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

    0000 Greenville Avenue Allen, TX 75002

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,975,000

    3.5 acres of retail-zoned land at a hard corner.

    Type:Commercial/Industrial
    Lot size:
    3.07 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 0000 Greenville Avenue

    General Information

    Standard status
    Active
    Lot size
    3.07 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    David Gloria
    David Gloria

    Listing agent David Gloria License #0408427

    Listing office Ebby Halliday, Realtors

    Listing date Mar 16, 2026

    Source Exitrealty

    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 Ebby Halliday, Realtors

    Overview

    Allen Retail Land For Sale

    This 3.5-acre property is located at the hard corner of S. Greenville Ave and Chaparral. Zoned for retail use, it serves as a gateway into Allen. The location is suitable for a shopping center, restaurants, and other commercial ventures. The property features access to 6-lane divided roads on two sides and a signalized intersection, offering high visibility and growing traffic counts. Chaparral Road divides Allen and Plano, connecting into Parker, Texas, making it a route utilized by all three cities. Greenville Avenue is a major north-south route. This property presents a significant opportunity in Allen, Texas.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.6611296
    Latitude
    33.100861

    Nearby Similar for Sale

    • $420,000
      1,420 SF

      New Office in Allen, TX

      New 1420 SqFt office space in a desirable Allen location.
      1511 McDermott Drive, Allen, TX 75013
      View Details
    • $485,000

      Allen, Texas Luxury Garage

      Modern garage with high ceilings, mezzanine, and equipped kitchen.
      2137 Chelsea Boulevard, Allen, TX 75013
      View Details
    • $250,000
      5,600 SF

      Established Hookah Lounge Business Opportunity

      Profitable hookah lounge business for sale in Allen, Texas.
      1201 Main Street, Allen, TX 75002
      View Details
    • $975,000

      Downtown Allen Building with Garage

      Rare opportunity to own a piece of local Allen history.
      112 W Main Street, Allen, TX 75013
      View Details
    • $1,300,000

      Turnkey Childcare Building in Allen, TX

      Updated childcare building with FF&E, renovated in 2023.
      548 E Bethany Drive, Allen, TX 75002
      View Details
    • $499,000

      Allen Warehouse Car Condo

      City permitted car condo near Highway 75 and Stacy.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $990,000

      Development-Ready Townhome Lots in Allen

      Six contiguous townhome lots in Allen, TX, ready for development.
      514 Toorpu Circle, Allen, TX 75002
      View Details
    • $2,895,000

      Lucas TX Retail Development Site

      Proposed retail and commercial development site in Lucas, Texas.
      0000 McGarity Lane, Lucas, TX 75002
      View Details
    • $730,000

      Two Acre Homesite in Lucas, TX

      Two-acre property ideal for building a dream home.
      1750 New Castle Court, Lucas, TX 75002
      View Details
    • $549,999

      Luxury Garage Condo with Upgrades

      Upgraded 1,000 SF garage condo with loft, gym, and sauna.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $1,100,000

      Allen TX Land in Wimberly

      Nearly one-acre lot in Allen's guard-gated luxury community.
      509 Lakeway Drive, Allen, TX 75013
      View Details
    • $345,000

      Allen, TX Land Opportunity

      Prime lot in Allen's Central Business District.
      379 N Cedar Road, Allen, TX 75002
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.5 acres of retail-zoned land at a hard corner.
    Where is this commercial land located?
    The property is located at 0000 Greenville Avenue Allen, TX.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: Prime 3.5‑acre hard corner location at a signalized intersection.; Zoned for retail, ideal for shopping center or restaurants.; High visibility on S. Greenville Ave and Chaparral Rd.
    (214) 509-0808
    We can help!
    Listing Contact
    David Gloria
    David Gloria
    Real Estate License ID: 0408427
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    0000 Greenville Avenue, Allen, TX 75002

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!