Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    301 Modene St Seagoville, TX 75159-2001

    • Commercial real estate
    • 11.39 lot acres
    OFF-MARKET
    Last Sale
    Sep 12, 2023
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4017371
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Creekside Estates / Mobile Home Dealer
    • Peña sprinklers repair / Lawn Sprinkler System Contractor

    Property Details for 301 Modene St

    Lot size
    11.39 lot acres
    Zone code
    SUP12
    Property type
    Commercial real estate
    APN
    65054144010280000
    APU
    65054144010280000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seagoville
    County
    Dallas
    State
    Texas
    Longitude
    -96.5721
    Latitude
    32.667
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $126,961
    $341,700
    $5,209,520
    $5,551,220
    -
    $341,700
    $5,209,520
    $5,551,220

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      1515 Us Highway 175

      Land • 0.99 Acres
      1515 Us Highway 175, Seagoville, TX 75159
      View Details
    • Value Estimation by Request
      28.39 Acres

      1050 Kaufman St

      COMMERCIAL (GENERAL) • 28.39 Acres
      1050 Kaufman St, Seagoville, TX 75159-3181
      View Details
    • Value Estimation
      $460,000
      17,864 SF

      110 Fm 3039

      COMMERCIAL (GENERAL) • 17,864 SF
      110 Fm 3039, Combine, TX 75159-5600
      View Details
    • Value Estimation by Request
      7.34 Acres

      1385 Combine Rd

      COMMERCIAL (GENERAL) • 7.34 Acres
      1385 Combine Rd, Seagoville, TX 75159-4765
      View Details
    • Value Estimation by Request
      31.67 Acres

      1010 Fran St

      COMMERCIAL (GENERAL) • 31.67 Acres
      1010 Fran St, Seagoville, TX 75159-3436
      View Details
    • Value Estimation by Request
      7,800 SF

      1110 Hwy 175

      COMMERCIAL (GENERAL) • 7,800 SF
      1110 Hwy 175, Seagoville, TX 75159-2344
      View Details

    Similar Nearby for Sale

    • $980,000
      2.40 Acres

      Seagoville Commercial Land - 2.4 Acres

      Prime Seagoville land, ideal retail/medical.
      351 Hall Rd, Seagoville, TX 75159
      View Details
    • Contact for pricing
      0.99 Acres

      Seagoville Commercial Land - Two Pads

      Prime Seagoville land, two pads, high visibility.
      1515 Us Highway 175, Seagoville, TX 75159
      View Details
    • $750,000
      5.00 Acres

      Seagoville Commercial Land - 5 Acres

      Prime 5-acre tract, commercial/agricultural zoning.
      620 Kaufman St, Seagoville, TX 75159
      View Details
    • Contact for pricing
      8,125 SF

      Seagoville Retail Space - Hwy 175

      8,125 SF Retail Building, High Visibility
      199 Us Highway 175, Seagoville, TX 75159
      View Details
    • $504,000

      Seagoville Acreage with Road Access

      Prime land parcel in Seagoville, Texas, with development potential.
      1211 W Simonds Rd, Seagoville, TX 75159
      View Details
    • $90,000
      0.52 Acres

      Seagoville Land with Mature Trees

      0.52 acre lot with mature trees and utilities ready for building.
      1001 Netherland Dr, Seagoville, TX 75159
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space Near Walmart

      Retail spaces available near Walmart Supercenter with freeway frontage.
      300-344 Highway 175 N, Seagoville, TX 75159
      View Details
    • $40,950

      New Construction Retail/Office Space

      New construction retail/office space for lease in Seagoville, TX.
      199 N Us-175 140, Seagoville, TX 75159
      View Details
    • Contact for pricing
      2,200 SF

      New Retail Strip Center Space

      Newly constructed retail spaces available in Seagoville, Texas.
      950 E Malloy Bridge Rd, Seagoville, TX 75159
      View Details
    • $40,950
      122,752 SF

      New Retail/Office Space Available

      New construction retail/office building for lease in Seagoville, TX.
      199 N Us-175, Seagoville, TX 75159
      View Details
    • Contact for pricing

      Seagoville Acreage for Lease

      103.54-acre tract near US Highway 175 available for lease.
      2101 Bowers Rd, Seagoville, TX 75159
      View Details
    • Contact for pricing
      2,340 SF

      Seagoville Office Space Available

      Office space ideal for medical, dental, or professional use.
      605 Avalon Dr, Seagoville, TX 75159
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Modene St
    Seagoville, TX 75159-2001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.