Highway 69 Flex
5108 Lee Street Greenville, TX 75401
For Sale
$399,999
4,572 SF flex space near Highway 69.
Property Size4,572 SF
Lot Size2.99 Acres
Price / SF$87.49
Days on Market69
Property Features for 5108 Lee Street
General Information
- Standard status
- Active
- Size
- 4,572 SF
- Lot size
- 2.99 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1999
Listing Agency:
M&D CRE, LLC
(214) 460-8926
Listed By:
Shane Hendrix · License #0776260
(214) 460-8926
Source:
Signaturere
Added: May 18
Changed: Jul 10
Last Checked: Jul 25 at 3:37PM
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
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, situated on 2.99 acres, offers retail-flex space and the potential for outside storage. Zoned for light industrial use, the site is suitable for businesses seeking a showroom-office area combined with outside storage. The property features paved parking, prominent signage, and accessibility to Highway 69 and Highway 380. The property has diverse utilization possibilities.
Key Highlights
- Strategically located near Highway 69 and Highway 380 for convenient accessibility.
- 4,572 square‑foot flex space suitable for retail or office use.
- Zoned for light industrial use, accommodating diverse business needs.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.9k | $12.00 |
| − Vacancy | −$3.3k | −$0.72 |
| EGI | $51.6k | $11.28 |
| − OpEx | −$18.1k | −$3.95 |
| NOI | $33.5k | $7.33 |
4,572 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$4.54M
$3.98M – $5.30M
NOI $318,011 @ 7.0% cap · market cap 79.50%
Second Best
Retail
$1.05M
$919.6K – $1.23M
NOI $73,566 @ 7.0% cap · market cap 18.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 4,572 SF flex space near Highway 69.
Where is this flex space located?
The property is located at 5108 Lee Street 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: Strategically located near Highway 69 and Highway 380 for convenient accessibility.; 4,572 square‑foot flex space suitable for retail or office use.; Zoned for light industrial use, accommodating diverse business needs.
