Two-Story Office
For Sale
Contact for pricing
2815 WESLEY Street, Greenville, TX 75401
Updated interiors accommodate office, retail, or service-oriented operations.
Property Size1,988 SF
Price / SF$1.13
Days on Market12
Property Features for 2815 WESLEY Street
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Office, Retail, Service
Building Details
Year Built
1985
Buildings
1
Stories
2
Listing Agency:
Serve Management
(832) 702-9767
Listed By:
Vanessa Gamiz · License #0691820
(713) 577-9155
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serve Management
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Investment Insights
Based on property information with market context.
Built in 1985, this two-story commercial building has recently remodeled interiors and refreshed finishes. Its layout can separate workspace, client areas, or business operations across the two levels. The property is suited to office, retail, and service-oriented uses. Tenants are responsible for all utilities.
Key Highlights
- Recently remodeled two‑story building with refreshed interior finishes
- Constructed in 1985
- Tenants are responsible for all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,240
$504.2K
Cap Rate 7%
$360,171
$360.2K
Cap Rate 9%
$280,133
$280.1K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$43.7K $21.96/SF
− Vacancy
−$10.0K −$5.05/SF
EGI
$33.6K $16.91/SF
− OpEx
−$8.4K −$4.23/SF
NOI
$25.2K $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%
$504,240
Cap Rate 7%
$360,171
Cap Rate 9%
$280,133
Alternative Uses
Best Use
Office B
$360.2K
$315.2K – $420.2K
NOI $25,212 @ 7.0% cap · market cap 1,120.53%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.98M
$1.73M – $2.30M
NOI $138,278 @ 7.0% cap · market cap 6,145.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated interiors accommodate office, retail, or service-oriented operations.
Where is this office building located?
The property is located at 2815 WESLEY Street Greenville, TX.
What are key features of this property?
This property features: Recently remodeled two‑story building with refreshed interior finishes; Constructed in 1985; Tenants are responsible for all utilities
