New Office Condo
For Sale
$425,000
2200 Traders Road #503 503, Greenville, TX 75402
Planned units combine reception space, private offices, a break area, restroom, and covered entry with dedicated parking.
Property Size4,996 SF
Price / SF$340
Days on Market93
Property Features for 2200 Traders Road #503 503
General Information
Standard status
Active
Size
4,996 SF
Total Parking Spaces
5
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Buildings
1
Building Size
4,996 SF
Tenancy
Multi
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
Source:
Diligentcre
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 20 at 8:20PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Construction is underway on office condominium units designed with a reception area, multiple offices, break area, restroom, and covered front entry. Each unit is planned at approximately 1,250 square feet under roof and includes five parking spaces. Units are expected to be available by January 2026.
The property is in Greenville, approximately 0.5 miles from I-30, with access to Texas Highway 34, Roy Warren Parkway, and FM 1570. The project includes 20 units, with 18 currently available for selection. An option to acquire the 4,996-square-foot whole building is also offered.
The property is in Greenville, approximately 0.5 miles from I-30, with access to Texas Highway 34, Roy Warren Parkway, and FM 1570. The project includes 20 units, with 18 currently available for selection. An option to acquire the 4,996-square-foot whole building is also offered.
Key Highlights
- Approximately 1,250 square feet under roof per office condo unit
- Reception area, multiple offices, break area, restroom, and covered front entry
- Five parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,040
$317.0K
Cap Rate 7%
$226,457
$226.5K
Cap Rate 9%
$176,133
$176.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.5K $21.96/SF
− Vacancy
−$6.3K −$5.05/SF
EGI
$21.1K $16.91/SF
− OpEx
−$5.3K −$4.23/SF
NOI
$15.9K $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 Rate 5%
$317,040
Cap Rate 7%
$226,457
Cap Rate 9%
$176,133
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.2K
NOI $15,852 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 20.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
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
Frequently Asked Questions
What type of property is this?
Office unit - Planned units combine reception space, private offices, a break area, restroom, and covered entry with dedicated parking.
Where is this office unit located?
The property is located at 2200 Traders Road #503 503 Greenville, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 1,250 square feet under roof per office condo unit; Reception area, multiple offices, break area, restroom, and covered front entry; Five parking spaces per unit
