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    Secure Truck Parking Yard Title is generated by Realmo AI

    3251 Fm-118, Greenville, TX 75401

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    Claim this Listing
    For Lease
    $5,100 /Mo

    COMMERCIAL - Greenville, TX

    Lot size:
    20.18 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 3251 Fm-118

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot, Secured, Gated
    Standard status
    Active
    APN
    229352
    Lot size
    20.18 Acres

    Taxes and HOA fees

    Tax Description
    A0710 MCGAUGHEY J A, TRACT 6-3, ACRES 20.18

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Mandeep Singh

    Listing agent Mandeep Singh License #0715477

    Listing office True Texan Realty McKinney, TX

    Listing date Mar 9, 2026

    MLS# 21082319

    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

    • 87,120+ SF (2‑4 acres) fully fenced and gated secure yard in Greenville, TX
    • Up to 52 full‑size truck‑trailer parking spots, approx. 75' x 12' each
    • 24‑7 gated access with security cameras and night lighting
    • Parking lot includes options for truck, trailer, RV, and boat storage
    • Designed for easy maneuvering of large commercial vehicles and equipment
    • Available for lease

    Overview

    This property is a secure outdoor truck parking yard built for fleet storage and commercial vehicle use. It offers up to 52 full-size truck-trailer parking spots, designed for easy maneuvering and day-to-day convenience. The yard is fully fenced and gated, with 24-7 access, security cameras, and night lighting to support safer on-site storage. Suitable for trucks and trailers, as well as RV and boat storage or other commercial vehicle and equipment parking needs.

    The yard is located in Greenville, Texas at 3251 FM-118, Hunt County, with convenient access for operators who require regular arrival and departure. The facility’s layout is intended to maximize practical use of the secured outdoor space for active fleets and equipment staging.

    Available for lease, this yard is a strong fit for trucking companies needing a dedicated parking solution, contractors looking to stage equipment, and storage-focused operators serving RV and boat owners. If your operation benefits from controlled access, lighting, and video-monitored security while keeping vehicles ready to dispatch, this secured parking yard is built to accommodate it.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thind farm Feed Store

    Suggested Use

    Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Storage Facility Discount Store Car Rental Facility Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.06933
    Latitude
    33.169473

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    FAQs

    What type of property is this?
    Truck terminal - Fully fenced, gated yard with night lighting and security for fleet and recreational vehicle parking.
    Where is this truck terminal located?
    The property is located at 3251 Fm-118 Greenville, TX.
    What is the lease rate?
    The lease rate is $5,100 /Mo.
    What are key features of this property?
    This property features: 87,120+ SF (2‑4 acres) fully fenced and gated secure yard in Greenville, TX; Up to 52 full‑size truck‑trailer parking spots, approx. 75' x 12' each; 24‑7 gated access with security cameras and night lighting
    (972) 363-3700
    We can help!
    Listing Contact
    Mandeep Singh
    Real Estate License ID: 0715477
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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.

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