Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2378 Co Rd Greenville, TX 75402
    Back to Search
    Property profile & analytics

    2378 Co Rd Greenville, TX 75402

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2378 Co Rd

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 8.62-acre property in Greenville, Hunt County, Texas (zip code 75402), presents a unique investment opportunity. Located at 2378 Co Rd 3303, the land boasts a tranquil setting while offering convenient access to city amenities. The property includes a substantial 2,800 square foot fully framed structure, providing ample space for a variety of uses. Imagine transforming this structure into a spacious shop, workshop, or even a custom barndominium. The possibilities are vast. A key feature is the existing 3-phase power system, ideal for powering heavy machinery, data centers, or other commercial or industrial applications. This robust power supply adds significant value and versatility to the property. The building also features a 12 x 14 garage door for easy access and equipment storage. The acreage itself is nicely treed, offering privacy and a picturesque landscape. This property is perfect for those seeking a blend of rural tranquility and convenient city access, making it an exceptional investment in the desirable Greenville, Texas area. The asking price for this remarkable property is $450,000.

    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
    -96.0512
    Latitude
    33.0746

    Comparable in this City

    • Value Estimation by Request
      101.45 Acres

      3598 Lions Lair Rd

      Farms • 101.45 Acres
      3598 Lions Lair Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      16.00 Acres

      3306 Co Rd

      Farms • 16.00 Acres
      3306 Co Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      86.00 Acres

      2173 F.m. 1903 & County Rd

      Farms • 86.00 Acres
      2173 F.m. 1903 & County Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      21.00 Acres

      3648 Co Rd

      Farms • 21.00 Acres
      3648 Co Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      99.50 Acres

      I-30 Frontage Rd

      Farms • 99.50 Acres
      I-30 Frontage Rd, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      2.00 Acres

      1535 Co Rd

      Land • 2.00 Acres
      1535 Co Rd, Greenville, TX 75402
      View Details

    Similar Nearby for Sale

    • $779,000

      Equestrian Property Ready for Dream Home

      16-acre equestrian property with barn, workshop, ponds, and mobile home.
      278 County Road 2241, Greenville, TX 75402
      View Details
    • $749,500
      1,580 SF

      Greenville Ranch with Ag Exemption

      35-acre Greenville property with home, pasture, and agricultural potential.
      782 Fm 1564 E, Greenville, TX 75402
      View Details
    • $475,950
      17.90 Acres

      Undeveloped Land Near Greenville, TX

      17.9 acres of contiguous land parcels outside Greenville, TX.
      2165 County Road 3304, Greenville, TX 75402
      View Details
    • $995,000

      Land Parcel on Jack Finney

      Land parcel available on Jack Finney Boulevard in Greenville, TX.
      6100 Jack Finney Blvd, 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
    • $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

    Similar Nearby for Lease

    • 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
    • $1,500 /Mo
      89,298 SF

      Commercial Land Near Walmart

      2.05 acres near Walmart, suitable for various commercial uses.
      2206 Traders Rd, Greenville, TX 75402
      View Details
    • Contact for pricing

      Greenville Retail Corridor Outparcel Opportunity

      Outparcel ideal for full-service restaurant in primary retail corridor.
      7215 Interstate Highway 30, Greenville, TX 75402
      View Details
    • Contact for pricing

      4.453 Acre Ground Lease Opportunity

      4.453-acre ground lease with I-30 access in Caddo Mills, TX.
      1984 Interstate Highway 30 W, Greenville, TX 75402
      View Details
    • Contact for pricing
      3,100 SF

      Retail Space on Wesley Street

      Retail space with high visibility and comprehensive amenities.
      8806 Wesley St, 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
    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.
    2378 Co Rd
    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
    2378 Co Rd, 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!