Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8506 Wesley St Greenville, TX 75402

    Sponsored
    For Sale
    $1,500,000

    Office - Greenville, TX

    Type:Office
    Lot size:
    1.98 Acres
    Days on Market:
    224
    Last Refresh:
    Jan 27 at 6:06 pm

    Property Features for 8506 Wesley St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    50816
    Lot size
    1.98 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1983
    Flooring type
    Tile, Tile - Ceramic, Vinyl, Wood
    Building materials
    Brick
    Roof type
    Spanish Tile, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    LQ Marshall

    Century 21 First Group (903) 885-3146

    Listing agent Lq Marshall (903) 885-3146 License #0592977

    Listing date Jun 18, 2025

    MLS# 20331091 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.

    Learn more

    Property Insight Report

    Overview

    Medical Office Building on Wesley

    Located in a rapidly growing area with over 2500 new homes and businesses, this 3628-square-foot medical office building is situated on approximately 1.98 acres on Wesley Street, conveniently located between I-30 and FM 1570. The property features 10,000 square feet of private parking, recently refinished with asphalt and striped, and is ADA compliant. The current configuration includes a 31 x 21 lobby, a 27 x 24 workspace and reception area, a 17 x 13 conference room, five offices, five bathrooms, four examination rooms, laundry facilities, and a kitchen. Two of the offices have plumbing and sinks, allowing them to be used as examination rooms. The building, which has been used as a dermatology office for over 40 years, includes an attached two-car carport. Other potential uses include business offices, a hair salon, spa, medical or rehab clinic, dentist office, or pet resort or grooming facility. The property is zoned commercial and will be surveyed out of an existing 3.571 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beamer June E ... Dermatologist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Similar Places Nearby

    Crossroads Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.10954
    Latitude
    33.08638

    Nearby Similar for Sale

    • $2,500,000
      3,150 SF

      North Texas Ranch with Barndominium

      140-acre North Texas ranch featuring a nearly 3,200 sq ft barndominium.
      2238 B, Greenville, TX 75401
      View Details
    • $599,900
      0.35 Acres

      Versatile Retail Property Near Downtown

      Multi-use commercial property with high potential in a growing area.
      2602 Jones St, Greenville, TX 75401
      View Details
    • $350,000
      0.05 Acres

      Downtown Greenville Commercial Building

      Versatile commercial building in historic downtown Greenville.
      2402 Stonewall St, Greenville, TX 75401
      View Details
    • $4,300,000
      3.90 Acres

      Prime Interstate Frontage in Greenville

      26,000 SF commercial building on 3.9 acres in Greenville, TX
      7311 Interstate Highway 30, Greenville, TX 75402
      View Details
    • $325,000
      0.20 Acres

      Historic Building in Downtown Greenville

      Historic building suitable for commercial, retail, warehouse, or event venue.
      2616 Pickett St, Greenville, TX 75401
      View Details
    • $1,050,000
      2,467 SF

      Craftsman Home on Ranch Land

      47.25-acre ranch with a Craftsman-style home featuring modern amenities.
      3403 County Road 4414, Greenville, TX 75401
      View Details
    • New
      $379,000
      0.19 Acres

      New Duplex in Greenville, TX

      Newly built duplex in upcoming neighborhood, great investment opportunity.
      3300 Stevens St, Greenville, TX 75401
      View Details
    • $369,900
      0.17 Acres

      New Greenville Duplex Investment Opportunity

      New duplex in Greenville, TX, ideal for generating income.
      2107 Church St, Greenville, TX 75401
      View Details
    • $495,000
      0.64 Acres

      Remodeled Commercial Building in Greenville

      Fully remodeled commercial building with modern amenities in a prime location.
      1912 Joe Ramsey Blvd E, Greenville, TX 75401
      View Details
    • $1,550,000
      0.19 Acres

      Five Townhomes in Greenville, TX

      Five leased townhomes with immediate income potential in Greenville, TX.
      2301 Abilene St, Greenville, TX 75401
      View Details
    • New
      $650,000
      7,072 SF

      Historic Church Ready for Vision

      Historic Cedar Grove Church on 2+ acres, ideal for various ventures.
      919 County Road 2178, Greenville, TX 75402
      View Details
    • $369,000
      0.10 Acres

      New Build Duplex in Greenville

      Modern duplex in Greenville, TX, great investment opportunity.
      2113 Henry St, Greenville, TX 75401
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office building on 1.98 acres in rapidly growing area.
    Where is this medical office located?
    The property is located at 8506 Wesley St Greenville, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime location in a rapidly growing area with over 2500 new homes and businesses.; - Large 3628 sq ft medical office building on approximately 1.98 acres.; - 10,000 sq ft private parking area, recently refinished.
    (903) 885-3146
    Request Owner's contact information
    8506 Wesley St Greenville, TX 75402
    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.
    8506 Wesley St
    Greenville, TX 75402
    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
    8506 Wesley St Greenville, TX 75402
    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

    We can help!
    Listing Contact
    LQ Marshall
    Real Estate License ID: 0592977
    (903) 885-3146
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.