401 W Simonds Road, Seagoville, TX 75159
401 W Simonds Road, Seagoville, TX 75159
401 W Simonds Road, Seagoville, TX 75159
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David Sheehan

David Sheehan

REFLECT Real Estate

+1(214) 923-5897
$1,255,000
Est. payment /mo
2 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Seago-Simonds Addition

MLS Listing ID 21308571

Total Fin. Sqft 5180

Year Built 2000

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Industrial

Property Description

Khalil Real Estate is pleased to present an exceptional investment opportunity to acquire a fully leased industrial outdoor storage (IOS) and office property located in Seagoville, Texas. Offered at $1,255,000, the Property provides investors with stable in-place cash flow, generating approximately $6,800 per month ($81,600 annually) in net operating income, representing an attractive 6.5% capitalization rate.

Situated on 1.984 acres (86,423 SF), this fully fenced and secure industrially zoned property is positioned less than one minute from Highway 175, providing excellent access to the Dallas-Fort Worth Metroplex. Industrial Outdoor Storage (IOS) assets continue to experience strong investor demand due to their limited supply, increasing land values, and broad tenant appeal.

The Property is improved with three separate buildings totaling approximately 5,180 square feet, including a fully renovated ±3,720-square-foot office building, a ±610-square-foot auxiliary building with a full kitchen, bathroom, and living quarters, and an ±850-square-foot two-bay mechanic workshop. The improvements are separately metered, providing operational flexibility and enhancing the long-term functionality of the asset.

The current tenant utilizes the Property for towing, vehicle storage, dispatch operations, and fleet management, highlighting the versatility of the site for a variety of industrial users. The Property's industrial zoning, expansive outdoor storage area, and functional improvements position it well for continued occupancy by towing companies, contractors, fleet operators, equipment rental businesses, utility contractors, and other industrial outdoor storage users.

With industrially zoned land becoming increasingly scarce throughout the Dallas-Fort Worth market, this offering provides investors the opportunity to acquire a stabilized, income-producing asset backed by a desirable IOS use, a strategic location, and long-term appreciation potential.

Location

State TX

County Dallas

Zoning Industrial

Direction Please use GPS.

Interior

Heating Other

Cooling Other

Flooring Other, Tile, Vinyl

Heat Source Other

Exterior

Utilities Available Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Other

Roof Type Composition,Other

Garage No

Building

Lot Description Acreage, Cleared, Few Trees, Interior Lot, Landscaped, Level, Other

Foundation Pillar/Post/Pier, Other

Structure Type Vinyl Siding,Wood,Other

Others

Acceptable Financing 1031 Exchange, Cash, Contact Agent, Conventional, Lease Purchase, Owner Will Carry, Private Financing Available, Other

Listing Terms 1031 Exchange, Cash, Contact Agent, Conventional, Lease Purchase, Owner Will Carry, Private Financing Available, Other

Special Listing Condition Aerial Photo, Agent Related to Owner, Owner/ Agent, Survey Available, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21308571


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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by KARAM KHALIL • KHALiL REAL ESTATE

NEARBY SCHOOL & BUSINESS

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Reflect Real Estate

Reflect Real Estate

+1(214) 449-1822

Brokerage | License ID: 9010073

Brokerage License ID: 9010073

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