Retail Space with Interstate
New
For Sale
$975,000
1401 Interstate Highway 30, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size4,024 SF
Lot Size2.17 Acres
Price / SF$242.30
Days on Market1
Property Features for 1401 Interstate Highway 30
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Carport, Parking Lot, Garage, RV, Driveway
Directions
GPS
Standard status
Active
APN
27453
Lot size
2.17 Acres
Taxes and HOA fees
Tax Description
A0510 HILLER JOSEPH, TRACT 11, ACRES 1.67,(AL
Tax Annual Amount
3659
Legal Description
A0510 HILLER JOSEPH, TRACT 11, ACRES 1.67,(AL
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, Block, Concrete
Roof type
Asphalt, Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Stephen Ash · License #0757978
(903) 456-0296
Added: Sep 24
Last Checked: Sep 24 at 7:06AM
MLS# 21393251
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property comprises two separate buildings totaling approximately 4,024 square feet on approximately 2.17 acres. The larger structure contains approximately 2,400 square feet, while the second building provides approximately 1,624 square feet. Improvements date to 1967 and include brick, block, and concrete construction, concrete flooring, central heating and central air conditioning, asphalt and composition roofing, public water, and public sewer.
The property fronts the Interstate 30 service road and provides access to Interstate 30 at Exit 96, with exposure to eastbound traffic. On-site parking includes a parking lot, carport, garage, RV parking, and driveway areas. The available configuration can accommodate a range of commercial concepts identified for the property, including convenience retail, restaurant, showroom, office, service, entertainment, event, and specialty retail uses, subject to verification of zoning and permitted uses.
The property fronts the Interstate 30 service road and provides access to Interstate 30 at Exit 96, with exposure to eastbound traffic. On-site parking includes a parking lot, carport, garage, RV parking, and driveway areas. The available configuration can accommodate a range of commercial concepts identified for the property, including convenience retail, restaurant, showroom, office, service, entertainment, event, and specialty retail uses, subject to verification of zoning and permitted uses.
Key Highlights
- Approximately 2.17 acres with two commercial buildings
- Approximately 4,024 square feet combined
- Approximately 2,400‑square‑foot primary building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,000
$1.4M
Cap Rate 7%
$990,000
$990.0K
Cap Rate 9%
$770,000
$770.0K
Market Conditions
NOI Build-Up for 4,024 SF
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.
Gross rent
$97.1K $24.12/SF
− Vacancy
−$4.7K −$1.16/SF
EGI
$92.4K $22.96/SF
− OpEx
−$23.1K −$5.74/SF
NOI
$69.3K $17.22/SF
Area
Hunt County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,386,000
Cap Rate 7%
$990,000
Cap Rate 9%
$770,000
Alternative Uses
Best Use
Specialty Retail
$990.0K
$866.3K – $1.16M
NOI $69,300 @ 7.0% cap · market cap 7.11%
Second Best
Retail
$925.0K
$809.4K – $1.08M
NOI $64,748 @ 7.0% cap · market cap 6.64%
Theoretical Best
Industrial
$4.00M
$3.50M – $4.66M
NOI $279,894 @ 7.0% cap · market cap 28.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Goodwill
Apparel
5,528 visits/mo
0.4 miles
Demographics for 75402, TX
18,983
Population
8,024
Households
2.4
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
90.8 sq mi
ZIP Area
209
Density / Sq Mi
$77,602
Median Household Income
$46,076
Median Earnings
$1,414
Median Rent
$252,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building commercial property with parking, public utilities, and adaptable space for retail or service-oriented operations.
Where is this retail space located?
The property is located at 1401 Interstate Highway 30 Greenville, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approximately 2.17 acres with two commercial buildings; Approximately 4,024 square feet combined; Approximately 2,400‑square‑foot primary building
