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    High-Visibility Industrial Land Tract Title is generated by Realmo AI

    1656 Highway 380, Greenville, TX 75401

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    Claim this Listing
    For Sale
    $3,500,000

    LAND - Greenville, TX

    Lot size:
    53.92 Acres
    Added:
    May 26, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 1656 Highway 380

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    25822
    Lot size
    53.92 Acres

    Taxes and HOA fees

    Tax Description
    A0407 HOPKINS WILLIAM H, TRACT 14, ACRES 53.9246
    Tax Annual Amount
    2798

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Joanna Arnwine

    Listing agent Joanna Arnwine License #0539674

    Listing office RE/MAX Four Corners McKinney, TX

    Listing date May 26, 2026

    MLS# 21115516

    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.

    HighLights

    • 54‑acre tract just outside the Greenville city limits with frontage on US Highway 380 and CR 1063
    • Bordered by Kansas City Southern Railway to the north
    • Direct access to US Hwy 380 with nearby connections to I‑30, US Hwy 69, and Hwy 34
    • Includes two lakes on‑site: approx. 11 acres and 5 acres
    • On‑site septic tank sewer system
    • Brick construction with composition roof; central heating and central air; garage; electric heating; carpet and vinyl flooring (built 1975)

    Overview

    Positioned just outside Greenville city limits, this large industrial land tract is offered as a commercial or industrial development opportunity with high-visibility frontage. The property is bordered by the Kansas City Southern Railway to the north and includes two substantial lakes—approximately 11 acres and 5 acres—creating added flexibility for future planning. The lakes also provide an abundant on-site groundwater supply, supporting a wider range of development concepts.

    The tract offers immediate connectivity to regional transportation routes, with access to US Hwy 380, I-30, US Hwy 69, and Hwy 34. It is located near Greenville’s major industrial corridors and is described as benefiting from strong traffic counts and steady area growth. The site is within the Hunt County market, with Greenville identified as an expanding community about 45 miles northeast of Dallas and 30 miles east of McKinney, and served by two major airports less than an hour away.

    Given its large footprint, rail adjacency, and multi-route highway access, this property is well suited for investors or developers targeting a distribution hub, manufacturing facility, or mixed commercial development. The combination of transportation reach and water resources may also appeal to users seeking greater site flexibility for long-term operating and expansion needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Electrical Service Storage Facility Tech Support Center Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.156156
    Latitude
    33.137257

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    FAQs

    What type of property is this?
    Industrial land - Large-acreage site with major highway access and on-site lakes for water and development flexibility.
    Where is this industrial land located?
    The property is located at 1656 Highway 380 Greenville, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 54‑acre tract just outside the Greenville city limits with frontage on US Highway 380 and CR 1063; Bordered by Kansas City Southern Railway to the north; Direct access to US Hwy 380 with nearby connections to I‑30, US Hwy 69, and Hwy 34
    (214) 491-7257
    We can help!
    Listing Contact
    Joanna Arnwine
    Real Estate License ID: 0539674
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    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
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