New Office Condo
For Sale
$425,000
2200 Traders Rd Unit 503, Greenville, TX 75402
Purpose-built professional suites combine reception, private offices, a break area, restroom, and covered entry.
Property Size1,250 SF
Price / SF$340
Days on Market63
Property Features for 2200 Traders Rd Unit 503
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
5
Additional Details
Highway Access
Yes
Office Units
20
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Minteerteam
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 7 at 4:32PM
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.
These new office condominium units are designed for professional users, with approximately 1,250 square feet under roof per unit. Each layout includes a reception area, multiple offices, a break area, restroom, and covered front entry. Five parking spaces are provided per unit. Construction is underway, with slabs poured between September 19 and September 30, and completion is scheduled for January 2026.
The property is located at 2200 Traders Rd in Greenville, approximately 0.5 miles from I-30. Access is also available to Texas Highway 34, Roy Warren Parkway, and FM 1570. The project includes 20 units, with 18 currently available to select. A 4,996-square-foot whole-building configuration is also offered.
The property is located at 2200 Traders Rd in Greenville, approximately 0.5 miles from I-30. Access is also available to Texas Highway 34, Roy Warren Parkway, and FM 1570. The project includes 20 units, with 18 currently available to select. A 4,996-square-foot whole-building configuration 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 provided 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
20
Office units
Multi-tenant
Tenancy
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Office unit - Purpose-built professional suites combine reception, private offices, a break area, restroom, and covered entry.
Where is this office unit located?
The property is located at 2200 Traders Rd Unit 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 provided per unit
