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    The Largest CRE Database in the US with Over 1 Million Listings

    919 County Road 2178 Greenville, TX 75402

    Sponsored
    For Sale
    $650,000

    Business - Greenville, TX

    Type:Business
    Property size:
    7,072 SF
    Lot size:
    2.44 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 2 at 1:06 am

    Property Features for 919 County Road 2178

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    111269
    Parking features
    Parking Lot
    Size
    7,072 SF
    Lot size
    2.44 Acres

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Heat Pump

    Building Details

    Year built
    1996
    Flooring type
    Carpet, Linoleum
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    D'Anna Bates

    McBrayer Realty Services, Inc. (972) 235-7400

    Listing agent D'Anna Bates (972) 235-7400 License #0682958

    Listing date Jan 24, 2026

    MLS# 21162779 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

    Historic Church Ready for Vision

    The historic Cedar Grove Church, dating back to 1898, is situated on a 2 plus acre property with oak trees. The property is suitable for a congregation, wedding venue, private school, or retreat center. The main sanctuary building is approximately 5,572 square feet and includes a large sanctuary, five classrooms, a separate foyer, a fully pre-wired media room, and a pastor’s office. It also features a recently upgraded aerobic septic system and a newer roof. The fellowship hall is approximately 1,500 square feet and includes new appliances, tables and chairs, a one-year-old roof, a mounted 55-inch TV, an upgraded electrical system, and new fire extinguishers. Additional features include an on-site cemetery with historic significance, a large concrete pad (approximately 31x70) suitable for outdoor weddings or events, a 20x20 storage building with additional space, and outdoor LED lighting. A recent property survey has been completed. The property is located minutes from I-30 and less than an hour from Dallas, offering a quiet country setting with easy access to city conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Wholesale Shop Auto Repair Shop Gym & Fitness Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.140943
    Latitude
    33.054414

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    FAQs

    What type of property is this?
    Church & religious facility - Historic Cedar Grove Church on 2+ acres, ideal for various ventures.
    Where is this church & religious facility located?
    The property is located at 919 County Road 2178 Greenville, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Versatile 5,572 sq ft main sanctuary building suitable for various purposes.; - Serene 2+ acre property with mature oak trees, offering a peaceful country setting near city conveniences and easy access to I-30 and Dallas.; - Includes a **1,500 sq ft fellowship hall with new appliances, furniture, and upgraded systems.**
    (972) 235-7400
    Request Owner's contact information
    919 County Road 2178 Greenville, TX 75402
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    Greenville, TX 75402
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    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
    919 County Road 2178 Greenville, TX 75402
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    We can help!
    Listing Contact
    D'Anna Bates
    Real Estate License ID: 0682958
    (972) 235-7400
    Learn more
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