Office Condos with Covered
2200 Traders Road #403 Greenville, TX 75402
New
For Sale
$399,000
New office condos with reception, multiple offices, break area, restrooms, and a covered front entry, plus five parking spaces.
Property Size1,250 SF
Price / SF$319.20
Days on Market4
Property Features for 2200 Traders Road #403
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:
Cornerstonehomeandranch
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 23 at 6:31AM
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 condos designed for professional use, each planned to include a reception area, multiple office rooms, a break area, restrooms, and a covered front entry with approximately 1,250 square feet under roof. Each unit is allocated five parking spaces, and construction has started with slabs poured September 19 through September 30. Units are anticipated to be available by January 2026, with 20 total units and 18 remaining to select.
The property is located in Greenville, Texas, about 0.5 miles from I-30, with easy access to TX Hwy 34, Roy Warren Parkway, FM 1570, and other nearby routes. A full building option is also noted at approximately 4,996 square feet. Please note that association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing.
The property is located in Greenville, Texas, about 0.5 miles from I-30, with easy access to TX Hwy 34, Roy Warren Parkway, FM 1570, and other nearby routes. A full building option is also noted at approximately 4,996 square feet. Please note that association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing.
Key Highlights
- New office condo construction started with slab poured Sept 19–Sept 30; units scheduled for availability by January 2026
- Each unit includes a reception area, multiple offices, break area, restroom, and 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 - New office condos with reception, multiple offices, break area, restrooms, and a covered front entry, plus five parking spaces.
Where is this office units located?
The property is located at 2200 Traders Road #403 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 construction started with slab poured Sept 19–Sept 30; units scheduled for availability by January 2026; Each unit includes a reception area, multiple offices, break area, restroom, and covered front entry; 5 parking spaces per unit
