Corner Flex Space with Loading
For Sale
$599,000
8916 Wesley Street, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size3,377 SF
Lot Size0.40 Acres
Price / SF$177.38
Days on Market41
Property Features for 8916 Wesley Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Security features
Security
Subdivision
South Forty Add Ph 11
Directions
From I-30 East, take I-30 Frontage Rd and FM 1570 E Turn right onto FM 1570 E Turn left onto Wesley St Turn left onto Sunset Strip. Turn right
Standard status
Active
APN
99259
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
S4977 SOUTH FORTY ADDN PHASE II BLK 2 LOT 6 A
Tax Annual Amount
7069
Legal Description
S4977 SOUTH FORTY ADDN PHASE II BLK 2 LOT 6 A
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Flooring type
Concrete, Laminate
Building materials
Brick, MetalSiding
Roof type
Flat
Listing Agency:
Bradford Elite Real Estate LLC
(903) 494-5034
Listed By:
Deya Chamberlain · License #0686613
(972) 689-9582
Added: Jul 14
Changed: Aug 21
Last Checked: Aug 23 at 5:06PM
MLS# 21321600
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.
Investment Insights
Based on property information with market context.
This 3,377-square-foot flex property combines an updated front area with functional warehouse improvements. The customer-facing portion includes an open showroom or office layout, a private office, laminate flooring, and modern finishes. Behind it, the warehouse provides a second private office, three oversized bay doors, a loading dock, and concrete flooring for storage, equipment, distribution, light manufacturing, or service activity.
The property occupies a 0.402-acre corner lot at 8916 Wesley Street in Greenville, with frontage along Wesley Street, also designated Hwy 34. Public water and public sewer serve the site. Built in 1988, the building has brick and metal siding, a flat roof, central heating, and central air conditioning with electric cooling.
The property occupies a 0.402-acre corner lot at 8916 Wesley Street in Greenville, with frontage along Wesley Street, also designated Hwy 34. Public water and public sewer serve the site. Built in 1988, the building has brick and metal siding, a flat roof, central heating, and central air conditioning with electric cooling.
Key Highlights
- 3,377 square feet of combined office, showroom, and warehouse space
- 0.402‑acre corner lot at 8916 Wesley Street, Greenville, TX 75402
- Three oversized bay doors and a loading dock
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
$54,337
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
9.07%
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%
$1,086,740
$1.1M
Cap Rate 7%
$776,243
$776.2K
Cap Rate 9%
$603,744
$603.7K
Market Conditions
NOI Build-Up for 3,377 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
$81.5K $24.12/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$77.6K $22.99/SF
− OpEx
−$23.3K −$6.90/SF
NOI
$54.3K $16.09/SF
Area
Hunt County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$1,086,740
Cap Rate 7%
$776,243
Cap Rate 9%
$603,744
Alternative Uses
Best Use
Industrial
$3.36M
$2.94M – $3.91M
NOI $234,892 @ 7.0% cap · market cap 39.21%
Second Best
Retail
$776.2K
$679.2K – $905.6K
NOI $54,337 @ 7.0% cap · market cap 9.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75402, TX
18,983
Population
8,024
Households
2.4
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
90.8 sq mi
ZIP Area
209
Density / Sq Mi
$77,602
Median Household Income
$46,076
Median Earnings
$1,414
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial facility combining customer-facing workspace with warehouse capacity and direct access from a prominent corner position.
Where is this flex space located?
The property is located at 8916 Wesley Street Greenville, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,377 square feet of combined office, showroom, and warehouse space; 0.402‑acre corner lot at 8916 Wesley Street, Greenville, TX 75402; Three oversized bay doors and a loading dock
