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    2801 Albert St Greenville, TX 75401

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    2801 Albert St Greenville, TX 75401

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    • Retail space
    For Lease
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    Retail Pad Site For Lease For Lease
    Contact for pricing

    Retail Pad Site For Lease

    Retail pad site for ground lease, adjacent to Wal-Mart.

    2801 Albert Street, Greenville, TX 75401
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    Property ID
    US82-0649809
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2801 Albert St

    Property type
    Retail space

    Description

    This exceptional 38,867 square foot commercial land parcel presents a remarkable opportunity for retail development in Greenville, Texas. Located at 2801 Albert Street, this single-tenant site is zoned for commercial use and offers significant potential for a variety of retail ventures. The property's convenient location near Wesley Street ensures high visibility and accessibility for customers. Its classification as a retail pad site makes it ideal for ground lease arrangements, providing a flexible and potentially lucrative investment. Situated in Hunt County, this property benefits from the robust economic growth and thriving retail landscape of Greenville. The expansive lot size allows for ample space for building construction and potential future expansion. Detailed zoning information is available upon request. This is a rare opportunity to acquire a prime piece of commercial real estate in a desirable location, perfect for investors seeking a strong return on investment. The property's address is 2801 Albert St, Greenville, TX 75401. Coordinates are 33.121539 latitude and -96.110207 longitude. The property type is land, specifically categorized as commercial, retail, and retail-pad.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.110207
    Latitude
    33.121539

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      Retail Space in Greenville, TX

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      Downtown Greenville Retail/Office Space

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      Downtown Greenville Retail/Restaurant Opportunity

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      Retail Spaces in Greenville Shopping Center

      Retail spaces available for lease in Greenville, Texas.
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      Retail Space Near I-30

      Retail space with easy access to I-30 and Greenville.
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      Historic Duplex with Mixed-Use Potential

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    Similar Nearby for Lease

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      Retail Space in Greenville, TX

      Retail space for lease in Greenville, Texas near I-30.
      4201-4307 Wesley St, Greenville, TX 75401
      View Details
    • $14 SF/Yr
      7,144 SF

      Downtown Greenville Retail/Hospitality Space

      Refreshed storefront near the Square, ideal for retail or hospitality.
      2308 Lee St, Greenville, TX 75401
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      2,100 SF

      Downtown Greenville Retail/Office Space

      Renovated retail/office space in downtown Greenville, TX for lease.
      2815 Wesley St, Greenville, TX 75401
      View Details
    • $1,975 /Mo
      2,178 SF

      Downtown Greenville Retail/Office Space

      Prime commercial space in historic downtown Greenville, ideal for various businesses.
      2402 Stonewall St, Greenville, TX 75401
      View Details
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      Downtown Greenville Retail/Restaurant Opportunity

      Prime retail or restaurant space in revitalized downtown Greenville.
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    • $900 /Mo

      Versatile Commercial Space Available

      Adaptable commercial building near downtown, suitable for various businesses.
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    View Listing
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    2801 Albert St
    Greenville, TX 75401
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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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    2801 Albert St, Greenville, TX, 75401

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