $2,385,471
    Retail
    $3,587,358

Location Insight

City
Kemp
County
Kaufman
State
Texas
Latitude
32.4822
Longitude
-96.2491
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,563
$56,185
$943,344
$999,529
-
$56,185
$943,344
$999,529

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