Mixed-Use Property with
New
For Sale
$1,255,000
401 W Simonds Rd, Seagoville, TX 75159
Fully leased, industrially zoned site combines secure outdoor storage with multiple separately metered buildings.
Property Size5,180 SF
Lot Size1.98 Acres
Price / SF$242.28
Days on Market2
Property Features for 401 W Simonds Rd
General Information
Standard status
Active
Size
5,180 SF
Lot size
1.98 Acres
Zoning
industrial
Occupancy
100%
Net Operating Income
$81,600
Financials
Asking Price
$1,255,000
Cap Rate
6.5%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
2
Building Details
Year Built
2000
Buildings
3
Tenancy
Single
Listing Agency:
KHALiL REAL ESTATE
Listed By:
KARAM KHALIL · License #0714752
(817) 881-2662
Source:
Yourdavisteam
Added: Sep 14
Last Checked: Sep 14 at 2:23PM
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 KHALiL REAL ESTATE
Investment Insights
Based on property information with market context.
This mixed-use property in Seagoville includes three buildings totaling approximately 5,180 square feet on 1.984 acres. Improvements comprise a ±3,720-square-foot renovated office building, a ±610-square-foot auxiliary building with a full kitchen, bathroom, and living quarters, and a ±850-square-foot two-bay mechanic workshop. The site is fully fenced, industrially zoned, and separately metered by building.
Located at 401 W Simonds Rd, the property is less than one minute from Highway 175, providing access toward the Dallas-Fort Worth Metroplex. The current tenant uses the property for towing, vehicle storage, dispatch operations, and fleet management. The site is fully leased and generates approximately $6,800 per month, or $81,600 annually, with a 6.5% capitalization rate.
Located at 401 W Simonds Rd, the property is less than one minute from Highway 175, providing access toward the Dallas-Fort Worth Metroplex. The current tenant uses the property for towing, vehicle storage, dispatch operations, and fleet management. The site is fully leased and generates approximately $6,800 per month, or $81,600 annually, with a 6.5% capitalization rate.
Key Highlights
- 1.984‑acre industrially zoned property in Seagoville
- Three buildings totaling approximately 5,180 square feet
- Renovated ±3,720‑square‑foot office building
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
$85,980
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
6.85%
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%
$1,719,600
$1.7M
Cap Rate 7%
$1,228,286
$1.2M
Cap Rate 9%
$955,333
$955.3K
Market Conditions
NOI Build-Up for 5,180 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
$129.3K $24.96/SF
− Vacancy
−$6.5K −$1.25/SF
EGI
$122.8K $23.71/SF
− OpEx
−$36.8K −$7.11/SF
NOI
$86.0K $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%
$1,719,600
Cap Rate 7%
$1,228,286
Cap Rate 9%
$955,333
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,980 @ 7.0% cap · market cap 6.85%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $80,909 @ 7.0% cap · market cap 6.45%
Theoretical Best
Multifamily LT 5
$62.09M
$54.33M – $72.44M
NOI $4,346,359 @ 7.0% cap · market cap 346.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Service bays
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
157
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased, industrially zoned site combines secure outdoor storage with multiple separately metered buildings.
Where is this mixed-use property located?
The property is located at 401 W Simonds Rd Seagoville, TX.
What is the asking price?
The asking price for this property is $1,255,000.
What are key features of this property?
This property features: 1.984‑acre industrially zoned property in Seagoville; Three buildings totaling approximately 5,180 square feet; Renovated ±3,720‑square‑foot office building
