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    Expandable Industrial Warehouse Facility Title is generated by Realmo AI

    6120 Highway 66, Greenville, TX 75402

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    For Sale
    $3,293,000

    COMMERCIAL - Greenville, TX

    Property size:
    118,094 SF
    Lot size:
    5.24 Acres
    Price / SF:
    $27/SF
    Added:
    Aug 15, 2025
    Days on Market:
    295
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 6120 Highway 66

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    124049
    Lot size
    5.24 Acres

    Taxes and HOA fees

    Tax Description
    S2877 EQUIBRAND ADDITION BLK 1 LOT 1 ACRES 5.
    Tax Annual Amount
    38882

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Steven Mcpherson

    Listing agent Steven Mcpherson License ##767194

    Listing office SVN Trinity Advisors Fort Worth, TX

    Listing date Aug 15, 2025

    MLS# 21032115

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 41,684 SF facility expandable to 118,094 SF for future growth
    • 100% HVAC coverage with central heating and central air, plus metal roof
    • Robust electrical service for power‑intensive operations
    • Approved for outdoor storage with 3 grade‑level doors and 1 dock‑high door
    • Dual front and rear roadway frontage for access from both sides
    • Built in 1980; public water and public sewer; located in a federally designated Opportunity Zone with city economic incentives available

    Overview

    This industrial warehouse facility offers a high-functioning platform with the ability to expand from 41,684 SF to 118,094 SF. The building includes robust electrical service designed for heavy manufacturing and other power-intensive uses, along with 100% HVAC coverage for more controlled indoor conditions. Outdoor storage is approved, giving operators flexibility for materials and equipment staging. On the logistics side, the layout is served by three grade-level doors and one dock-high door, supported by dual front and rear roadway frontage for efficient inbound and outbound movement.

    The property is located at 6120 Highway 66 in Greenville, Texas. It sits within a federally designated Opportunity Zone and is eligible for economic incentives from the City of Greenville, which may support qualified business planning. In addition, an adjacent 4.118-acre parcel owned by the Greenville Economic Development Board is available, offering an opportunity for seamless expansion beyond the existing footprint.

    With its combination of expansion potential, outdoor storage approval, and power-ready electrical infrastructure, the building is well-positioned for industrial and manufacturing tenants looking for room to grow while maintaining functional site access. Buyers and operators evaluating scale can also consider the availability of the adjacent parcel to support future operating needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.146532
    Latitude
    33.124522

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    FAQs

    What type of property is this?
    Manufacturing property - Large industrial facility with robust electrical service, HVAC coverage, and outdoor storage approval for power-intensive operations.
    Where is this manufacturing property located?
    The property is located at 6120 Highway 66 Greenville, TX.
    What is the asking price?
    The asking price for this property is $3,293,000.
    What are key features of this property?
    This property features: 41,684 SF facility expandable to 118,094 SF for future growth; 100% HVAC coverage with central heating and central air, plus metal roof; Robust electrical service for power‑intensive operations
    (817) 288-5510
    We can help!
    Listing Contact
    Steven Mcpherson
    Real Estate License ID: #767194
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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