401 W Simonds Rd, Seagoville, TX 75159
- $1,255,000
- List Price
- $1,255,000
- Price Change
- ▲ $280,000 1785883383
- MLS#
- 21308571
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 2000
- Construction Status
- Preowned
- Acres
- 2
- County
- Dallas
- City
- Seagoville
- Subdivision
- SEAGO-SIMONDS ADDITION
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.
Additional Information
- Tenant Pays
- AllUtilities, CommonAreaMaintenance, Electricity, ExteriorMaintenance, Gas, Insurance, Management, None, Other, Security, Sewer, Taxes, TrashCollection, Water
- Lot Size
- 87,120
- Acres
- 2
- Lot Description
- Cleared, Irregular Lot, Landscaped, Level, Other, Few Trees
- Flooring
- Other, Tile, Vinyl
- Foundation
- Other, Pillar/Post/Pier
- Roof
- Composition, Other
- Building Stories
- 1
- Parking Garage
- Additional Parking, Asphalt, Common, Drive Through, Direct Access, Electric Gate, Gravel, Gated, Lighted, Other, Parking Lot, Private, Secured
- Possession
- Negotiable
- Proposed Use
- Automotive, Industrial, Office, Other, Warehouse, Wholesale Operation
- Inclusions
- Land & Improvements
- Community Features
- Curbs
Mortgage Calculator
Listing courtesy of KARAM KHALIL from KHALiL REAL ESTATE. Contact: 817-881-2662
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
Last updated: