Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5108 Lee St Greenville, TX 75401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr ($3,810 /Mo)

    4,572 SF flex space near Highway 69 in Greenville.

    Property size:
    4,572 SF
    Lot size:
    2.99 Acres

    Property Features for 5108 Lee St

    General Information

    Standard status
    Active
    Size
    4,572 SF
    Lot size
    2.99 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Shane Hendrix
    Shane Hendrix
    Source: Exitrealty

    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

    Overview

    Highway 69 Flex Space

    This 4,572 square-foot flex space is located near Highway 69 in Greenville, Texas. Situated on 2.99 acres, the property offers retail-flex space and the possibility of outside storage. Zoned for light industrial use, the site is suitable for businesses seeking a showroom-office area combined with outside storage. The property includes ample paved parking, prominent signage, and convenient access to Highway 69 and Highway 380. The property is suitable for most businesses.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1339534
    Latitude
    33.1416533

    Nearby Similar for Lease

    • New
      $7,500 /Mo
      302,306 SF

      Retail Space in Greenville, TX

      Retail space available for lease in Greenville, Texas.
      3856 State Highway 34 S, Greenville, TX 75402
      View Details
    • $1,975 /Mo
      2,178 SF

      Downtown Greenville Retail/Office Space

      Prime commercial space in historic downtown Greenville, ideal for various businesses.
      2402 Stonewall St, Greenville, TX 75401
      View Details
    • $4,000 /Mo
      14,593 SF

      Versatile Organization Center in Greenville

      20,000 SF multi-use facility with recreational and commercial features.
      2615 Crockett St, Greenville, TX 75401
      View Details
    • $1,500 /Mo
      14,810 SF

      Greenville Office Space For Lease

      Office space with convenient location, handicap accessible, and beautiful finish.
      2708 Sunset Strip Rd, Greenville, TX 75402
      View Details
    • $14 SF/Yr
      7,144 SF

      Downtown Greenville Retail/Hospitality Space

      Refreshed storefront near the Square, ideal for retail or hospitality.
      2308 Lee St, Greenville, TX 75401
      View Details
    • $3,800 /Mo
      7,144 SF

      Downtown Greenville Retail/Restaurant Opportunity

      Prime retail or restaurant space in revitalized downtown Greenville.
      2302 Lee St, Greenville, TX 75401
      View Details
    • New
      $5,100 /Mo
      879,041 SF

      Secured Truck Parking in Greenville

      Secure truck, trailer, RV, and boat parking available for lease.
      3251 Fm 118, Greenville, TX 75401
      View Details
    • $6,075 /Mo
      65,340 SF

      Downtown Greenville Retail Opportunity

      Prime retail space in vibrant downtown Greenville, Texas.
      2405 Lee St, Greenville, TX 75401
      View Details
    • $1,985 /Mo
      3,980 SF

      Greenville Office Space Sublease Available

      Sublease opportunity in Greenville's medical district with shared common areas.
      3900 Joe Ramsey Blvd E, Greenville, TX 75401
      View Details
    • $1,400 /Mo
      1,765,879 SF

      Greenville Warehouse and Office Space

      Office and warehouse space available for lease in Greenville, TX.
      3575 Highway 34, Greenville, TX 75402
      View Details
    • $2,200 /Mo
      297,079 SF

      Greenville Warehouse and Office Space

      Warehouse-office space near Hwy 34 with flexible configurations.
      4509 County Road 2200, Greenville, TX 75402
      View Details
    • $2,800 /Mo
      1,765,879 SF

      Greenville Warehouse and Office Space

      Office and warehouse space available for lease in Greenville, TX.
      3575a Highway 34, Greenville, TX 75402
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,572 SF flex space near Highway 69 in Greenville.
    Where is this flex space located?
    The property is located at 5108 Lee St Greenville, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - 4,572 sq ft flex space with outside storage on 2.99 acres.; - Strategic location near Highway 69 and Highway 380 in Greenville, Texas.; - Zoned for light industrial use, suitable for showroom-office with outside storage.
    (469) 757-6132
    Request Owner's contact information
    5108 Lee 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.
    5108 Lee 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
    5108 Lee 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
    Shane Hendrix
    Real Estate License ID: 0776260
    (469) 757-6132 (214) 460-8926 (972) 922-3691
    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!