Flex Space with Climate-Controlled
New
For Sale
$475,000
2815 Kari Lane, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$197.92
Days on Market1
Property Features for 2815 Kari Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Greenville Hills Add # 11
Directions
Google maps and Waze go directly to door.
Standard status
Active
APN
45338
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
S3142 GREENVILLE HILLS SEC 11 BLK 1 LOT 2 ACR
Tax Annual Amount
3711
Legal Description
S3142 GREENVILLE HILLS SEC 11 BLK 1 LOT 2 ACR
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
AT Home Texas Real Estate
(903) 454-2824
Listed By:
Kathleen Hunnicutt · License #0604197
(903) 455-6614
Added: Oct 14
Last Checked: Oct 14 at 6:06PM
MLS# 21411785
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 2,400-square-foot flex property is divided into two 1,200-square-foot areas: one climate-controlled and one configured for flexible storage or operational use. Tile, carpet, and concrete flooring are present, with central heating and central air. The building was constructed in 1965 and has metal siding and a metal roof. Public water and public sewer serve the property, which occupies a 0.211-acre lot.
The property is located directly across from an established shopping destination. Its mix of conditioned and storage space provides distinct areas for customer-facing or administrative functions and back-of-house activity.
The property is located directly across from an established shopping destination. Its mix of conditioned and storage space provides distinct areas for customer-facing or administrative functions and back-of-house activity.
Key Highlights
- 2,400‑square‑foot building on a 0.211‑acre lot
- Two 1,200‑square‑foot areas, including climate‑controlled space and flexible storage area
- Central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,597
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,940
$351.9K
Cap Rate 7%
$251,386
$251.4K
Cap Rate 9%
$195,522
$195.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$28.8K $12.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$27.1K $11.28/SF
− OpEx
−$9.5K −$3.95/SF
NOI
$17.6K $7.33/SF
Area
Hunt County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,940
Cap Rate 7%
$251,386
Cap Rate 9%
$195,522
Alternative Uses
Best Use
Industrial
$2.38M
$2.09M – $2.78M
NOI $166,935 @ 7.0% cap · market cap 35.14%
Second Best
Flex RnD
$251.4K
$220.0K – $293.3K
NOI $17,597 @ 7.0% cap · market cap 3.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Firehouse Subs I-30 & Wesley — 3110 I-30 Frontage Rd #103, Greenville, TX 75402
Frequently Asked Questions
What type of property is this?
Flex space - The building combines conditioned space with a separate area for storage and back-of-house operations.
Where is this flex space located?
The property is located at 2815 Kari Lane Greenville, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,400‑square‑foot building on a 0.211‑acre lot; Two 1,200‑square‑foot areas, including climate‑controlled space and flexible storage area; Central heating and central air
