Storefront Property with Full
For Sale
$280,250
3503 Stonewall St, Greenville, TX 75401
Flexible commercial layout includes multiple rooms, existing plumbing and electrical, and parking for customer access.
Property Size1,722 SF
Price / SF$162.75
Days on Market15
Property Features for 3503 Stonewall St
General Information
Standard status
Active
Size
1,722 SF
Building Details
Year Built
1975
Listing Agency:
RE/MAX Four Corners - Greenville
(972) 396-9100
Listed By:
Dennisha Denney · License #0463283
Source:
Heritance
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 2:01PM
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 RE/MAX Four Corners - Greenville
Investment Insights
Based on property information with market context.
This 1,722-square-foot storefront property sits on a 0.803-acre lot and was built in 1975. The interior includes multiple rooms that can accommodate open work areas or private offices, along with existing plumbing and electrical systems. A full kitchen is also included. The property offers front and rear outdoor areas, mature trees, a backyard storage shed, and ample parking, with the final number of spaces negotiable based on end-user needs.
Located at 3503 Stonewall St in Greenville, the property is positioned off a major thoroughfare with visibility to drive-by traffic and is minutes from downtown. Shopping centers, restaurants, entertainment venues, and other established businesses are nearby, supporting a range of storefront and professional commercial uses.
Located at 3503 Stonewall St in Greenville, the property is positioned off a major thoroughfare with visibility to drive-by traffic and is minutes from downtown. Shopping centers, restaurants, entertainment venues, and other established businesses are nearby, supporting a range of storefront and professional commercial uses.
Key Highlights
- 1,722 SF storefront building on a 0.803‑acre lot
- Multiple interior rooms support open work areas or private offices
- Full kitchen with plumbing and electrical already in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,760
$436.8K
Cap Rate 7%
$311,971
$312.0K
Cap Rate 9%
$242,644
$242.6K
Market Conditions
NOI Build-Up for 1,722 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.8K $21.96/SF
− Vacancy
−$8.7K −$5.05/SF
EGI
$29.1K $16.91/SF
− OpEx
−$7.3K −$4.23/SF
NOI
$21.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,760
Cap Rate 7%
$311,971
Cap Rate 9%
$242,644
Alternative Uses
Best Use
Retail
$395.8K
$346.4K – $461.8K
NOI $27,708 @ 7.0% cap · market cap 9.89%
Second Best
Office B
$312.0K
$273.0K – $364.0K
NOI $21,838 @ 7.0% cap · market cap 7.79%
Theoretical Best
Industrial
$1.71M
$1.50M – $2.00M
NOI $119,776 @ 7.0% cap · market cap 42.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout includes multiple rooms, existing plumbing and electrical, and parking for customer access.
Where is this storefront property located?
The property is located at 3503 Stonewall St Greenville, TX.
What is the asking price?
The asking price for this property is $280,250.
What are key features of this property?
This property features: 1,722 SF storefront building on a 0.803‑acre lot; Multiple interior rooms support open work areas or private offices; Full kitchen with plumbing and electrical already in place
