New Retail/Office Building For
For Sale
$409,500
199 N Us-175 #120, Seagoville, TX 75159
New construction retail/office building for sale in shell condition.
Property Size1,365 SF
Price / SF$300
Days on Market113
Property Features for 199 N Us-175 #120
General Information
Standard status
Active
Size
1,365 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
1,365 SF
Year Built
2025
Stories
1
Units
1
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License #0593565
(469) 536-8695
Source:
Signaturere
Added: Apr 22
Changed: Aug 8
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
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 = 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
$22,657
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
5.53%
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%
$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
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
$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 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%
$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
Multifamily LT 5
$16.36M
$14.32M – $19.09M
NOI $1,145,324 @ 7.0% cap · market cap 279.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
