Industrial Outdoor Storage
New
For Sale
$1,255,000
401 W Simonds Road, Seagoville, TX 75159
Fenced industrial land includes office space, auxiliary quarters, and a two-bay workshop.
Property Size5,180 SF
Lot Size1.98 Acres
Price / SF$242.28
Days on Market4
Property Features for 401 W Simonds Road
General Information
Standard status
Active
Size
5,180 SF
Lot size
1.98 Acres
Property subtype
Commercial
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
Utilities to Site
Yes
Additional Details
Office Build-Out
3,720 SF
Building Details
Building Size
5,180 SF
Year Built
2000
Buildings
3
Stories
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
At 401 W Simonds Road in Seagoville, this industrial outdoor storage property covers 1.984 acres (86,423 SF) and includes three buildings totaling approximately 5,180 square feet. The improvements consist of a renovated 3,720-square-foot office, a 610-square-foot auxiliary building with a full kitchen, bathroom, and living quarters, and an 850-square-foot, two-bay mechanic workshop. The site is fully fenced, industrially zoned, and the buildings are separately metered.
A tenant currently occupies the property for towing, vehicle storage, dispatch, and fleet management. Highway 175 is less than one minute away, providing access toward the Dallas-Fort Worth Metroplex. The property has a reported 6.5% capitalization rate.
A tenant currently occupies the property for towing, vehicle storage, dispatch, and fleet management. Highway 175 is less than one minute away, providing access toward the Dallas-Fort Worth Metroplex. The property has a reported 6.5% capitalization rate.
Key Highlights
- 1.984 acres (86,423 SF) of industrially zoned, fenced outdoor storage
- Three buildings total approximately 5,180 square feet
- Renovated office building of approximately 3,720 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,427
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,540
$1.5M
Cap Rate 7%
$1,048,957
$1.0M
Cap Rate 9%
$815,856
$815.9K
Market Conditions
NOI Build-Up for 5,180 SF
Gross rent
$130.5K $25.20/SF
− Vacancy
−$32.6K −$6.30/SF
EGI
$97.9K $18.90/SF
− OpEx
−$24.5K −$4.73/SF
NOI
$73.4K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,540
Cap Rate 7%
$1,048,957
Cap Rate 9%
$815,856
Alternative Uses
Best Use
Office B
$1.05M
$917.8K – $1.22M
NOI $73,427 @ 7.0% cap · market cap 5.85%
Second Best
Industrial
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 2.14%
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Fenced industrial land includes office space, auxiliary quarters, and a two-bay workshop.
Where is this industrial property located?
The property is located at 401 W Simonds Road 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 acres (86,423 SF) of industrially zoned, fenced outdoor storage; Three buildings total approximately 5,180 square feet; Renovated office building of approximately 3,720 square feet
