401 W Simonds RD, Seagoville, TX 75159
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401 W Simonds RD, Seagoville, TX 75159
401 W Simonds RD, Seagoville, TX 75159
401 W Simonds RD, Seagoville, TX 75159
401 W Simonds RD, Seagoville, TX 75159
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$ 1,255,000
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401 W Simonds RD Seagoville, TX 75159

5,180 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 5,180 sqft

Price per Sqft $242

Subdivision Seago-Simonds Addition

MLS Listing ID 21308571

HOA Y/N No

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

Community Curbs

Zoning Industrial

Direction Please use GPS.

Interior

Heating Other

Cooling Other

Flooring Other, Tile, Vinyl

Inclusions Land & Improvements

Fireplace No

Exterior

Parking Features Additional Parking, Asphalt, Common, Drive Through, Direct Access, Electric Gate, Gravel, Gated, Lighted, Other, Parking Lot, Private, Secured

Community Features Curbs

Utilities Available Cable Available, Electricity Available, Electricity Connected, Other, Phone Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition,Other

Topography Level

Road Frontage City Street, Other

Private Pool No

Building

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

Story 1

Foundation Other, Pillar/Post/Pier

Sewer Public Sewer

Water Public

Others

Tax ID 202600009467

Security Features Security System,Security Gate,Other,Security Lights

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

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

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


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401 W Simonds RD