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

    2701 Sunset Strip Greenville, TX 75402-3839

    • Commercial real estate
    • 5,784 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3530633
    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

    • Greenville Salon & Suites / Hair Salon / Nail Salon
    • The Spark Center for Extraordinary Living / Alternative Medicine Practice
    • Whole Aesthetics: Beauty & Wellness / Spa & Massage Center
    • Escape & Renew / Spa & Massage Center / Skin Care Clinic
    • The Viva Beauty Bar / Dental Office

    Property Details for 2701 Sunset Strip

    Year built
    1997
    Lot size
    1.03 lot acres
    Property size
    5,784 SF
    Property type
    Commercial real estate
    APN
    4977-0040-0010-41
    APU
    49770040001041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $660,000
      Market price range: $250k - $839k

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.1093
    Latitude
    33.0812
    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
    $17,914
    $224,990
    $812,010
    $1,037,000
    -
    $224,990
    $812,010
    $1,037,000

    Comparable in this City

    • Value Estimation by Request

      3667 Crk 2134

      Medical offices
      3667 Crk 2134, Greenville, TX 75402
      View Details
    • Value Estimation by Request
      0.36 Acres

      2800 Rodeo Dr

      COMMERCIAL (GENERAL) • 0.36 Acres
      2800 Rodeo Dr, Greenville, TX 75402-3835
      View Details
    • Value Estimation by Request
      0.07 Acres

      6308 Wesley St

      COMMERCIAL (GENERAL) • 0.07 Acres
      6308 Wesley St, Greenville, TX 75402-8972
      View Details
    • Value Estimation
      $1,880,000
      14,950 SF

      4915 State Hwy 34th S

      COMMERCIAL (GENERAL) • 14,950 SF
      4915 State Hwy 34th S, Greenville, TX 75402-5158
      View Details
    • Value Estimation
      $1,485,000
      11,000 SF

      5403 State Hwy 69th S

      COMMERCIAL (GENERAL) • 11,000 SF
      5403 State Hwy 69th S, Greenville, TX 75402
      View Details
    • Value Estimation
      $1,080,000
      7,514 SF

      5906 Wesley St

      COMMERCIAL (GENERAL) • 7,514 SF
      5906 Wesley St, Greenville, TX 75402-8968
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9.24 Acres

      Nwq Ctr Pt Ln & Roy Warren Pkwy

      Land • 9.24 Acres
      0 Nwq Ctr Pt Ln & Roy Warren Pkwy, Greenville, TX 75402
      View Details
    • $1,800,000

      Greenville Commercial Land Investment

      Prime Commercial Land, I-30 Access
      0 Traders Rd, Greenville, TX 75402
      View Details
    • $790,000

      Greenville Texas Commercial Pad Site

      I-30 Frontage Road development opportunity
      6805 Frontage Rd, Greenville, TX 75402
      View Details
    • Contact for pricing
      12.00 Acres

      Greenville TX Development Land

      ±23 Acres, Multifamily Entitled
      6815 Frontage Rd, Greenville, TX 75402
      View Details
    • $259,900
      11.67 Acres

      Greenville Land: 11.67 Acres

      Prime Greenville acreage, ideal for development.
      A, Greenville, TX 75402
      View Details
    • Contact for pricing
      3.68 Acres

      Greenville, TX Industrial Land

      Prime Greenville location, industrial zoning, opportunity zone.
      66 & Ed Rutherford Dr, Greenville, TX 75402
      View Details

    Similar Nearby for Lease

    • 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
    • $2,800 /Mo

      Office Building with Multiple Spaces

      Office building with spaces available for lease in Greenville.
      3575A 102, Greenville, TX 75402
      View Details
    • $1.00 SF/Yr

      Prime Land on Interstate 30

      4.453-acre ground lease with high visibility and easy access.
      1984 I-30 W, Caddo Mills, TX 75402
      View Details
    • $2,895 /Mo

      Specialty Property For Rent

      Specialty property available for rent in Greenville, Texas.
      2667-B S Us Hwy, 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
    • $2,200 /Mo
      297,079 SF

      Greenville Warehouse and Office Space

      Warehouse-office space near Hwy 34 with flexible configurations.
      4509 County Road 2200, 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.
    2701 Sunset Strip
    Greenville, TX 75402-3839
    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.