New Office Condo
103-2200 Traders Rd Greenville, TX 75402
For Sale
$399,000
Newly built office condos will feature reception, multiple offices, break area, and covered entry with parking included.
Property Size1,250 SF
Price / SF$319.20
Days on Market308
Property Features for 103-2200 Traders Rd
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Sep 20, 2025
Changed: Jul 22
Last Checked: Jul 23 at 5:14PM
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 condo units designed for professional use. Each unit is planned to include a reception area, multiple offices, a break area, restroom, and a covered front entry, with approximately 1,250 square feet under roof. The offering includes parking, with 5 spaces per unit.
The property is located in Greenville, about 0.5 miles from I-30, with easy access to TX-34, Roy Warren Parkway, FM1570, and other routes.
The project includes 20 units, with 18 left to select at the time of listing. Construction has started, with slab work poured from Sept 19 through Sept 30, and units are expected to be available by January 2026. There is an association fee of $300 per month and a $3,600 capital assessment due at closing. A whole-building option is also available at 4,996 square feet, with the ability to keep one space and lease the other.
The property is located in Greenville, about 0.5 miles from I-30, with easy access to TX-34, Roy Warren Parkway, FM1570, and other routes.
The project includes 20 units, with 18 left to select at the time of listing. Construction has started, with slab work poured from Sept 19 through Sept 30, and units are expected to be available by January 2026. There is an association fee of $300 per month and a $3,600 capital assessment due at closing. A whole-building option is also available at 4,996 square feet, with the ability to keep one space and lease the other.
Key Highlights
- Newly built office condo plans with reception, multiple offices, break area, and restroom
- Approximately 1,250 SF under roof per unit with covered front entry
- 5 parking spaces per unit
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $21.96 |
| − Vacancy | −$6.3k | −$5.05 |
| EGI | $21.1k | $16.91 |
| − OpEx | −$5.3k | −$4.23 |
| NOI | $15.9k | $12.68 |
1,250 SF · lease $21.96/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.2K
NOI $15,852 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 21.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Newly built office condos will feature reception, multiple offices, break area, and covered entry with parking included.
Where is this office units located?
The property is located at 103-2200 Traders Rd Greenville, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Newly built office condo plans with reception, multiple offices, break area, and restroom; Approximately 1,250 SF under roof per unit with covered front entry; 5 parking spaces per unit
