Two-Story Office
2510 Lee Street, Greenville, TX 75401
For Sale
New
$649,900
CommercialSale, Greenville, TX
Property Size4,638 SF
Lot Size0.07 Acres
Price / SF$140.13
Days on Market2
Property Features for 2510 Lee Street
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Compass RE Texas, LLC
(469) 210-8288
Listed By:
Troy McDonald · License TX #0838835
(214) 814-8100
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
MLS# 21433508
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,638-square-foot, two-story office building has a finished first floor measuring 2,289 square feet. The upper level is arranged as a separate unit with its own street entrance and staircase; structural work has been completed there ahead of a future build-out. Brick construction dates to 1915, with wood and carpet flooring, electric heat, and central air conditioning.
The property sits across the street from the Hunt County Courthouse in downtown Greenville. The 0.0669-acre lot is served by public water and sewer.
The property sits across the street from the Hunt County Courthouse in downtown Greenville. The 0.0669-acre lot is served by public water and sewer.
Key Highlights
- 4,638‑square‑foot office building on a 0.0669‑acre lot
- Finished first floor includes 2,289 square feet
- Upper level has a separate street entrance and staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,819
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,380
$1.2M
Cap Rate 7%
$840,271
$840.3K
Cap Rate 9%
$653,544
$653.5K
Market Conditions
NOI Build-Up for 4,638 SF
Gross rent
$101.9K $21.96/SF
− Vacancy
−$23.4K −$5.05/SF
EGI
$78.4K $16.91/SF
− OpEx
−$19.6K −$4.23/SF
NOI
$58.8K $12.68/SF
Area
Hunt County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,380
Cap Rate 7%
$840,271
Cap Rate 9%
$653,544
Alternative Uses
Best Use
Office B
$840.3K
$735.2K – $980.3K
NOI $58,819 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,552 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 75401, TX
19,550
Population
9,067
Households
2.2
Avg Household Size
34
Median Age
14%
College-Educated
82%
High-School Grad
108.1 sq mi
ZIP Area
181
Density / Sq Mi
$57,335
Median Household Income
$33,244
Median Earnings
$1,157
Median Rent
$163,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Greenville, TX
Properties on Market for Office buildings in Greenville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate street-level access serves the upper floor, which can be configured for office use or another business.
Where is this office building located?
The property is located at 2510 Lee Street Greenville, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 4,638‑square‑foot office building on a 0.0669‑acre lot; Finished first floor includes 2,289 square feet; Upper level has a separate street entrance and staircase
