Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Property with Large Parking Title is generated by Realmo AI

    805 S Greenville Ave, Allen, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Established retail property with a long community history and parking.

    Type:RETAIL
    Property size:
    6,261 SF
    Lot size:
    1.00 Acre
    Added:
    Nov 25, 2024
    Days on Market:
    543
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 805 S Greenville Ave

    General Information

    Standard status
    Active
    Size
    6,261 SF
    Lot size
    1.00 Acre
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Joshua Cohn
    Joshua Cohn

    Listing agent Joshua Cohn

    Listing office Venture Commercial Real Estate

    Listing date Nov 25, 2024

    Source Moodyscre

    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 Venture Commercial Real Estate

    HighLights

    • Established real estate and operating business with long community history.
    • Business continues to improve year after year.
    • All equipment included.
    • Large parking lot in the rear of the property for storage.
    • Financials available upon request.

    Overview

    This established retail property features a long community history. The business operating at the location continues to improve year after year. All equipment is included in the sale. A large parking lot is located at the rear of the property, suitable for storage. The property size is 6,261 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Davidson Car Care Auto Repair Shop Hailstone PDR Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.6712
    Latitude
    33.0861

    Nearby Similar for Sale

    • $420,000
      1,420 SF

      New Office in Allen, TX

      New 1420 SqFt office space in a desirable Allen location.
      1511 McDermott Drive, Allen, TX 75013
      View Details
    • $485,000

      Allen, Texas Luxury Garage

      Modern garage with high ceilings, mezzanine, and equipped kitchen.
      2137 Chelsea Boulevard, Allen, TX 75013
      View Details
    • $975,000

      Downtown Allen Building with Garage

      Rare opportunity to own a piece of local Allen history.
      112 W Main Street, Allen, TX 75013
      View Details
    • $1,300,000

      Turnkey Childcare Building in Allen, TX

      Updated childcare building with FF&E, renovated in 2023.
      548 E Bethany Drive, Allen, TX 75002
      View Details
    • $499,000

      Allen Warehouse Car Condo

      City permitted car condo near Highway 75 and Stacy.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $549,999

      Luxury Garage Condo with Upgrades

      Upgraded 1,000 SF garage condo with loft, gym, and sauna.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $2,100,000

      Office Property in Allen, Texas

      Office property for sale in Allen, Texas, Collin County.
      10 E Mcdermott Drive, Allen, TX 75002
      View Details
    • $1,671,650

      Allen, TX Retail Opportunity

      Retail property available for sale in Allen, Texas.
      610 S Watters Road, Allen, TX 75013
      View Details
    • Contact for pricing
      4,921 SF

      Retail/Office/Medical Space Available

      Versatile commercial space near Kroger, suitable for retail, office, or medical.
      1326 WEST MCDERMOTT DRIVE, Allen, TX 75013
      View Details
    • Contact for pricing
      11,313 SF

      Vacant Child Care Property

      Vacant child care property with playground on 1.59-acre lot.
      1216 E Bethany Dr, Allen, TX
      View Details
    • $975,000

      Downtown Allen Building with Garage

      Rare opportunity to own a piece of local history.
      112 W Main Street, Allen, TX 75013
      View Details
    • $5,613,000
      10,731 SF

      Allen Retail Asset For Sale

      10,731 SF retail property in Allen, Texas.
      1680 E Stacy Rd, Allen, TX 75002
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Established retail property with a long community history and parking.
    Where is this individual retail property located?
    The property is located at 805 S Greenville Ave Allen, TX.
    What are key features of this property?
    This property features: Established real estate and operating business with long community history.; Business continues to improve year after year.; All equipment included.
    (214) 378-1212 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Cohn
    Joshua Cohn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    805 S Greenville Ave , Allen, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!