New Office Condos For
For Sale
$1,600,000
2200 Traders Road #1, Greenville, TX 75402
New construction office condos in Greenville, TX, available January 2026.
Property Size4,996 SF
Price / SF$320.26
Days on Market132
Property Features for 2200 Traders Road #1
General Information
Standard status
Active
Size
4,996 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
4,996 SF
Year Built
2025
Stories
1
Units
4
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Signaturere
Added: Apr 25
Changed: Aug 8
Last Checked: Sep 2 at 3:16PM
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.
This offering is for a newly constructed office building containing four suites, totaling 4996 square feet. Each suite is designed for professionals and will include a reception area, multiple offices, a break area, a restroom, and a covered front entry. Each unit will be approximately 1250 square feet under roof. Construction has commenced, with slabs poured between September 19th and September 30th. The building is located in Greenville, approximately 0.5 miles from I-30, providing convenient access to Texas Highway 34, Roy Warren Parkway, and FM 1570. The units are anticipated to be available by January 2026. Association dues are $1200 per month for the entire building.
Key Highlights
- Newly built office condo building with four suites totaling 4996 sq ft.
- Prime location in Greenville, just .5 miles from I‑30.
- Easy access to multiple highways: TH Hwy 34, Roy Warren Parkway, and FM1570.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
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
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Frequently Asked Questions
What type of property is this?
Office units - New construction office condos in Greenville, TX, available January 2026.
Where is this office units located?
The property is located at 2200 Traders Road #1 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 condo building with four suites totaling 4996 sq ft.; Prime location in Greenville, just .5 miles from I‑30.; Easy access to multiple highways: TH Hwy 34, Roy Warren Parkway, and FM1570.
