Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    00 Greenville Ave Allen, TX 75002
    Back to Search
    Property profile & analytics

    00 Greenville Ave Allen, TX 75002

    View on Map
    • Retail properties & Spaces
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 00 Greenville Ave

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional 3-acre development site presents a rare opportunity in Allen, Texas. Situated at the hard corner of Greenville Avenue (Highway 5) and Chaparral Road, this property serves as the primary gateway into the city. Uniquely positioned as the only buildable corner, it benefits from substantial frontage on a six-lane divided highway in both directions, ensuring high visibility and accessibility. A lighted intersection further enhances visibility and safety. The site is zoned for local retail use, making it ideal for a shopping center, gas station, or quick-service restaurant (QSR). Surrounding the property are City of Plano and City of Allen parklands and Allen ISD property, providing a desirable and stable neighborhood context. Strong traffic counts and robust demographics underscore the significant potential for this development. The property's location offers unparalleled visibility and accessibility, making it an exceptional investment opportunity for developers seeking a high-impact retail location in a thriving Texas market. The lot size falls within the 1-8 acre range, offering flexibility for various development plans. This is a truly unique opportunity to establish a landmark retail presence in Allen, TX.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.672
    Latitude
    33.0865

    Comparable in this City

    • Value Estimation by Request
      37,500 SF

      5959 Lindsey Ln

      Self storage facilities • 37,500 SF
      5959 Lindsey Ln, Parker, TX 75002
      View Details
    • Value Estimation by Request
      836,022 SF

      Seq Stacy Rd

      Retail properties & Spaces • 836,022 SF
      0 Seq Stacy Rd, Allen, TX 75002
      View Details
    • Value Estimation by Request
      17,801 SF

      1546 Stacy Rd

      Restaurants • 17,801 SF
      1546 Stacy Rd, Allen, TX 75002
      View Details
    • Value Estimation by Request
      98,906 SF

      1208-1212 Bethany Dr

      Neighborhood centers • 98,906 SF
      1208-1212 Bethany Dr, Allen, TX 75002
      View Details
    • Value Estimation by Request
      66,777 SF

      Nec Of Angel Pkwy & Exchange Pkwy

      Restaurants • 66,777 SF
      0 Nec Of Angel Pkwy & Exchange Pkwy, Allen, TX 75002
      View Details
    • Value Estimation by Request
      9.07 Acres

      505 Greenville Ave

      Farms • 9.07 Acres
      505 Greenville Ave, Allen, TX 75002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,500 SF

      Southfork Sports Complex For Sale

      37,500 SF sports complex available in Parker, Texas.
      5959 Lindsey Ln, Parker, TX 75002
      View Details
    • $2,895,000
      1.10 Acres

      Lucas TX Retail Development Site

      Proposed retail and commercial development site in Lucas, Texas.
      0000 Mcgarity Ln, Allen, TX 75002
      View Details
    • Contact for pricing
      66,777 SF

      Allen Retail Center: Prime Location

      Restaurant Space & Land Available
      0 Nec Of Angel Pkwy & Exchange Pkwy, Allen, TX 75002
      View Details
    • Contact for pricing
      36,692 SF

      Retail and Office Space Available

      36,692 SqFt retail and office space for sale.
      1022 S Greenville Ave, Allen, TX 75002
      View Details
    • $395,000
      1.45 Acres

      Lucas, TX Unimproved Land Parcel

      Expansive land parcel in Lucas, TX with development potential.
      0000 Stonegate, Lucas, TX 75002
      View Details
    • Contact for pricing

      Land For Sale Allen, TX

      Land available for sale at 1605 E Main St, Allen, TX.
      1605 E Main St, Allen, TX 75002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      190 E Stacy Rd, Allen, TX 75002
      View Details
    • $15,000 /Mo
      10,000 SF

      Proposed Retail Space in Allen

      Proposed retail and commercial space available for lease in Allen.
      0000 Mcgarity Ln, Allen, TX 75002
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Retail space with high visibility near major thoroughfares.
      1836 E Bethany Dr, Allen, TX 75002
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Growth Area

      Former nail salon in a high-growth sub-market.
      740 S Greenville Ave, Allen, TX 75002
      View Details
    • Contact for pricing
      12,738 SF

      Freestanding Retail Opportunity in Allen

      Former CVS ideal for serving a strong trade area.
      520 E Main St, Allen, TX 75002
      View Details
    • Contact for pricing

      Retail Space Near Allen School

      Retail space for rent near Allen High School.
      1201 E Main St, Allen, TX 75002
      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.
    00 Greenville Ave
    Allen, TX 75002
    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
    00 Greenville Ave, Allen, TX, 75002
    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!