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

    1506 Greenville Ave Allen, TX 75002-8622

    • Office buildings
    • 8,368 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4875588
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Timothy Vassberg / Counselor / Practitioner Service Location
    • Maske Family Chiropractic / Chiropractor
    • Tesia Choi / Speech Pathologist
    • Adria Wassom / Speech Pathologist
    • Shacarol Monteiro / Counselor

    Property Details for 1506 Greenville Ave

    Year built
    1999
    Lot size
    0.64 lot acres
    Property size
    8,368 SF
    Property type
    Office buildings
    APN
    R-4353-000-0020-1
    APU
    R435300000201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $425,000
      Market price range: $420k - $731k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $570,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.6491
    Latitude
    33.1208
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $21,065
    $153,762
    $991,866
    $1,145,628
    -
    $153,762
    $991,866
    $1,145,628

    Comparable in this City

    • Value Estimation
      $750,000
      23,600 SF

      1205 Greenville Ave

      OFFICE BUILDING • 23,600 SF
      1205 Greenville Ave, Allen, TX 75002-4162
      View Details
    • Value Estimation
      $385,000
      6,487 SF

      411 Mcdermott Dr

      OFFICE BUILDING • 6,487 SF
      411 Mcdermott Dr, Allen, TX 75002-2854
      View Details
    • Value Estimation
      $295,000
      3,388 SF

      703 Greenville Ave

      OFFICE BUILDING • 3,388 SF
      703 Greenville Ave, Allen, TX 75002-2175
      View Details
    • Value Estimation
      $815,000
      70,680 SF

      830 Greenville Ave

      OFFICE BUILDING • 70,680 SF
      830 Greenville Ave, Allen, TX 75002-3320
      View Details
    • Value Estimation
      $445,000
      5,381 SF

      100 Mcdermott Dr

      OFFICE BUILDING • 5,381 SF
      100 Mcdermott Dr, Allen, TX 75002-2845
      View Details
    • Value Estimation
      $410,000
      4,292 SF

      571 Angel Pkwy

      OFFICE BUILDING • 4,292 SF
      571 Angel Pkwy, Allen, TX 75002-4800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29 SF

      Allen Office Building For Sale

      Office building for sale in Allen, Texas, 56% occupied.
      100 Allentown Pkwy, Allen, TX 75002
      View Details
    • $475,000
      1,228 SF

      Allen Office Space: Prestige Location

      Prime Allen office, 1228 sq ft, great condition.
      28 Prestige Cir, Allen, TX 75002
      View Details
    • $2,100,000
      0.47 Acres

      Office Property in Allen, Texas

      Office property for sale in Allen, Texas, Collin County.
      10 E Mcdermott Dr, Allen, TX 75002
      View Details
    • $1,250,000

      Commercial Land on Greenville Avenue

      One acre of commercial land suitable for various businesses.
      1489 S Greenville Ave, Allen, TX 75002
      View Details
    • $1,100,000
      8.59 Acres

      Land Near Allen Premium Outlet

      8+ acre property near Allen Premium Outlet and Lake Lavon.
      1705 Stinson Rd, Allen, TX 75002
      View Details
    • $649,000
      1.14 Acres

      Prime Land with Lake Views

      Exceptional 1+ acre lot with lake views in Lucas, TX.
      2095 Chief Ln, Allen, TX 75002
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      3,110 SF

      Office Space in Allen, TX

      3,110 SF office space available for lease.
      1022 S Greenville Ave, Allen, TX 75002
      View Details
    • $3,373 /Mo
      52,838 SF

      Allen, TX Retail/Office Space

      Prime Allen location suitable for medical or professional office use.
      1228 E Exchange Pkwy, Allen, TX 75002
      View Details
    • $21 SF/Yr
      1,300 SF

      Productive Office Space For Rent

      Versatile office space in a high-visibility area with easy access.
      703 S Greenville Ave, Allen, TX 75002
      View Details
    • Contact for pricing
      1,228 SF

      Modern Office Space Available

      Office spaces with high-end finishes and energy-efficient construction.
      28 Prestige Cir, Allen, TX 75002
      View Details
    • $42 SF/Yr
      22,618 SF

      Office Space in Allen, TX

      Office space for rent with outdoor amenities in Allen.
      2550 Bending Branch Way, Allen, TX 75002
      View Details
    • $7,000 /Mo
      120,008 SF

      Allen Office Space For Lease

      Centrally located office space in Allen, Texas available for lease.
      315 S Jupiter Rd, Allen, TX 75002
      View Details
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    1506 Greenville Ave
    Allen, TX 75002-8622
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    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
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