Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2606 Lee St Greenville, TX 75401-4248

    • Commercial real estate
    • 6,264 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4362704
    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

    • Republican Party of Hunt County, Texas / Association / Organization
    • Lofts On Lee / Hotel & Motel
    • Money Law Firm / Law Firm

    Property Details for 2606 Lee St

    Year built
    1952
    Construction
    CONCRETE BLOCKS
    Lot size
    0.06 lot acres
    Property size
    6,264 SF
    Property type
    Commercial real estate
    APN
    4385-0070-0080-41
    APU
    43850070008041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1075
    Latitude
    33.1401
    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
    $3,610
    $17,200
    $202,800
    $220,000
    -
    $17,200
    $202,800
    $220,000

    Comparable in this City

    • Value Estimation by Request
      10.18 Acres

      Neq Hwy 69 & I-30

      Land • 10.18 Acres
      0 Neq Hwy 69 & I-30, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      1.14 Acres

      Jackson St

      Commercial real estate • 1.14 Acres
      Jackson St, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      0.11 Acres

      3308 Bois D Arc St

      COMMERCIAL (GENERAL) • 0.11 Acres
      3308 Bois D Arc St, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      2.41 Acres

      Fannin St

      COMMERCIAL (GENERAL) • 2.41 Acres
      Fannin St, Greenville, TX 75401
      View Details
    • Value Estimation by Request
      0.18 Acres

      3018 Henry St

      COMMERCIAL (GENERAL) • 0.18 Acres
      3018 Henry St, Greenville, TX 75401-3244
      View Details
    • Value Estimation by Request
      2.90 Acres

      3900 Joe Ramsey E Blvd

      COMMERCIAL (GENERAL) • 2.90 Acres
      3900 Joe Ramsey E Blvd, Greenville, TX 75401-7727
      View Details

    Similar Nearby for Sale

    • $299,000
      1.14 Acres

      Prime Greenville Industrial Lot

      1.14-Acre Lot, Highway 66 Frontage
      Jackson St, Greenville, TX 75401
      View Details
    • Contact for pricing
      5,156 SF

      Prime Greenville Retail Space

      High-traffic location, excellent visibility, strong NOI.
      4800 Joe Ramsey Blvd, Greenville, TX 75401
      View Details
    • $499,000
      10.18 Acres

      Prime Greenville Commercial Land

      10 Acres, Hwy 69 & I-30, C-2 Zoning
      0 Neq Hwy 69 & I-30, Greenville, TX 75401
      View Details
    • $225,000
      5.00 Acres

      Greenville TX Commercial Land

      5 Acres, unrestricted, build your dream.
      861 Co Rd 1117, Greenville, TX 75401
      View Details
    • $325,000
      3,828 SF

      Historic Downtown Greenville Building

      Prime Commercial Space, Endless Potential
      2616 Pickett St, Greenville, TX 75401
      View Details
    • Contact for pricing
      5.77 Acres

      Prime Greenville Commercial Land

      5.77 Acres, Hwy 69 & Wesley
      0 Wesley St. & Hwy 69, Greenville, TX 75401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,100 SF

      Wesley Medical Plaza: Greenville, TX

      Prime Medical Office Space Available
      4101 Wesley St, Greenville, TX 75401
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Greenville, TX

      Retail space for lease in Greenville, Texas near I-30.
      4201-4307 Wesley St, Greenville, TX 75401
      View Details
    • $2,133 /Mo

      Equine Ranch Metal Building Rental

      1600 sq ft metal building on 50-acre ranch.
      2888 Highway 380, Greenville, TX 75401
      View Details
    • $425 /Mo

      Centrally Located Office Building

      Two-story office building with common areas and kitchen for rent.
      4216 Wesley St, Greenville, TX 75401
      View Details
    • $8,640 /Mo
      5,760 SF

      Turnkey Restaurant Space in Greenville

      Fully furnished restaurant space available for lease in downtown Greenville.
      2501 Johnson St, Greenville, TX 75401
      View Details
    • $800 /Mo
      12,981 SF

      Versatile Retail/Office Space Available

      Adaptable space near downtown Greenville, suitable for various businesses.
      1702 Stanford 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.
    2606 Lee St
    Greenville, TX 75401-4248
    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

    Google sign-in failed. Please try again or use another login method.