Freestanding Office
For Sale
$599,000
2814 Terrell Road, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size2,737 SF
Lot Size0.44 Acres
Price / SF$218.85
Days on Market96
Property Features for 2814 Terrell Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Subdivision
Greenville
Directions
Please use GPS
Standard status
Active
APN
45031
Lot size
0.44 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Concrete, Tile
Building materials
Brick
Roof type
Metal
Buildings
1
Listing Agency:
KARE Investment Sales & Leasing
Listed By:
Karan Aulakh , CCIM · License #TX 731346
(469) 471-6413
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 2 at 5:06PM
MLS# 21343766
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 freestanding office building occupies approximately 0.437 acres at 2814 Terrell Road in Greenville. Built in 1985, the property features brick construction, a metal roof, vinyl, tile, and concrete flooring, along with central electric heating and cooling. Public water and sewer serve the site, which also includes on-site parking.
The property is positioned along a commercial corridor and is offered with a proposed sale-leaseback structure. The seller will enter into a five-year NN lease at closing, with 2% annual rent escalations and two additional five-year renewal options. The stated going-in cap rate is 6.85%.
The property is positioned along a commercial corridor and is offered with a proposed sale-leaseback structure. The seller will enter into a five-year NN lease at closing, with 2% annual rent escalations and two additional five-year renewal options. The stated going-in cap rate is 6.85%.
Key Highlights
- Approximately 0.437 acres at 2814 Terrell Road, Greenville, TX 75402
- Proposed five‑year NN lease at closing with 2% annual rent escalations
- Two additional five‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,710
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,200
$694.2K
Cap Rate 7%
$495,857
$495.9K
Cap Rate 9%
$385,667
$385.7K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$60.1K $21.96/SF
− Vacancy
−$13.8K −$5.05/SF
EGI
$46.3K $16.91/SF
− OpEx
−$11.6K −$4.23/SF
NOI
$34.7K $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%
$694,200
Cap Rate 7%
$495,857
Cap Rate 9%
$385,667
Alternative Uses
Best Use
Office B
$495.9K
$433.9K – $578.5K
NOI $34,710 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.72M
$2.38M – $3.17M
NOI $190,376 @ 7.0% cap · market cap 31.78%
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with on-site parking and a proposed five-year NN lease.
Where is this office building located?
The property is located at 2814 Terrell Road Greenville, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 0.437 acres at 2814 Terrell Road, Greenville, TX 75402; Proposed five‑year NN lease at closing with 2% annual rent escalations; Two additional five‑year renewal options
