Building Details

Building Size 1,922 SF

Year Built 1972

Stories 1

Units 1

Listing Agency: Coldwell Banker Apex, REALTORS Show Phone

Listed By: Dee Evans · License #0508288 Show Phone

Source: Cogburnrealestate

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 5:49PM

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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

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Investment Insights

Based on property information with market context.

This auto-oriented property occupies 0.78 acres and includes a house that may be used for office space. The building was constructed in 1972. The site has previously served as an auto body repair shop and a trucking company office.

Major highways are readily accessible. Nearby light industrial properties are used for truck repair and parking, along with automotive repair businesses.

Key Highlights

• 0.78‑acre property with a house that may be used as office space
• Building constructed in 1972
• Previously used for auto body repair and as a trucking company office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,902

Cap Rate

6.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$638,040 $638.0K

Cap Rate 7%

$455,743 $455.7K

Cap Rate 9%

$354,467 $354.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,922 SF

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 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 (±1% cap)

NOI $31,902 @ 7.0% cap · market cap 6.26%

Second Best

Industrial

$142.3K

$124.5K – $166.1K (±1% cap)

NOI $9,963 @ 7.0% cap · market cap 1.95%

Theoretical Best

Multifamily LT 5

$23.04M

$20.16M – $26.88M (±1% cap)

NOI $1,612,684 @ 7.0% cap · market cap 316.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cocina Malvada Catering Catering Service Sata Trucking Trucking Company J-911 TRUCK REPAIR Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Building Supply Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Well-served

Demand for This Use

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Hall's Auto — 710 W Simonds Rd, Seagoville, TX 75159
• 214 Auto Body and Collision,LLC — 1604 Bruce Way, Seagoville, TX 75159
• Premier Paint & Body — 1527 Bruce Way, Seagoville, TX 75159
• Grace auto collision — 1603 Bruce Way, Seagoville, TX 75159
• Ppg Collision Repair Center — 1579 Bruce Way, Seagoville, TX 75159

Frequently Asked Questions

What type of property is this?

Auto shop - The 0.78-acre property includes a house that may serve as office space.

Where is this auto shop 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: 0.78‑acre property with a house that may be used as office space; Building constructed in 1972; Previously used for auto body repair and as a trucking company office