Brick Office Building with
For Sale
$280,250
3503 Stonewall Street, Greenville, TX 75401
SINGLE_FAMILY - Greenville, TX
Property Size1,722 SF
Lot Size0.80 Acres
Price / SF$162.75
Days on Market96
Property Features for 3503 Stonewall Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Verify with City of Greenville
Subdivision
Orig Town Of Greenville
Lot features
Back Yard, Corner Lot, Lawn, Few Trees
Directions
From Highway 69, go North on Wesley aka Highway 34. Turn Right on O'Neal St. Turn Left on Johnson St. Turn Left on Jones St. Property Located on Left. SIY.
Standard status
Active
APN
70842
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
S4385 ORIG TOWN OF GREENVILLE BLK 65 LOT 1 AC
Tax Annual Amount
3878
Legal Description
S4385 ORIG TOWN OF GREENVILLE BLK 65 LOT 1 AC
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
full kitchen
storage shed
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Wood, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
3D Real Estate Team - RE/MAX F · RE/MAX International
(903) 455-1727
Listed By:
Dennisha Denney · License #0463283
(903) 456-4969
Added: May 12
Changed: Aug 3
Last Checked: Aug 15 at 3:06AM
MLS# 21266745
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.
3503 Stonewall Street in Greenville, TX is a brick office building on a 0.803-acre lot offering 1,722 square feet of versatile interior space. The layout is designed for flexibility, with multiple rooms that can be configured for open work areas and private offices. Plumbing and electrical are already in place to support a range of office or service uses, including a full kitchen.
The property features a welcoming front yard with mature trees and a spacious backyard with additional greenspace and a storage shed. Ample on-site parking is available, with the number of spaces noted as negotiable depending on end-user needs. The building is positioned just minutes from downtown and off a major thoroughfare for high visibility and steady drive-by traffic.
Built in 1975, the building includes wood and carpet flooring and a composition roof. Heating includes central and electric options, and cooling includes central air with electric equipment and ceiling fans, with public water and public sewer serving the property.
The property features a welcoming front yard with mature trees and a spacious backyard with additional greenspace and a storage shed. Ample on-site parking is available, with the number of spaces noted as negotiable depending on end-user needs. The building is positioned just minutes from downtown and off a major thoroughfare for high visibility and steady drive-by traffic.
Built in 1975, the building includes wood and carpet flooring and a composition roof. Heating includes central and electric options, and cooling includes central air with electric equipment and ceiling fans, with public water and public sewer serving the property.
Key Highlights
- 1,722 SF flexible office building with multiple rooms for open areas and private offices
- 0.803‑acre lot with front yard and backyard greenspace plus a storage shed
- Brick building built in 1975 with composition roof and wood and carpet flooring
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
Office B
$312.0K
$273.0K – $364.0K
NOI $21,838 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
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
705
Businesses Nearby
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?
Office units - Brick office building with a full kitchen, central electric HVAC, and public water and sewer on a flexible layout.
Where is this office units located?
The property is located at 3503 Stonewall Street 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 flexible office building with multiple rooms for open areas and private offices; 0.803‑acre lot with front yard and backyard greenspace plus a storage shed; Brick building built in 1975 with composition roof and wood and carpet flooring
