Flex Office-Warehouse with Fenced
For Sale
$1,650,000
4626 County Road 2200, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size6,250 SF
Lot Size1.50 Acres
Price / SF$264
Days on Market67
Property Features for 4626 County Road 2200
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway, Parking Lot
Security features
Security
Subdivision
Cash Bus Park Ph 1
Lot features
Acreage
Directions
I 30 East to Greenville exit right on Wesley - Highway 34 South to CR 2200 make right property on left,
Standard status
Active
APN
222563
Lot size
1.50 Acres
Utilities
Utilities
Propane
Sewer type
Private Sewer, Septic Tank
Heating system
Propane (Heating)
Cooling system
ENERGY STAR Qualified Equipment, Zoned, Central Air
Amenities
safe room
washer and dryer
shop sink
electric gate
Building Details
Year built
2016
Floors in Building
1
Number of units
1
Flooring type
Paintedstained, Concrete
Building materials
MetalSiding, Rock, Stone
Roof type
Metal
Listing Agency:
Keller Williams Rockwall · Keller Williams Realty
(972) 772-7000
Listed By:
Cindy Miller · License #0481033
(214) 325-3646
Added: Jul 2
Changed: Sep 2
Last Checked: Sep 6 at 6:06AM
MLS# 21091633
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2016 flex property includes approximately 2,200 SF of open office area and a loft suitable for additional office or storage use. The building totals 6,250 SF, with an insulated 4,000 SF warehouse featuring 18-foot ceilings, two LiftMaster roll-up doors, one additional roll-up door, and three side-entry doors. Interior improvements include stained concrete floors, wood-and-metal finishes, two restrooms, a shower, half bath, safe room, shop sink, washer and dryer, and zoned cooling with two mini-splits.
The property occupies 1.5 acres outside city limits and is secured by iron fencing and an electric gate. A six-inch concrete surface provides parking for equipment, trailers, and fleet vehicles. The site is in the Hwy 34 and FM 1903 area near Greenville, with access to I-30. Utilities include propane, septic service, and private sewer.
The property occupies 1.5 acres outside city limits and is secured by iron fencing and an electric gate. A six-inch concrete surface provides parking for equipment, trailers, and fleet vehicles. The site is in the Hwy 34 and FM 1903 area near Greenville, with access to I-30. Utilities include propane, septic service, and private sewer.
Key Highlights
- 6,250 SF flex building on 1.5 acres, built in 2016
- Approximately 2,200 SF of open office space plus loft area
- Insulated 4,000 SF warehouse with 18' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,240
$1.6M
Cap Rate 7%
$1,132,314
$1.1M
Cap Rate 9%
$880,689
$880.7K
Market Conditions
NOI Build-Up for 6,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$137.3K $21.96/SF
− Vacancy
−$31.6K −$5.05/SF
EGI
$105.7K $16.91/SF
− OpEx
−$26.4K −$4.23/SF
NOI
$79.3K $12.68/SF
Area
Hunt County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,585,240
Cap Rate 7%
$1,132,314
Cap Rate 9%
$880,689
Alternative Uses
Best Use
Industrial
$6.21M
$5.43M – $7.25M
NOI $434,727 @ 7.0% cap · market cap 26.35%
Second Best
Office B
$1.13M
$990.8K – $1.32M
NOI $79,262 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75402, TX
18,983
Population
8,024
Households
2.4
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
90.8 sq mi
ZIP Area
209
Density / Sq Mi
$77,602
Median Household Income
$46,076
Median Earnings
$1,414
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Gated flex property combines finished office space with an insulated warehouse and equipment parking.
Where is this flex space located?
The property is located at 4626 County Road 2200 Greenville, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,250 SF flex building on 1.5 acres, built in 2016; Approximately 2,200 SF of open office space plus loft area; Insulated 4,000 SF warehouse with 18' ceilings
