406 Cypress StSeagoville, TX 75159

Property Details for 406 Cypress St

Year built

1988

Construction

STEEL FRAME

Lot size

0.65 AC

Property size (Sq ft)

2,400 SF

Property type

Day care centers & nurseries

APN

500314500A0010000

APU

500314500A0010000

Description

This exceptional 4,200 square foot commercial property in Seagoville, Texas, presents a unique investment opportunity. Situated on a 0.68-acre lot, the property currently operates as a preparatory school and holds a special use permit for daycare services, making it ideally suited for a variety of uses. The main building boasts a large entryway/lobby, a fully equipped kitchen, a dedicated office space, a restroom, and a sizable media room. An additional room offers versatile potential as storage or a second office. The rear building comprises four generously sized classrooms, each complemented by its own bathroom. A dedicated playground area is also included, enhancing the property's appeal for educational or childcare-related ventures. The property's zoning and existing permits offer significant flexibility for prospective buyers, making it an attractive option for charter schools, churches, or other similar organizations seeking a well-established and versatile space. The asking price is $600,000. The property's location in Seagoville provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a substantial commercial property with existing infrastructure and significant potential for future development. The property is ready for immediate occupancy and offers a strong return on investment for the right buyer. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $503,874

  6.5%

  $465,114

  7%

  $431,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,309

  Geo Method

  $718,536

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $925,884

  Retail / Commercial

  $472,796

  Mixed-Use / Specialty

  $469,540

  Hospitality / Lodging

  $342,441

  Office

  $465,114

  Institutional / Educational

  $487,571

  Residential Income

  $570,458

  Multifamily

  $692,883

  Automotive / Energy

  $417,918

  Parking / Income-Based Land

  $145,770

  Restaurant / Food Service

  $240,859

  Healthcare / Senior Housing

  $483,115

Location Insight

City

Seagoville

County

Dallas

State

Texas

Latitude

32.6373

Longitude

-96.5396

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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