Add Listing
    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

    1500 Wellington St Greenville, TX 75401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for purchase.

    Lot size:
    25.00 Acres

    Property Features for 1500 Wellington St

    General Information

    Lot size
    25.00 Acres

    We can help!

    Listing Contact
    Shane Hendrix
    Source: Elliman

    Listing Agency: M&D CRE, LLC Listing Agent: Shane Hendrix

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

    Learn more

    Property Insight Report

    Overview

    Land For Sale

    This land property, located at 1500 Wellington St in Greenville, TX 75401, is available for sale. The list price is $1,200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.124736
    Latitude
    33.1469459

    Nearby Similar for Sale

    • New
      $549,900
      0.50 Acres

      Charming Venue with Commercial Potential

      Unique property with character, creativity, and opportunity in Greenville.
      1403 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
    • New
      $1,750,000
      6,250 SF

      Office Showroom Warehouse on 1.5 Acres

      Office showroom and warehouse with loft and secure perimeter.
      4626 County Road 2200, Greenville, TX 75402
      View Details
    • $399,900
      3.35 Acres

      Greenville Commercial Opportunity on 3.35 Acres

      Prime location near major thoroughfares, ideal for healthcare or office.
      5020 Sayle St, Greenville, TX 75402
      View Details
    • $399,999
      0.47 Acres

      Greenville Car Wash Redevelopment Opportunity

      Non-operational car wash in high-traffic area, ideal for redevelopment.
      1300 Stonewall St, Greenville, TX 75401
      View Details
    • $347,000
      0.45 Acres

      Turnkey Car Wash Investment Opportunity

      Well-maintained self-serve car wash with prime location in Greenville.
      5000 Benton St, Greenville, TX 75402
      View Details
    • $399,000
      2.00 Acres

      New Office Condos in Greenville

      New office condos for sale, available January 2026.
      2200 Traders Rd, Greenville, TX 75402
      View Details
    • $80,000
      673 SF

      Greenville Office Space For Sale

      Office space with reception area, offices, and parking.
      2608 Eastland Ave, Greenville, TX 75402
      View Details
    • $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
    • $1,900,000
      21,840 SF

      Greenville Warehouse with I-30 Frontage

      21,840 SF warehouse with high visibility and easy access.
      5405 Interstate Highway 30, Greenville, TX 75402
      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
    • $995,000
      2,467 SF

      Greenville Ranch with Craftsman Home

      47.25-acre ranch featuring a beautifully designed Craftsman-style home.
      3403 County Road 4414, Greenville, TX 75401
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase.
    Where is this land located?
    The property is located at 1500 Wellington St Greenville, TX.
    What are key features of this property?
    This property features: - No selling points could be extracted from the provided information as it is empty.
    Request Owner's contact information
    1500 Wellington St 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.
    1500 Wellington St
    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
    1500 Wellington St 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
    Shane Hendrix
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!