New Retail/Office Building For
199 N Us-175 #120, Seagoville, TX 75159
For Sale
$409,500
New construction retail/office building for sale in shell condition.
Property Size1,365 SF
Price / SF$300
Days on Market206
Property Features for 199 N Us-175 #120
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Perfect Realty Partners
(469) 252-1252
Listed By:
Srinivas Chaluvadi · License TX #0593565
(469) 536-8695
Source:
Signaturere
Added: Apr 22
Changed: Aug 12
Last Checked: Jul 21 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Perfect Realty Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new construction retail, restaurant, and office building is located on US HWY 175 in Seagoville. The property, offered for sale in shell condition, is one of five conveniently subdivided, functional suites. The building features a stone-looking brick facade and landscape architecture. The property includes a large, open space and a very large parking lot with 8.7 parking spots per 1000 SF. It is located across the street from Malloy Bridge Apartments, a large apartment and townhome community, and minutes from a 1300-home lagoon community by Megatel Homes. A variety of shopping and dining options are located within minutes of the property. The property is ideal for restaurants, neighborhood retail, a community church, daycare, physician, dentist, chiropractor, physiotherapist, veterinarian, and professional offices. The large open space is suitable for outdoor seating, and the large parking lot is beneficial for community churches. The property has a size of 1365 square feet.
Key Highlights
- New construction in shell condition, allowing for custom build‑out
- High parking ratio: 8.7 spaces per 1000 SF
- Located on US HWY 175 in Seagoville, offering high visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,657
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,140
$453.1K
Cap Rate 7%
$323,671
$323.7K
Cap Rate 9%
$251,744
$251.7K
Market Conditions
NOI Build-Up for 1,365 SF
Gross rent
$34.1K $24.96/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$32.4K $23.71/SF
− OpEx
−$9.7K −$7.11/SF
NOI
$22.7K $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 Rate 5%
$453,140
Cap Rate 7%
$323,671
Cap Rate 9%
$251,744
Alternative Uses
Best Use
Retail
$323.7K
$283.2K – $377.6K
NOI $22,657 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.7K
$366.3K – $488.4K
NOI $29,306 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Dallas County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - New construction retail/office building for sale in shell condition.
Where is this retail space located?
The property is located at 199 N Us-175 #120 Seagoville, TX.
What is the asking price?
The asking price for this property is $409,500.
What are key features of this property?
This property features: New construction in shell condition, allowing for custom build‑out; High parking ratio: 8.7 spaces per 1000 SF; Located on US HWY 175 in Seagoville, offering high visibility
