Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I30 & Monty Stratton Blvd Greenville, TX 75402
    Back to Search
    Property profile & analytics

    I30 & Monty Stratton Blvd, Greenville, TX 75402

    View on Map
    • Retail properties & Spaces
    • 1,000 SF
    • 16.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for I30 & Monty Stratton Blvd

    Lot size
    16.37 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 16.37-acre development opportunity in Greenville, Texas, presents a unique chance to capitalize on a prime location. Situated at the intersection of I-30 and Monty Stratton Boulevard, this property boasts unparalleled visibility and accessibility. The site offers a flexible square footage range from 1,000 to 4,356,000 square feet, catering to a variety of retail development plans. With 891 parking spaces, ample customer parking is ensured. The location benefits from convenient access via eastbound and westbound exit ramps on Monty Stratton Boulevard and Sayle Street, as well as easy visibility from FM 34. This site is strategically positioned within the Dallas/Fort Worth television viewing market and enjoys close proximity to Rockwall, expanding its market reach. Further enhancing its appeal, this property is designated as an Opportunity Zone, offering significant tax advantages for investors. High-quality videos showcasing the site and its access are available online. This is an exceptional opportunity to develop a thriving retail center in a high-growth area. The property is located in Hunt County, Texas, zip code 75402.

    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
    -96.1253
    Latitude
    33.0916

    Comparable in this City

    • Value Estimation by Request

      Traders Rd

      Retail properties & Spaces
      0 Traders Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      16.37 Acres

      Kari Ln

      Land
      0 Kari Ln, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      5,200 SF

      6605 Frontage Rd

      Restaurants
      6605 Frontage Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      75,000 SF

      5035 Wesley St

      Retail properties & Spaces
      5035 Wesley St, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      2,400 SF

      7105 I-30

      Restaurants
      7105 I-30, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      38,000 SF

      I-30 Monty Straton Pkwy Hwy

      Restaurants
      I-30 Monty Straton Pkwy Hwy, Greenville, TX 75402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,354 SF

      Panera Bread Ground Lease Opportunity

      NNN ground lease with established national tenant, Panera Bread.
      3208 Interstate Highway 30, Greenville, TX 75402
      View Details
    • $1,500,000
      14,000 SF

      Greenville Retail & Shop Space

      7.4 Acres, Highway Frontage, Multiple Uses
      2244 State Highway 69, Greenville, TX 75402
      View Details
    • Contact for pricing
      5,796 SF

      Greenville Retail Property For Sale

      Retail property with long-term lease and zero landlord responsibility.
      3110 Interstate Highway 30, Greenville, TX 75402
      View Details
    • $279,900
      11.67 Acres

      Greenville Land Tract For Sale

      11.67 acre wooded lot in Greenville, Texas.
      Na County Rd 3306, Greenville, TX 75402
      View Details
    • Contact for pricing

      Land Near DFW Metroplex

      Land less than an hour from the DFW metroplex.
      6511 Frontage Rd, Greenville, TX 75402
      View Details
    • $649,000
      17.86 Acres

      Caddo Mills Land Opportunity

      17.86 acres ready for your vision near I-30.
      1098 County Rd 2114, Caddo Mills, TX 75402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Restaurant/Bar Space with Highway Visibility

      Equipped restaurant/bar with parking and highway visibility near L3Harris.
      5200 Interstate 30, Greenville, TX 75402
      View Details
    • Contact for pricing

      Commercial Acres Near Walmart

      2.05 acres near Walmart, suitable for various commercial uses.
      2206 Traders Rd, Greenville, TX 75402
      View Details
    • $5,000 /Mo
      87,120 SF

      Greenville Shop Facility For Rent

      Versatile shop facility suitable for various business types.
      1969 Interstate Highway 30 W, Greenville, TX 75402
      View Details
    • Contact for pricing
      4,198 SF

      Retail Space on Wesley Street

      Retail space with high visibility and comprehensive amenities.
      8806 Wesley St, Greenville, TX 75402
      View Details
    • Contact for pricing

      Retail Space in Greenville, TX

      Retail space available for lease in Greenville, Texas.
      5101 Wesley St, Greenville, TX 75402
      View Details
    • New
      $2,500 /Mo
      40,554 SF

      Greenville Retail/Automotive Business Space

      Versatile space suitable for various retail and automotive businesses.
      3970 State Highway 34 S, Greenville, TX 75402
      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.
    I30 & Monty Stratton Blvd
    Greenville, TX 75402
    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
    I30 & Monty Stratton Blvd, Greenville, TX, 75402
    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!