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    Commercial Development Land with Highway Frontage Title is generated by Realmo AI

    281 Acres HIGHWAY 380, Greenville, TX 75401

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    For Sale
    $22,242,450

    LAND - Greenville, TX

    Lot size:
    281.55 Acres
    Added:
    May 26, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 281 Acres HIGHWAY 380

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    36199
    Lot size
    281.55 Acres

    Taxes and HOA fees

    Tax Description
    A1030 THOMPSON HIRAM, TRACT 10, ACRES 281.55
    Tax Annual Amount
    1033

    We can help!

    Listing Contact
    Zee Star

    Listing agent Zee Star License #0767253

    Listing office Perfect Realty Partners Frisco, TX

    Listing date May 26, 2026

    MLS# 21272346 Listing URL

    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

    • 281.55 acres of commercial land for sale on US Highway 380 in Greenville, Texas, with 3,000+ linear feet of direct highway frontage
    • Dual road access with entry from US Highway 380 and County Road 2148 for multi‑directional development
    • Unzoned Hunt County land status, offering development flexibility with no municipal entitlement process reported
    • Utilities available: co‑op electric and co‑op water
    • Certified survey completed July 2021 by Stovall and Associates RPLS 4435
    • Interstate 30 accessible about 12 miles south via Highway 66 and Highway 69

    Overview

    Offering 281.55 acres of commercial development land with over 3,000 linear feet of direct frontage along US Highway 380. The tract includes a dual road access configuration via US Highway 380 and County Road 2148, supporting multi-directional entry for large-scale development. A certified survey by Stovall and Associates RPLS 4435 was completed in July 2021, and the property currently has an agricultural tax exemption to help keep holding costs low. Co-op electric and co-op water are available at the site, and the property is listed as unzoned, providing maximum development flexibility subject to buyer due diligence.

    The land is located in Hunt County near Greenville, Texas, with interstate access to I-30 approximately 12 miles to the south via Highway 66 and Highway 69. This site sits in a corridor noted for growth, including TxDOT’s commitment to an $8 billion reconstruction of US 380 as a controlled access freeway. The FM 1570 extension is fully funded and in design, and the Collin County Outer Loop is in active corridor preservation.

    With unzoned status and substantial highway exposure, the property may suit a range of industrial and commercial users, including logistics and distribution, industrial park development, large-format retail, mixed-use concepts, and data center or medical campus planning. It also offers a strong profile for developers and investors seeking a strategic, large-acreage land position for future growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.2031623
    Latitude
    33.1371497

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    FAQs

    What type of property is this?
    Commercial land - Large contiguous tract with dual access and significant US Highway 380 frontage, offering flexibility for industrial and mixed-use projects.
    Where is this commercial land located?
    The property is located at 281 Acres HIGHWAY 380 Greenville, TX.
    What is the asking price?
    The asking price for this property is $22,242,450.
    What are key features of this property?
    This property features: 281.55 acres of commercial land for sale on US Highway 380 in Greenville, Texas, with 3,000+ linear feet of direct highway frontage; Dual road access with entry from US Highway 380 and County Road 2148 for multi‑directional development; Unzoned Hunt County land status, offering development flexibility with no municipal entitlement process reported
    (469) 252-1252
    We can help!
    Listing Contact
    Zee Star
    Real Estate License ID: 0767253
    Learn More
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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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