Industrial Land with Office
For Sale
$1,255,000
401 W Simonds Road, Seagoville, TX 75159
CommercialSale, Seagoville, TX
Property Size5,180 SF
Lot Size2.00 Acres
Price / SF$242.28
Days on Market95
Property Features for 401 W Simonds Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Parking Lot, Secured, Gated
Security features
Security
Subdivision
SEAGO-SIMONDS ADDITION
Lot features
Acreage, Cleared, Interior Lot, Landscaped, Level, Few Trees
Directions
Please use GPS.
Standard status
Active
APN
202600009467
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
LOT 1R, BLOCK 1, SEAGO-SIMONDS ADDITION
Legal Description
LOT 1R, BLOCK 1, SEAGO-SIMONDS ADDITION
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
full kitchen
bathroom
living quarters
separately metered
Building Details
Year built
2000
Floors in Building
1
Number of units
1
Flooring type
Tile, Vinyl
Building materials
VinylSiding, WoodSiding
Roof type
Composition
Listing Agency:
KHALiL REAL ESTATE
(817) 881-2662
Listed By:
KARAM KHALIL · License #9016033
(817) 803-3287
Added: Jul 12
Changed: Sep 17
Last Checked: Oct 14 at 3:06PM
MLS# 21308571
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial land property includes a secured outdoor storage area and three separate buildings totaling approximately 5,180 square feet. Improvements consist of a fully renovated office building of approximately 3,720 square feet, a 610-square-foot auxiliary building with a kitchen, bathroom, and living quarters, and an 850-square-foot two-bay mechanic workshop. The buildings are separately metered, and the site includes gated parking, public water, and public sewer. The property was built in 2000 and features vinyl and wood siding, vinyl and tile flooring, and composition roofing.
Located at 401 W Simonds Road in Seagoville, the property is less than one minute from Highway 175. The current operation supports towing, vehicle storage, dispatch, and fleet management. Industrial zoning and the combination of enclosed improvements with outdoor storage accommodate a range of industrial uses, including contractor, fleet, equipment rental, and utility operations.
Located at 401 W Simonds Road in Seagoville, the property is less than one minute from Highway 175. The current operation supports towing, vehicle storage, dispatch, and fleet management. Industrial zoning and the combination of enclosed improvements with outdoor storage accommodate a range of industrial uses, including contractor, fleet, equipment rental, and utility operations.
Key Highlights
- Three buildings total approximately 5,180 square feet
- Fully renovated office building measures approximately 3,720 square feet
- Auxiliary building includes full kitchen, bathroom, and living quarters
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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Current Use
Lease Details
2
Service bays
100%
Occupancy
Yes
Fenced yard
Yes
Highway access
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
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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?
Industrial land - Fenced, gated property combines outdoor storage with multiple buildings near Highway 175.
Where is this industrial land 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: Three buildings total approximately 5,180 square feet; Fully renovated office building measures approximately 3,720 square feet; Auxiliary building includes full kitchen, bathroom, and living quarters
