Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    380 Us Hwy Greenville, TX 75401

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    380 Us Hwy Greenville, TX 75401

    View on Map
    • Retail properties & Spaces
    • 800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 380 Us Hwy

    Year built
    2024
    Property size
    800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents two brand-new buildings totaling approximately 15,000 square feet of retail space, ideally suited for a restaurant. Located at 380 West US Highway in Decatur, Texas (within unincorporated Wise County, near Hunt County), this property offers significant potential for a thriving culinary business. The buildings were constructed in 2024 and are currently vacant, providing immediate occupancy for the buyer. The flexible space ranges from 800 to 50,000 square feet, allowing for customization to meet specific operational needs. The property's address is 380 West US Highway, Decatur, TX 75401. The anticipated occupancy date is December 12, 2024. This is a for-sale-by-owner listing, presenting a direct opportunity to acquire a prime location for a restaurant venture in a growing area. The property is classified as Retail, Office, and Industrial, offering versatility beyond restaurant use. The property is situated at latitude 33.1733486 and longitude -96.1739116. This is a rare chance to establish a presence in a desirable location with new, ready-to-occupy buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1739
    Latitude
    33.1733

    Comparable in this City

    • Value Estimation by Request

      2801 Albert St

      Individual retail properties
      2801 Albert St, Greenville, TX 75401
      View Details
    • Value Estimation
      $1,965,000
      508,379 SF

      5601 Joe Ramsey E Blvd

      INDUSTRIAL (GENERAL) • 508,379 SF
      5601 Joe Ramsey E Blvd, Greenville, TX 75401-7020
      View Details
    • Value Estimation by Request
      6.00 Acres

      5906 Lee St

      Self storage facilities • 6.00 Acres
      5906 Lee St, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      4,950 SF

      1912 Joe Ramsey Blvd

      Office properties & Spaces • 4,950 SF
      1912 Joe Ramsey Blvd, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      21,000 SF

      4581 Us-380

      Office properties & Spaces • 21,000 SF
      4581 Us-380, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      21,000 SF

      4581 Highway 380

      Industrial properties • 21,000 SF
      4581 Highway 380, Greenville, TX 75401
      View Details

    Similar Nearby for Sale

    • $2,100,000
      11,101 SF

      Greenville Retail Block - Huge Potential

      1.5 Acres, 11,101 SF, High Traffic
      4610 Wesley St, Greenville, TX 75401
      View Details
    • $599,900
      0.35 Acres

      Versatile Retail Property Near Downtown

      Multi-use commercial property with high potential in a growing area.
      2602 Jones St, Greenville, TX 75401
      View Details
    • $1,750,000
      10,800 SF

      Downtown Greenville Restaurant - Prime Location

      High-end restaurant, fully equipped, great downtown location.
      2501 Johnson St, Greenville, TX 75401
      View Details
    • $325,000
      Pending

      Historic Downtown Greenville Building

      Historic building near Hunt County Courthouse, suitable for various uses.
      2616 Pickett St, Greenville, TX 75401
      View Details
    • $620,000
      4,950 SF

      Greenville Office Building - Prime Location

      Fully remodeled, high-quality office space.
      1912 Joe Ramsey Blvd, Greenville, TX 75401
      View Details
    • $799,900
      20,000 SF

      Prime Greenville Office Space

      Downtown Greenville, 20,000 SF Office Building
      2615 Crockett St, Greenville, TX 75401
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      7,144 SF

      Downtown Greenville Retail/Hospitality Space

      Refreshed storefront near the Square, ideal for retail or hospitality.
      2308 Lee St, Greenville, TX 75401
      View Details
    • $3,800 /Mo
      7,144 SF

      Downtown Greenville Retail/Restaurant Opportunity

      Prime retail or restaurant space in revitalized downtown Greenville.
      2302 Lee St, Greenville, TX 75401
      View Details
    • Contact for pricing
      1,024 SF

      Downtown Greenville Retail/Hospitality Space

      Refreshed storefront in growing downtown Greenville, ideal for retail/hospitality.
      2308 Lee St, Greenville, TX 75401
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 4101 Wesley St, Greenville, TX.
      4101 Wesley St, Greenville, TX 75401
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Retail pad site for ground lease, adjacent to Wal-Mart.
      2801 Albert St, Greenville, TX 75401
      View Details
    • Contact for pricing
      4,572 SF

      Versatile Flex Space Near Highway

      4,572 SF flex space on 2.99 acres near Highway.
      5108 Lee St, Greenville, TX 75401
      View Details
    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.
    380 Us Hwy
    Greenville, TX 75401
    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

    380 Us Hwy, Greenville, TX, 75401

    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!