Updated Medical Office
For Sale
$419,500
4527 Stonewall Street, Greenville, TX 75401
Recently refreshed property with a new roof, repaved parking area, and upgraded interior and exterior finishes.
Property Size2,620 SF
Price / SF$160.11
Days on Market37
Property Features for 4527 Stonewall Street
General Information
Standard status
Active
Size
2,620 SF
Property subtype
Commercial
Zoning
Medical and Office Space
Building Details
Building Size
2,620 SF
Year Built
1970
Units
1
Listing Agency:
Regal, REALTORS
(903) 456-2393
Listed By:
Haley Clark · License #0733805
(903) 456-2393
Source:
Vickiesteam
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 30 at 5:42PM
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 Regal, REALTORS
Investment Insights
Based on property information with market context.
This 2,620-square-foot medical office property at 4527 Stonewall St includes a building originally completed in 1970. The space previously operated as a medical office and veterinary hospital, with a layout that can support professional, medical, retail, or service-oriented occupancy. Recent work includes fresh paint inside and out, a new roof, and a newly asphalted parking lot.
Additional improvements include steel exterior doors with security strikes, updated framing and trim, new locks and handsets, and refreshed interior lighting. The property is located in Greenville, TX 75401 and offers an updated physical package for a range of commercial users.
Additional improvements include steel exterior doors with security strikes, updated framing and trim, new locks and handsets, and refreshed interior lighting. The property is located in Greenville, TX 75401 and offers an updated physical package for a range of commercial users.
Key Highlights
- 2,620‑square‑foot medical office property
- Previously operated as a medical office and veterinary hospital
- Fresh interior and exterior paint completed
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
$36,432
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
8.68%
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%
$728,640
$728.6K
Cap Rate 7%
$520,457
$520.5K
Cap Rate 9%
$404,800
$404.8K
Market Conditions
NOI Build-Up for 2,620 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
$68.2K $26.04/SF
− Vacancy
−$7.5K −$2.86/SF
EGI
$60.7K $23.18/SF
− OpEx
−$24.3K −$9.27/SF
NOI
$36.4K $13.91/SF
Area
Hunt County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$728,640
Cap Rate 7%
$520,457
Cap Rate 9%
$404,800
Alternative Uses
Best Use
Healthcare Medical
$520.5K
$455.4K – $607.2K
NOI $36,432 @ 7.0% cap · market cap 8.68%
Second Best
Office B
$474.7K
$415.3K – $553.8K
NOI $33,227 @ 7.0% cap · market cap 7.92%
Theoretical Best
Industrial
$2.60M
$2.28M – $3.04M
NOI $182,237 @ 7.0% cap · market cap 43.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
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?
Medical Office Space - Recently refreshed property with a new roof, repaved parking area, and upgraded interior and exterior finishes.
Where is this medical office space located?
The property is located at 4527 Stonewall Street Greenville, TX.
What is the asking price?
The asking price for this property is $419,500.
What are key features of this property?
This property features: 2,620‑square‑foot medical office property; Previously operated as a medical office and veterinary hospital; Fresh interior and exterior paint completed
