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

    740 S Greenville Ave Allen, TX 75002

    • Commercial real estate
    • 9,459 SF
    • 0.96 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3769490
    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

    • Bowl and Chopstix / Restaurant
    • Bank of America ATM / Atm
    • Big Tony's West Philly Cheesesteaks / Take-out & Catering / Catering Service
    • Lucky Paws Pet Lodge / Kennel & Boarding Facility
    • CoinBank Bitcoin ATM || BTM / Crypto Atm

    Property Details for 740 S Greenville Ave

    Year built
    2004
    Lot size
    0.96 lot acres
    Property size
    9,459 SF
    Zone code
    PD-3
    Property type
    Commercial real estate
    APN
    R-2003-000-002R-1
    APU
    R2003000002R1

    Description

    The Shops at Bethany, located at 740 S Greenville Ave in Allen, Texas (zip code 75002), offers a prime retail opportunity within Collin County. This multi-tenant retail center boasts a total of 9,459 square feet, with 1,200 square feet currently available for lease. The property is categorized as both retail and restaurant space, making it suitable for a variety of businesses. Its strategic location within a high-growth submarket provides exceptional access to a substantial workforce. The proximity to an employment district exceeding 9,000 employees ensures a consistent flow of potential customers, fostering significant business growth. This presents a unique chance to establish a presence in a thriving commercial area with high visibility and strong foot traffic. The available space is ideal for businesses seeking a well-situated location in a dynamic and expanding market. The property's address is easily accessible and benefits from excellent visibility along S Greenville Ave. This opportunity is perfect for businesses looking to capitalize on the area's robust economic growth and strong consumer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,226,000
      Market price range: $353k - $1.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.6711
    Latitude
    33.0885
    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
    $48,788
    $630,531
    $1,802,884
    $2,433,415
    -
    $630,531
    $1,802,884
    $2,433,415

    Comparable in this City

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      50,879 SF

      2125 Prestige Cir

      COMMERCIAL (GENERAL) • 50,879 SF
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    • Value Estimation
      $4,040,000
      204,080 SF

      210 Stacy Rd

      COMMERCIAL (GENERAL) • 204,080 SF
      210 Stacy Rd, Allen, TX 75002-8732
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    • Value Estimation
      $980,000
      6,516 SF

      384 Stacy Rd

      COMMERCIAL (GENERAL) • 6,516 SF
      384 Stacy Rd, Allen, TX 75002-8762
      View Details
    • Value Estimation
      $530,000
      3,332 SF

      1610 Stacy Rd

      COMMERCIAL (GENERAL) • 3,332 SF
      1610 Stacy Rd, Allen, TX 75002
      View Details
    • Value Estimation
      $715,000
      4,393 SF

      350 Stacy Rd

      COMMERCIAL (GENERAL) • 4,393 SF
      350 Stacy Rd, Allen, TX 75002-8762
      View Details
    • Value Estimation by Request
      180 SF

      Allen, TX 75002

      COMMERCIAL (GENERAL) • 180 SF
      Allen, TX 75002
      View Details

    Similar Nearby for Sale

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      Prime Allen Retail Land Opportunity

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    Similar Nearby for Lease

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      Allen Retail Space - Prime Location

      High-visibility retail space near Walmart.
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      1,200 SF

      Retail Space in High-Growth Area

      Former nail salon in a high-growth sub-market.
      740 S Greenville Ave, Allen, TX 75002
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    • $17 SF/Yr
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      Office Space in Allen, TX

      3,110 SF office space available for lease.
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      Prime Allen location suitable for medical or professional office use.
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      Proposed Retail Space in Allen

      Proposed retail and commercial space available for lease in Allen.
      0000 Mcgarity Ln, Allen, TX 75002
      View Details
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    740 S Greenville Ave
    Allen, TX 75002
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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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