Versatile Flex Space on
For Sale
$399,999
5108 Lee St, Greenville, TX 75401
4,572 SF flex space on 2.99 acres near Highway 69.
Property Size4,572 SF
Lot Size2.99 Acres
Price / SF$87.49
Days on Market211
Property Features for 5108 Lee St
General Information
Standard status
Active
Size
4,572 SF
Lot size
2.99 Acres
Building Details
Year Built
1999
Listing Agency:
M&D CRE, LLC
Listed By:
Shane Hendrix · License #0776260
(214) 460-8926
Source:
Heritance
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 7 at 1:06PM
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 M&D CRE, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,572 square-foot flex space is located near Highway 69 in Greenville, Texas. The property is situated on 2.99 acres and is zoned for light industrial use. It features retail/flex space and the availability for outside storage, making it suitable for businesses seeking a showroom/office area combined with outside storage. The property includes ample paved parking, prominent signage, and convenient accessibility to Highway 69 and Highway 380. The site is ideal for most businesses.
Key Highlights
- Strategic location near Highway 69 and Highway 380 provides convenient accessibility.
- 4,572 square‑foot flex space suitable for retail/flex use.**
- 2.99‑acre lot allows for outside storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,522
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,440
$670.4K
Cap Rate 7%
$478,886
$478.9K
Cap Rate 9%
$372,467
$372.5K
Market Conditions
NOI Build-Up for 4,572 SF
Gross rent
$54.9K $12.00/SF
− Vacancy
−$3.3K −$0.72/SF
EGI
$51.6K $11.28/SF
− OpEx
−$18.1K −$3.95/SF
NOI
$33.5K $7.33/SF
Area
Hunt County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,440
Cap Rate 7%
$478,886
Cap Rate 9%
$372,467
Alternative Uses
Best Use
Industrial
$4.54M
$3.98M – $5.30M
NOI $318,011 @ 7.0% cap · market cap 79.50%
Second Best
Flex RnD
$478.9K
$419.0K – $558.7K
NOI $33,522 @ 7.0% cap · market cap 8.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 4,572 SF flex space on 2.99 acres near Highway 69.
Where is this flex space located?
The property is located at 5108 Lee St Greenville, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Strategic location near Highway 69 and Highway 380 provides convenient accessibility.; 4,572 square‑foot flex space suitable for retail/flex use.**; 2.99‑acre lot allows for outside storage.
