New Office Condo
202-2200 Traders Rd Greenville, TX 75402
For Sale
$399,000
Newly built office condos feature reception, multiple offices, break area, restrooms, and a covered front entry.
Property Size1,250 SF
Price / SF$319.20
Days on Market308
Property Features for 202-2200 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 11:37AM
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.
Each newly built office condo will be delivered with a reception area, multiple offices, a break area, and restrooms, along with a covered front entry. Construction has already begun, with slabs poured between Sept. 19 and Sept. 30, and units are expected to be available by January 2026. The offering includes 20 units total, with 18 left to select at the time of listing, and each unit provides 5 parking spaces.
The property is located in Greenville, Texas, about 0.5 miles from I-30, with easy access to SH 34 (TH Hwy 34), Roy Warren Parkway, FM 1570, and other area routes.
A whole-building option is also available, with the full building described as 4,996 square feet.
The property is located in Greenville, Texas, about 0.5 miles from I-30, with easy access to SH 34 (TH Hwy 34), Roy Warren Parkway, FM 1570, and other area routes.
A whole-building option is also available, with the full building described as 4,996 square feet.
Key Highlights
- New office condo development with reception, multiple offices, break area, restrooms, and covered front entry
- Approximately 1,250 SF under roof per unit
- Construction started—slabs were poured Sept 19 to Sept 30, with unit availability by January 2026
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 feature reception, multiple offices, break area, restrooms, and a covered front entry.
Where is this office units located?
The property is located at 202-2200 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: New office condo development with reception, multiple offices, break area, restrooms, and covered front entry; Approximately 1,250 SF under roof per unit; Construction started—slabs were poured Sept 19 to Sept 30, with unit availability by January 2026
