Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    407 Riley Drive Seagoville, TX 75159

    View on Map
    New
    For Sale
    $49,999

    Unimproved Land - Seagoville, TX

    Type:Unimproved Land
    Lot size:
    0.37 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 3 at 10:06 pm

    Property Features for 407 Riley Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    50039500000040100
    Lot size
    0.37 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Davis

    Listing agent Karen Davis License #0305807

    Listing office Karen Davis Properties 2125 Nantucket Drive #2, Houston, TX

    Listing date Apr 2, 2026

    MLS# 21226034 Listing URL

    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.

    Overview

    Residential Land in Seagoville, TX

    This 0.37-acre lot is located at 407 Riley Dr in Seagoville, Texas. It offers space for a custom home, outdoor entertaining, or future expansion. The property is located near major roadways, shopping, and local amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seagoville
    County
    Dallas
    State
    Texas
    Longitude
    -96.536922
    Latitude
    32.6363636

    Nearby Similar for Sale

    • $602,550

      Seagoville Land with Development Potential

      5.84 acres of cleared land with commercial zoning.
      603 Combine Road, Seagoville, TX 75159
      View Details
    • $684,900

      Seagoville Land with Development Potential

      14.174 acres in Seagoville, TX, suitable for multiple uses.
      2400 Lasater Road, Seagoville, TX 75159
      View Details
    • $425,000

      Flex/Office/Industrial Site in Seagoville

      Flex, office, light industrial site suitable for various businesses.
      200 W Malloy Bridge Road, Seagoville, TX 75159
      View Details
    • $299,000

      Seagoville Commercial Land Opportunity

      Prime 0.86-acre commercial land in a high-growth Seagoville corridor.
      401 E Malloy Bridge Road, Seagoville, TX 75159
      View Details
    • $1,999,900

      Idyllic Wedding Venue Near Dallas

      19+ acre estate perfect for weddings and events.
      510 W Malloy Bridge Road, Seagoville, TX 75159
      View Details
    • $299,000

      Seagoville Commercial Land Opportunity

      0.86-acre commercial land in high-growth Seagoville corridor.
      401 E Malloy Bridge Road, Seagoville, TX 75159
      View Details
    • $510,000

      Seagoville Land with Large Barn

      6.025-acre property with barn, utilities, and building permits.
      856 Combine Road, Seagoville, TX 75159
      View Details
    • $949,900

      168 Acres Commercial Land Opportunity

      Commercial land in Seagoville, Texas, near Dallas, with highway access.
      850 E Malloy Bridge Road, Seagoville, TX 75159
      View Details
    • $750,000

      Prime Land Ready for Development

      4.797 acres of cleared land with commercial potential.
      2410 N Highway 175, Seagoville, TX 75159
      View Details
    • $700,000

      Seagoville Retail/Automotive Property For Sale

      Fenced lot suitable for car lot or equipment sales.
      1301 N Us-175, Seagoville, TX 75159
      View Details
    • $409,500
      1,365 SF

      New Retail/Office Building on US-175

      New construction retail/office building for sale in shell condition.
      199 N US-175, Seagoville, TX 75159
      View Details
    • $675,000

      Pasture Land in Seagoville, TX

      5 acres of pasture land suitable for livestock.
      620 S Kaufman Street, Seagoville, TX 75159
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.37-acre lot for custom home in Seagoville, TX.
    Where is this residential land & home lot located?
    The property is located at 407 Riley Drive Seagoville, TX.
    What is the asking price?
    The asking price for this property is $49,999.
    What are key features of this property?
    This property features: Generous 0.37‑acre lot offers ample space.; Ideal for building a custom home.; Room for outdoor entertaining and future expansion.
    (713) 540-2120
    We can help!
    Listing Contact
    Karen Davis
    Real Estate License ID: 0305807
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!