Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1506 N Greenville Avenue Allen, TX 75002

    View on Map
    Claim this Listing
    For Lease
    $1,000 /Mo

    Office - Allen, TX

    Type:Office
    Added:
    Apr 7, 2026
    Days on Market:
    27
    Last Refresh:
    May 3 at 3:06 am

    Property Features for 1506 N Greenville Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Other
    Standard status
    Active
    APN
    00000

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1995
    Flooring type
    Other
    Building materials
    Brick, Concrete, Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Viren Shah

    Listing agent Viren Shah License #0605532

    Listing office VP Realty Services 1213 Vineland Ct., Allen, TX

    Listing date Apr 7, 2026

    MLS# 21211384 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Office Space Available

    Two private office rooms are available for rent. Each room includes a desk and chair. Utilities such as electricity, water, and Wi-Fi are included in the rental price. Weekly cleaning services are provided. The space is available immediately. Pets are considered on a case-by-case basis with a refundable deposit per pet. The owner pays the HOA fees. Tenants are responsible for providing their own washer, dryer, and refrigerator. The property is located in Allen, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Timothy Vassberg Counselor Maske Family Chiropractic Alternative Medicine Practice Tesia Choi Physician Adria Wassom Physician Shacarol Monteiro Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.649108
    Latitude
    33.120764

    Nearby Similar for Lease

    • $6,501/Mo

      Furnished Office Space in Allen, TX

      Fully-furnished office spaces with amenities in Allen, Texas, available for rent.
      450 Century Parkway, Allen, TX 75013
      View Details
    • $6,000/Mo

      Furnished Office Space in Allen

      Fully-furnished office space with amenities in Allen, Texas.
      450 Century Parkway, Allen, TX 75013
      View Details
    • $6,500/Mo

      Furnished Office Space in Allen, TX

      Fully-furnished office space with amenities in Allen, Texas.
      450 Century Parkway, Allen, TX 75013
      View Details
    • $751/Mo

      Furnished Office Space in Allen, TX

      Fully-furnished office spaces with amenities in Allen, Texas, available for rent.
      450 Century Parkway, Allen, TX 75013
      View Details
    • $6,500/Mo

      Retail Space in Allen, TX

      Prime retail space in high-traffic Allen shopping center.
      1259 N Alma Drive, Allen, TX 75013
      View Details
    • $3,000/Mo

      Furnished Office Space in Allen

      Fully-furnished office spaces with amenities in Allen, Texas.
      450 Century Parkway, Allen, TX 75013
      View Details
    • $15,000/Mo

      Proposed Retail Space in Allen

      Proposed retail and commercial space available for lease in Allen.
      0000 McGarity Lane, Allen, TX 75002
      View Details
    • $2,500/Mo

      Downtown Allen Office Space Available

      Office space with workstations, private office, and reception area.
      201 W Main Street, Allen, TX 75013
      View Details
    • $1,500/Mo

      Downtown Allen Upstairs Office Space

      Office space in Downtown Allen with private and open workspaces.
      115 W Main Street, Allen, TX 75013
      View Details
    • $2,000/Mo

      Allen Office Space For Rent

      Centrally located office space in Allen, Texas available for lease.
      315 S Jupiter Road, Allen, TX 75002
      View Details
    • $7,000/Mo

      Allen Office Space For Lease

      Centrally located office space in Allen, Texas available for lease.
      315 S Jupiter Road, Allen, TX 75002
      View Details
    • Contact for pricing

      Allen Retail/Fitness Space Available

      Move-in ready retail suite in high-traffic Allen, TX corridor.
      503 West McDermott Drive, Allen, TX 75013
      View Details

    FAQs

    What type of property is this?
    Office units - Furnished office spaces for rent with utilities included in Allen.
    Where is this office units located?
    The property is located at 1506 N Greenville Avenue Allen, TX.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Utilities included: electricity, water, and Wi‑Fi.; Furnished with a desk and chair.; Weekly cleaning services provided.
    (214) 597-0294
    We can help!
    Listing Contact
    Viren Shah
    Real Estate License ID: 0605532
    Learn More
    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.
    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

    Thank You for Inquiry

    1506 N Greenville Avenue, Allen, TX 75002

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!