Medical Office
4006 Wellington Street, Greenville, TX 75401
For Sale
Contact for pricing
Individual HVAC systems and accessible entry support the building’s professional suite configuration.
Property Size12,110 SF
Price / SF$140.38
Days on Market37
Property Features for 4006 Wellington Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Office Units
Tenant in Place
Property Use
Amenities
handicap accessibility
individual HVAC
Building Details
Year Built
Year Renovated
Buildings
Stories
Building Size
Construction
Listing Agency:
Waypoint Real Estate Development & Advisors
Listed By:
Derek Anthony · License TX #677154
(817) 991-5072
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 10 at 8:41AM
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 Waypoint Real Estate Development & Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding, single-story brick office property contains 12,110 SF arranged across 5 units. The building was built in 2006 and renovated in 2026, with individual HVAC serving each suite and handicap accessibility. Zoning is designated for Office and Medical uses.
The property is currently 31% occupied and has paved surface parking with 60 spaces.
The property is currently 31% occupied and has paved surface parking with 60 spaces.
Key Highlights
- 12,110 SF freestanding office building
- 5 units; currently 31% occupied
- Built in 2006 and renovated in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,578
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,560
$3.1M
Cap Rate 7%
$2,193,971
$2.2M
Cap Rate 9%
$1,706,422
$1.7M
Market Conditions
NOI Build-Up for 12,110 SF
Gross rent
$265.9K $21.96/SF
− Vacancy
−$61.2K −$5.05/SF
EGI
$204.8K $16.91/SF
− OpEx
−$51.2K −$4.23/SF
NOI
$153.6K $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%
$3,071,560
Cap Rate 7%
$2,193,971
Cap Rate 9%
$1,706,422
Alternative Uses
Best Use
Healthcare Medical
$2.41M
$2.10M – $2.81M
NOI $168,394 @ 7.0% cap · market cap 9.91%
Second Best
Office B
$2.19M
$1.92M – $2.56M
NOI $153,578 @ 7.0% cap · market cap 9.03%
Theoretical Best
Multifamily LT 5
$3.04M
$2.66M – $3.55M
NOI $212,936 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Office units
31%
Occupancy
Location Intelligence
Trade Area within ½ mile
641
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
$163,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Greenville, TX
Properties on Market for Office buildings in Greenville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Individual HVAC systems and accessible entry support the building’s professional suite configuration.
Where is this office building located?
The property is located at 4006 Wellington Street Greenville, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12,110 SF freestanding office building; 5 units; currently 31% occupied; Built in 2006 and renovated in 2026
