Mixed-Use Property with
For Sale
$963,500
600 W Simonds Road, Seagoville, TX 75159
Office and light industrial improvements occupy a fenced, gated site with utility service and on-site storage capacity.
Property Size3,274 SF
Price / SF$294.29
Days on Market132
Property Features for 600 W Simonds Road
General Information
Standard status
Active
Size
3,274 SF
Property subtype
Commercial
Zoning
Residential with zoning change to light
Building Details
Building Size
3,274 SF
Year Built
1989
Stories
1
Units
4
Listing Agency:
M&D CRE, LLC
(469) 757-6132
Listed By:
Shane Hendrix · License #0776260
Source:
Signaturere
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 5:38PM
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 M&D CRE, LLC
Investment Insights
Based on property information with market context.
This mixed-use property comprises 3.332 acres with a ±2,274-square-foot office building and a ±1,000-square-foot storage warehouse. Built in 1989, the site includes solar panels at the office, multiple carports, outdoor storage areas, gravel drives between the improvements, and a fully fenced perimeter with gated entry. City sewer, an individual water meter, and electricity are available.
The property is located at 600 W Simonds Road in Seagoville, Texas, approximately one minute from Highway 175. It is currently designated residential, with a zoning change to Light Manufacturing in process. The office and warehouse configuration, enclosed site, and direct highway access provide a combined commercial and light industrial layout.
The property is located at 600 W Simonds Road in Seagoville, Texas, approximately one minute from Highway 175. It is currently designated residential, with a zoning change to Light Manufacturing in process. The office and warehouse configuration, enclosed site, and direct highway access provide a combined commercial and light industrial layout.
Key Highlights
- 3.332‑acre mixed‑use property at 600 W Simonds Road, Seagoville, TX 75159
- ±2,274‑square‑foot office building plus ±1,000‑square‑foot storage warehouse
- Zoning change to Light Manufacturing is in process from current residential zoning
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
$51,138
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
5.31%
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%
$1,022,760
$1.0M
Cap Rate 7%
$730,543
$730.5K
Cap Rate 9%
$568,200
$568.2K
Market Conditions
NOI Build-Up for 3,274 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
$104.9K $32.04/SF
− Vacancy
−$23.1K −$7.05/SF
EGI
$81.8K $24.99/SF
− OpEx
−$30.7K −$9.37/SF
NOI
$51.1K $15.62/SF
Area
Dallas County, TX
Vacancy
22.00%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
37.50%
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%
$1,022,760
Cap Rate 7%
$730,543
Cap Rate 9%
$568,200
Alternative Uses
Best Use
Mixed Use
$730.5K
$639.2K – $852.3K
NOI $51,138 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$663.0K
$580.1K – $773.5K
NOI $46,409 @ 7.0% cap · market cap 4.82%
Theoretical Best
Multifamily LT 5
$39.24M
$34.34M – $45.79M
NOI $2,747,100 @ 7.0% cap · market cap 285.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and light industrial improvements occupy a fenced, gated site with utility service and on-site storage capacity.
Where is this mixed-use property located?
The property is located at 600 W Simonds Road Seagoville, TX.
What is the asking price?
The asking price for this property is $963,500.
What are key features of this property?
This property features: 3.332‑acre mixed‑use property at 600 W Simonds Road, Seagoville, TX 75159; ±2,274‑square‑foot office building plus ±1,000‑square‑foot storage warehouse; Zoning change to Light Manufacturing is in process from current residential zoning
