Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lots in Greenville, TX Title is generated by Realmo AI

    2923 Bourland St, Greenville, TX 75401

    View on Map
    Claim this Listing
    For Sale
    $249,300

    Unimproved Land - Greenville, TX

    Type:Unimproved Land
    Lot size:
    0.20 Acres
    Added:
    Oct 7, 2025
    Days on Market:
    223
    Last Refresh:
    May 17 at 4:06 am

    Property Features for 2923 Bourland St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    72863
    Lot size
    0.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Hammons
    Ashley Hammons

    Listing agent Ashley Hammons License #0615230

    Listing office AT Home Texas Real Estate 7902 Traders Cir Ste A, GREENVILLE, TX

    Listing date Oct 7, 2025

    MLS# 21079648 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.

    HighLights

    • Three prime residential lots in Greenville's Original Town subdivision.
    • Ideal for custom builds, investment homes, or small residential development.
    • Excellent location with easy access to downtown Greenville's shops, dining, and community events.
    • Quick commutes via I‑30 and Hwy 380.
    • Surrounded by established homes and ongoing infill projects.
    • Proximity to local schools and amenities.

    Overview

    Three residential lots are available in the thriving community of Greenville, within the Original Town subdivision. These parcels offer location, flexibility, and growth potential, making them suitable for custom builds, investment homes, or a small residential development. The lots provide a blank canvas surrounded by established homes and ongoing infill projects, with access to downtown Greenville's shops, dining, and community events. Commuting is facilitated by proximity to I-30 and Hwy 380, along with local schools and amenities. The combined lot size is approximately 0.198 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1106648
    Latitude
    33.1431145

    Nearby Similar for Sale

    • $750,000
      2,925 SF

      Established Auto Repair Shop For Sale

      Long-standing auto repair shop with expansion potential in Greenville, TX.
      7903 Traders Circle, Greenville, TX 75402
      View Details
    • $399,000

      New Office Condos in Greenville

      New office condos with easy access and modern amenities.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $399,000

      New Office Condos in Greenville

      New office condos for sale, available January 2026.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $425,000

      New Office Condos in Greenville

      New office condos for sale with easy highway access.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $395,000

      New Office Condos in Greenville

      New office condos for professionals, available January 2026.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $425,000

      New Office Condos in Greenville

      New office condos for sale, available January 2026.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $399,000

      New Office Condos For Sale

      New office condos with easy access to major highways.
      2200 Traders Road, Greenville, TX 75402
      View Details
    • $280,250
      1,722 SF

      Versatile Commercial Space, High-Traffic Location

      Adaptable commercial property near downtown Greenville with high visibility.
      3503 Stonewall Street, Greenville, TX 75401
      View Details
    • $347,000

      Turnkey Car Wash Investment Opportunity

      Well-maintained self-serve car wash with prime location in Greenville.
      5000 Benton Street, Greenville, TX 75402
      View Details
    • $399,999

      Greenville Car Wash Redevelopment Opportunity

      Non-operational car wash in high-traffic area, ideal for redevelopment.
      1300 Stonewall Street, Greenville, TX 75401
      View Details
    • $399,900

      Greenville Commercial Opportunity on 3.35 Acres

      Prime location near major thoroughfares, ideal for healthcare or office.
      5020 Sayle Street, Greenville, TX 75402
      View Details
    • $425,000

      New Office Condos in Greenville

      New office condos with easy access to I-30.
      2200 Traders Road, Greenville, TX 75402
      View Details

    FAQs

    What type of property is this?
    Land - Three residential lots in Greenville's thriving community, ideal for development.
    Where is this land located?
    The property is located at 2923 Bourland St Greenville, TX.
    What is the asking price?
    The asking price for this property is $249,300.
    What are key features of this property?
    This property features: Three prime residential lots in Greenville's Original Town subdivision.; Ideal for custom builds, investment homes, or small residential development.; Excellent location with easy access to downtown Greenville's shops, dining, and community events.
    (903) 454-2824
    We can help!
    Listing Contact
    Ashley Hammons
    Ashley Hammons
    Real Estate License ID: 0615230
    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
    2923 Bourland St, Greenville, TX 75401
    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!