Seagoville Industrial Property For
For Sale
$510,000
303 W Simonds Road, Seagoville, TX 75159
0.78 acre Light Industrial parcel with multiple potential uses.
Property Size1,922 SF
Price / SF$265.35
Days on Market269
Property Features for 303 W Simonds Road
General Information
Standard status
Active
Size
1,922 SF
Property subtype
Commercial
Zoning
Light Manufacturing
Building Details
Building Size
1,922 SF
Year Built
1972
Stories
1
Units
1
Listing Agency:
Coldwell Banker Apex, REALTORS
(972) 567-0046
Listed By:
Dee Evans · License #0508288
(972) 567-0046
Source:
Cuddrealtyinc
Added: Nov 27, 2025
Changed: Aug 23
Last Checked: Aug 22 at 8:42AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
Located in Seagoville, Texas, this 0.78-acre parcel is zoned Light Industrial and offers convenient access to several major highways. The site has previously operated as an auto body repair shop and served as an office for a trucking company. The property includes a house that could be utilized as office space. Surrounding properties are also zoned Light Industrial and are used for semi-truck repairs and parking, as well as automotive repairs. The current zoning allows for a variety of potential uses.
Key Highlights
- Zoned Light Industrial: Offers a wide range of potential business uses.
- Large .78 Acre Parcel: Provides ample space for various operations and development.
- Excellent Location: Easy access to several major highways.
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
$31,902
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
6.26%
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%
$638,040
$638.0K
Cap Rate 7%
$455,743
$455.7K
Cap Rate 9%
$354,467
$354.5K
Market Conditions
NOI Build-Up for 1,922 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
$48.0K $24.96/SF
− Vacancy
−$2.4K −$1.25/SF
EGI
$45.6K $23.71/SF
− OpEx
−$13.7K −$7.11/SF
NOI
$31.9K $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%
$638,040
Cap Rate 7%
$455,743
Cap Rate 9%
$354,467
Alternative Uses
Best Use
Retail
$455.7K
$398.8K – $531.7K
NOI $31,902 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$142.3K
$124.5K – $166.1K
NOI $9,963 @ 7.0% cap · market cap 1.95%
Theoretical Best
Multifamily LT 5
$23.04M
$20.16M – $26.88M
NOI $1,612,684 @ 7.0% cap · market cap 316.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 0.78 acre Light Industrial parcel with multiple potential uses.
Where is this industrial property located?
The property is located at 303 W Simonds Road Seagoville, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Zoned Light Industrial: Offers a wide range of potential business uses.; Large .78 Acre Parcel: Provides ample space for various operations and development.; Excellent Location: Easy access to several major highways.
