Office Condo Units with Covered
2200 Traders Road #503, Greenville, TX 75402
For Sale
$425,000
Each unit is planned with a reception area, multiple offices, a break area, and a restroom.
Property Size1,250 SF
Price / SF$340
Days on Market9
Property Features for 2200 Traders Road #503
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Office Units
Property Use
Amenities
Reception area
break area
restroom
covered front entry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License TX #0492686
(469) 688-8664
Source:
Bourquinrealty
Added: Nov 4
Last Checked: Nov 12 at 2:54AM
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.
The office condo units are planned at approximately 1,250 square feet under roof. Each layout includes a reception area, multiple offices, a break area, and a restroom, with a covered entry at the front. Five parking spaces are provided per unit.
The property is in Greenville, 0.5 miles from I-30, with access to Hwy 34, Roy Warren Parkway, and FM 1570. The project comprises 20 units, with 18 available to choose from. A 4,996-square-foot whole-building option is also offered.
The property is in Greenville, 0.5 miles from I-30, with access to Hwy 34, Roy Warren Parkway, and FM 1570. The project comprises 20 units, with 18 available to choose from. A 4,996-square-foot whole-building option is also offered.
Key Highlights
- Approximately 1,250 square feet under roof per unit
- Five parking spaces per unit
- Reception area, multiple offices, break area, and restroom in each 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
Multifamily LT 5
$314.0K
$274.7K – $366.3K
NOI $21,979 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
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
$252,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Greenville, TX
Properties on Market for Office Units in Greenville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Each unit is planned with a reception area, multiple offices, a break area, and a restroom.
Where is this office unit located?
The property is located at 2200 Traders Road #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 unit; Five parking spaces per unit; Reception area, multiple offices, break area, and restroom in each unit
