New Office Condo
For Sale
$1,600,000
1-2200 Traders Rd, Greenville, TX 75402
Newly built four-suite office building offers reception, multiple offices, break area, restrooms, and covered front entry.
Property Size4,996 SF
Price / SF$320.26
Days on Market279
Property Features for 1-2200 Traders Rd
General Information
Standard status
Active
Size
4,996 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
4
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Dec 2, 2025
Changed: Sep 2
Last Checked: Sep 7 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mckinney Real Estate Services
Investment Insights
Based on property information with market context.
Newly built office condos are being constructed for professional office use and include a reception area, multiple offices, a break area, restroom, and a covered front entry. Each suite is planned with approximately 1,250 under-roof area, and this listing is for the whole building consisting of four suites totaling 4,996 square feet.
The property is located in Greenville, approximately 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, FM 1570, and other area routes. Construction has started, and the slabs were poured Sept 19–Sept 30, with units scheduled to be available by January 2026. Association dues are listed as $1,200 per month for the whole building.
The property is located in Greenville, approximately 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, FM 1570, and other area routes. Construction has started, and the slabs were poured Sept 19–Sept 30, with units scheduled to be available by January 2026. Association dues are listed as $1,200 per month for the whole building.
Key Highlights
- Newly built office condos with 4 suites in a single building totaling 4,996 sq ft
- Each suite planned with reception area, multiple offices, break area, restroom, and covered front entry
- Approximately 1,250 under‑roof for each unit
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
$63,359
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
3.96%
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%
$1,267,180
$1.3M
Cap Rate 7%
$905,129
$905.1K
Cap Rate 9%
$703,989
$704.0K
Market Conditions
NOI Build-Up for 4,996 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
$109.7K $21.96/SF
− Vacancy
−$25.2K −$5.05/SF
EGI
$84.5K $16.91/SF
− OpEx
−$21.1K −$4.23/SF
NOI
$63.4K $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%
$1,267,180
Cap Rate 7%
$905,129
Cap Rate 9%
$703,989
Alternative Uses
Best Use
Office B
$905.1K
$792.0K – $1.06M
NOI $63,359 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$4.96M
$4.34M – $5.79M
NOI $347,503 @ 7.0% cap · market cap 21.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
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?
Office building - Newly built four-suite office building offers reception, multiple offices, break area, restrooms, and covered front entry.
Where is this office building located?
The property is located at 1-2200 Traders Rd Greenville, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Newly built office condos with 4 suites in a single building totaling 4,996 sq ft; Each suite planned with reception area, multiple offices, break area, restroom, and covered front entry; Approximately 1,250 under‑roof for each unit
