New Office Condo
2200 Traders Road #402 Greenville, TX 75402
New
For Sale
$399,000
Newly built office condo with reception, multiple offices, break area, restroom, covered entry, and 5 parking spaces.
Property Size1,250 SF
Price / SF$319.20
Days on Market3
Property Features for 2200 Traders Road #402
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Fullhouserealtytx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 7:30AM
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.
Construction is underway on newly built office condo units designed for professional use. Each unit will include a reception area, multiple offices, a break area, a restroom, and a covered front entry, with approximately 1,250 square feet under roof. Each unit is planned with 5 parking spaces.
The property is located in Greenville, about 0.5 miles from I-30, with easy access to SH Hwy 34, Roy Warren Parkway, FM 1570, and more. The development totals 20 units, with units available by January 2026. Association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing. A 4,996 square foot whole-building option is also available.
The property is located in Greenville, about 0.5 miles from I-30, with easy access to SH Hwy 34, Roy Warren Parkway, FM 1570, and more. The development totals 20 units, with units available by January 2026. Association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing. A 4,996 square foot whole-building option is also available.
Key Highlights
- New office condo project (2025) with reception, multiple offices, break area, and restroom
- Covered front entry with approximately 1,250 sq ft under roof per unit (as stated in remarks)
- 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 condo with reception, multiple offices, break area, restroom, covered entry, and 5 parking spaces.
Where is this office units located?
The property is located at 2200 Traders Road #402 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 project (2025) with reception, multiple offices, break area, and restroom; Covered front entry with approximately 1,250 sq ft under roof per unit (as stated in remarks); 5 parking spaces per unit
