Flex Space with Covered
For Sale
$699,900
9920 Wesley St, Greenville, TX 75402
Versatile commercial building with office space, paved parking, gated access, and covered exterior work or storage area.
Property Size2,800 SF
Lot Size1.45 Acres
Price / SF$249.96
Days on Market51
Property Features for 9920 Wesley St
General Information
Standard status
Active
Size
2,800 SF
Lot size
1.45 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Building Details
Year Built
1987
Buildings
1
Building Size
2,800 SF
Listing Agency:
Century 21 First Group
Listed By:
Holly Gray · License #0457861
(903) 885-3146
Source:
Heritance
Added: Aug 26
Changed: Sep 15
Last Checked: Oct 7 at 5:43PM
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 Century 21 First Group
Investment Insights
Based on property information with market context.
This flex property includes a 2,800-square-foot commercial building with office space and an approximately 1,400-square-foot covered overhang. The site previously operated as a window tint shop and includes a parking lot, additional concrete areas, partial fencing, and a gated driveway entrance. These improvements support a range of commercial configurations, including automotive service, retail, warehouse, light industrial, and contractor operations as described for the property.
Set on approximately 1.45 acres along Highway 34 South, the property provides road frontage and access for customers and deliveries. Utility service consists of city water, electricity, and a septic system. The building was constructed in 1987, with substantial exterior area available for vehicle parking, equipment storage, trailers, inventory, or other covered operations.
Set on approximately 1.45 acres along Highway 34 South, the property provides road frontage and access for customers and deliveries. Utility service consists of city water, electricity, and a septic system. The building was constructed in 1987, with substantial exterior area available for vehicle parking, equipment storage, trailers, inventory, or other covered operations.
Key Highlights
- Approximately 1.45 acres along Highway 34 South
- 2,800‑square‑foot commercial building with office space
- Approximately 1,400‑square‑foot covered overhang
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,053
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,060
$901.1K
Cap Rate 7%
$643,614
$643.6K
Cap Rate 9%
$500,589
$500.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$67.5K $24.12/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$64.4K $22.99/SF
− OpEx
−$19.3K −$6.90/SF
NOI
$45.1K $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 Rate 5%
$901,060
Cap Rate 7%
$643,614
Cap Rate 9%
$500,589
Alternative Uses
Best Use
Industrial
$2.78M
$2.43M – $3.25M
NOI $194,758 @ 7.0% cap · market cap 27.83%
Second Best
Retail
$643.6K
$563.2K – $750.9K
NOI $45,053 @ 7.0% cap · market cap 6.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office space, paved parking, gated access, and covered exterior work or storage area.
Where is this flex space located?
The property is located at 9920 Wesley St Greenville, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 1.45 acres along Highway 34 South; 2,800‑square‑foot commercial building with office space; Approximately 1,400‑square‑foot covered overhang
