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

    8903 Wesley St Greenville, TX 75402

    • Commercial real estate
    • 42.60 lot acres
    For Sale
    View listing
    $7,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9251179
    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

    • Commercial real estate

    Property Details for 8903 Wesley St

    Lot size
    42.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 42.601-acre commercial land parcel in Greenville, Texas, presents a remarkable investment opportunity. Located within city limits, this property boasts 1178 feet of frontage on Wesley Street (State Hwy 34), offering unparalleled visibility and accessibility. Its strategic location is less than one mile from I-30 and 2.5 miles from FM 1570, ensuring convenient access for businesses and residents alike. The current zoning is Commercial-City, allowing for a wide range of development possibilities, including general retail, mixed-use, light industrial, and multi-family or single-family residential. The seller is willing to subdivide the property to accommodate various development plans. Utilities including water, sewer, and electric are readily available. The property has already undergone excavation, simplifying the development process. This area is experiencing rapid growth, with over 2500 homes under construction or planned within a two-mile radius, and new businesses are continually emerging nearby, including Wildcaters and Stainbeck commercial developments. The Texas Department of Transportation plans to widen Hwy 34, further enhancing accessibility and visibility. The current daily traffic count on Hwy 34 is between 23,000 and 25,000 vehicles. The asking price is $12,989,900, with a land value of $9.50 per square foot. This is a rare opportunity to acquire a large, high-visibility commercial tract in a thriving Texas market. 40.479 acres are currently zoned Commercial-Ag Exempt.

    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
    -96.107192
    Latitude
    33.0862569

    Comparable in this City

    • $2,000,000
      8.54 Acres

      8.54 Acres Greenville Development Land

      Prime Greenville land, residential & commercial potential.
      0 Fm 1570, Greenville, TX 75402
      View Details
    • Contact for pricing
      101.45 Acres

      101 Acres Greenville, TX Farmland

      Prime 101-acre tract, ideal for diverse uses.
      3598 Lions Lair Rd, Greenville, TX 75402
      View Details
    • $111,250
      1.25 Acres

      Greenville, TX 1.25-Acre Home Lot

      1.25-acre custom home lot in Greenville, TX, south of I-30.
      1 Joe Ramsey Blvd, Greenville, TX 75402
      View Details
    • $735,000

      Corner Lot Near I-30

      2.04 acre corner lot with high visibility and traffic.
      501 Center Point Ln, Greenville, TX 75402
      View Details
    • $1,350,000
      11.99 Acres

      Greenville Land For Sale

      Undeveloped land available in Greenville, Texas.
      2301 Traders Rd, Greenville, TX 75402
      View Details
    • $495,950
      17.90 Acres

      Undeveloped Land Parcel Near Greenville

      17.9 acres of contiguous land, ideal for development.
      2165 County Road 3304, Greenville, TX 75402
      View Details

    Similar Nearby for Sale

    • $500,000
      16.37 Acres

      Greenville Retail Land Opportunity

      16.37 Acres, Prime Retail Location
      0 Kari Ln, Greenville, TX 75402
      View Details
    • Contact for pricing

      Land Near I-30 Frontage Road

      Land with direct access to Downtown Dallas, TX.
      1124 Colony Dr, Greenville, TX 75402
      View Details
    • $259,900

      Undeveloped Land in Greenville, TX

      16 acres of undeveloped land near major highways and employers.
      A, Greenville, TX 75402
      View Details
    • $399,000

      Undeveloped Land Near Greenville, TX

      16-acre tract near Greenville, TX, with excellent accessibility.
      W County Road 2182, Greenville, TX 75402
      View Details
    • $1,073,100
      53.66 Acres

      53+ Acre Land with Barn

      53+ acre property with barn, suitable for recreation or agriculture.
      00 County Road 3101, Greenville, TX 75402
      View Details
    • $279,000
      3.47 Acres

      Greenville, TX 3.47-Acre Lot

      3.47-acre lot in Greenville, TX, south of I-30.
      3 Joe Ramsey Blvd, Greenville, TX 75402
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Greenville Retail Corridor Outparcel Opportunity

      Outparcel ideal for full-service restaurant in primary retail corridor.
      7215 Interstate Highway 30, Greenville, TX 75402
      View Details
    • $20 SF/Yr
      600 SF

      Greenville Medical Office Suite A

      600 sq ft, single-tenant medical office.
      3667 County Road 2134, 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
    • $1.00 SF/Yr

      4.453 Acre Ground Lease Opportunity

      4.453-acre ground lease with I-30 access in Caddo Mills, TX.
      1984 Interstate Highway 30 W, Greenville, TX 75402
      View Details
    • 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
    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.
    8903 Wesley St
    Greenville, TX 75402
    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.