Retail Space with Flexible
New
For Sale
$280,250
3503 Stonewall Street, Greenville, TX 75401
Multiple rooms, a full kitchen, and existing plumbing and electrical support varied commercial layouts.
Property Size1,722 SF
Lot Size0.80 Acres
Price / SF$162.75
Days on Market2
Property Features for 3503 Stonewall Street
General Information
Standard status
Active
Size
1,722 SF
Lot size
0.80 Acres
Property subtype
Commercial
Zoning
Verify with City of Greenville
Additional Details
Utilities to Site
Yes
Amenities
ample parking
large front yard
spacious backyard
storage shed
full kitchen
Building Details
Building Size
1,722 SF
Year Built
1975
Stories
1
Units
1
Listing Agency:
RE/MAX Four Corners - Greenville
(903) 456-4969
Listed By:
Dennisha Denney · License #0463283
(903) 456-4969
Source:
1111brokerage
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:50AM
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 retail property includes 1,722 square feet within a 0.803-acre site. The building contains several rooms that can be arranged as open work areas, private offices, or other commercial interiors. A full kitchen is already in place, along with existing plumbing and electrical systems. Exterior improvements include front and rear greenspace, mature trees, a storage shed, and parking surrounding the building.
The property is located at 3503 Stonewall Street in Greenville, near downtown and positioned off a major thoroughfare. Shopping centers, restaurants, entertainment venues, and established businesses are located nearby. Built in 1975, the building offers a flexible footprint for retail, office, salon, restaurant, medical, or professional-service uses identified in the property information.
The property is located at 3503 Stonewall Street in Greenville, near downtown and positioned off a major thoroughfare. Shopping centers, restaurants, entertainment venues, and established businesses are located nearby. Built in 1975, the building offers a flexible footprint for retail, office, salon, restaurant, medical, or professional-service uses identified in the property information.
Key Highlights
- 1, 722 square feet on a 0.803‑acre lot
- Multiple interior rooms with adaptable layouts
- Full kitchen with existing plumbing and electrical
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
849
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?
Retail space - Multiple rooms, a full kitchen, and existing plumbing and electrical support varied commercial layouts.
Where is this retail space 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 square feet on a 0.803‑acre lot; Multiple interior rooms with adaptable layouts; Full kitchen with existing plumbing and electrical
