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

    4800 Joe Ramsey Blvd Greenville, TX 75401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property with high visibility and easy thoroughfare access.

    Property size:
    5,156 SF
    Lot size:
    1.00 Acre

    Property Features for 4800 Joe Ramsey Blvd

    General Information

    Size
    5,156 SF
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    David English
    Source: Moodyscre

    Listing Agent: David English

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Property Near Medical Center

    This retail property is situated in Greenville, across from Hunt Regional Medical Center. The location offers excellent visibility with frontage on Joe Ramsey Boulevard, a main east-west thoroughfare. The surrounding area includes multifamily developments and industrial/commercial businesses. It is in close proximity to downtown Greenville and provides easy access to US-380, SH-69, SH-34, and I-30. The property has a size of 5156 square feet.
    Location Intelligence

    Current Use by Public Records

    Anytime Fitness Gym

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1288503
    Latitude
    33.1276128

    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
    • $1,500,000
      1.98 Acres

      Medical Office Building on Wesley

      Medical office building on 1.98 acres in rapidly growing area.
      8506 Wesley St, Greenville, TX 75402
      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
    • $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?
    Retail property - Retail property with high visibility and easy thoroughfare access.
    Where is this retail property located?
    The property is located at 4800 Joe Ramsey Blvd Greenville, TX.
    What are key features of this property?
    This property features: - Excellent visibility with frontage on Joe Ramsey, the main east/west thoroughfare.; - Located in the heart of Greenville.; - Close proximity to downtown Greenville.
    (972) 961-8532
    Request Owner's contact information
    4800 Joe Ramsey Blvd Greenville, TX 75401
    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.
    4800 Joe Ramsey Blvd
    Greenville, TX 75401
    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
    4800 Joe Ramsey Blvd Greenville, TX 75401
    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
    David English
    Real Estate License ID: 0370006
    (972) 961-8532
    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.