Retail and Office Space
For Sale
Contact for pricing
1022 & 1024 S Greenville Ave, Allen, TX 75002
36,692 SqFt retail and office space for sale.
Property Size36,692 SF
Price / SF$168.97
Days on Market164
Property Features for 1022 & 1024 S Greenville Ave
General Information
Standard status
Active
Size
36,692 SF
Property subtype
Retail, Office
Listing Agency:
Tig Real Estate Services Addison
Listed By:
Matthew Hickey · License #TX 439783
Source:
Crexi
Added: Feb 21
Changed: Jul 6
Last Checked: Aug 3 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tig Real Estate Services Addison
Investment Insights
Based on property information with market context.
This commercial property offers 36,692 square feet of retail and office space. The property is suitable for retail and office use.
Key Highlights
- Retail Property
- 36,692 SqFt
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $797.0k | $21.72 |
| − Vacancy | −$200.8k | −$5.47 |
| EGI | $596.1k | $16.25 |
| − OpEx | −$149.0k | −$4.06 |
| NOI | $447.1k | $12.18 |
36,692 SF · lease $21.72/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Retail
$8.43M
$7.38M – $9.84M
NOI $590,391 @ 7.0% cap · market cap 9.52%
Second Best
Office B
$6.39M
$5.59M – $7.45M
NOI $447,089 @ 7.0% cap · market cap 7.21%
Theoretical Best
Warehouse
$9.73M
$8.51M – $11.35M
NOI $680,795 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 75002, TX
69,939
Population
24,174
Households
2.9
Avg Household Size
38
Median Age
52%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
1,860
Density / Sq Mi
$129,306
Median Household Income
$61,171
Median Earnings
$1,967
Median Rent
$403,800
Median Home Value
Market
Properties on Market for Retail properties & Spaces in Allen
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 36,692 SqFt retail and office space for sale.
Where is this retail property located?
The property is located at 1022 & 1024 S Greenville Ave Allen, TX.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Retail Property; 36,692 SqFt
