Fenced Industrial Outdoor Storage
For Sale
$1,255,000
401 W Simonds Road, Seagoville, TX 75159
COMMERCIAL - Seagoville, TX
Property Size5,180 SF
Lot Size2.00 Acres
Price / SF$242.28
Days on Market32
Property Features for 401 W Simonds Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Gated, Secured, Parking Lot
Security features
Security
Subdivision
SEAGO-SIMONDS ADDITION
Lot features
Acreage, Cleared, Interior Lot, Landscaped, Level, Few Trees
Directions
Please use GPS.
Standard status
Active
APN
202600009467
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
LOT 1R, BLOCK 1, SEAGO-SIMONDS ADDITION
Legal Description
LOT 1R, BLOCK 1, SEAGO-SIMONDS ADDITION
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
full kitchen
bathroom
living quarters
separately metered
Building Details
Year built
2000
Floors in Building
1
Number of units
1
Flooring type
Tile, Vinyl
Building materials
VinylSiding, WoodSiding
Roof type
Composition
Listing Agency:
KHALiL REAL ESTATE
(817) 881-2662
Listed By:
KARAM KHALIL · License #9016033
(817) 881-2662
Added: Jul 12
Changed: Aug 5
Last Checked: Aug 12 at 5:06PM
MLS# 21308571
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial outdoor storage property includes three separate buildings totaling approximately 5,180 square feet. The improvements include a fully renovated approximately 3,720-square-foot office building, a 610-square-foot auxiliary building with a full kitchen, bathroom, and living quarters, plus an 850-square-foot, two-bay mechanic workshop. Each building is separately metered, and the site is fully fenced, gated, and secured.
Located at 401 W Simonds Road in Seagoville, the property is less than one minute from Highway 175. Industrial zoning, public water and sewer, and an expansive outdoor storage area support the current use. The property is fully leased, with operations centered on towing, vehicle storage, dispatch, and fleet management. Construction dates to 2000, with vinyl and wood siding, tile and vinyl flooring, and a composition roof.
Located at 401 W Simonds Road in Seagoville, the property is less than one minute from Highway 175. Industrial zoning, public water and sewer, and an expansive outdoor storage area support the current use. The property is fully leased, with operations centered on towing, vehicle storage, dispatch, and fleet management. Construction dates to 2000, with vinyl and wood siding, tile and vinyl flooring, and a composition roof.
Key Highlights
- Three separate buildings total approximately 5,180 square feet
- Fully renovated approximately 3,720‑square‑foot office building
- 610‑square‑foot auxiliary building with kitchen, bathroom, and living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,719,600
$1.7M
Cap Rate 7%
$1,228,286
$1.2M
Cap Rate 9%
$955,333
$955.3K
Market Conditions
NOI Build-Up for 5,180 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$129.3K $24.96/SF
− Vacancy
−$6.5K −$1.25/SF
EGI
$122.8K $23.71/SF
− OpEx
−$36.8K −$7.11/SF
NOI
$86.0K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,719,600
Cap Rate 7%
$1,228,286
Cap Rate 9%
$955,333
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,980 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$1.05M
$917.8K – $1.22M
NOI $73,427 @ 7.0% cap · market cap 5.85%
Theoretical Best
Multifamily LT 5
$62.09M
$54.33M – $72.44M
NOI $4,346,359 @ 7.0% cap · market cap 346.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
100%
Occupancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 75159, TX
22,127
Population
7,192
Households
3.1
Avg Household Size
35
Median Age
13%
College-Educated
76%
High-School Grad
59.3 sq mi
ZIP Area
373
Density / Sq Mi
$72,245
Median Household Income
$36,643
Median Earnings
$1,176
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Three-building site combines renovated offices, auxiliary living quarters, and a two-bay mechanic workshop.
Where is this industrial property located?
The property is located at 401 W Simonds Road Seagoville, TX.
What is the asking price?
The asking price for this property is $1,255,000.
What are key features of this property?
This property features: Three separate buildings total approximately 5,180 square feet; Fully renovated approximately 3,720‑square‑foot office building; 610‑square‑foot auxiliary building with kitchen, bathroom, and living quarters
