Office Condo with Covered
New
For Sale
$399,000
2200 Traders Road #203 203, Greenville, TX 75402
Planned suites include reception, multiple offices, a break area and a restroom.
Property Size4,996 SF
Price / SF$319.20
Days on Market5
Property Features for 2200 Traders Road #203 203
General Information
Standard status
Active
Size
4,996 SF
Total Parking Spaces
5
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
HOA Fee
$300
Building Details
Buildings
1
Building Size
4,996 SF
Tenancy
Multi
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
Source:
Yplusa
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 10:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
These office condominium units are under construction, with approximately 1,250 square feet under roof per unit. The planned layout includes a reception area, multiple offices, a break area and a restroom, along with a covered front entrance. Each unit is allocated 5 parking spaces. Completion and availability are scheduled for January 2026.
The property is in Greenville, 0.5 miles from I-30, with access to TX Hwy 34, Roy Warren Parkway and FM 1570. The development comprises 20 units, with 18 available to choose from at the time described.
The property is in Greenville, 0.5 miles from I-30, with access to TX Hwy 34, Roy Warren Parkway and FM 1570. The development comprises 20 units, with 18 available to choose from at the time described.
Key Highlights
- Approximately 1,250 square feet under roof per unit
- 5 parking spaces per unit
- Reception area, multiple offices, break area and restroom planned in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
Cap Rate
3.97%
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 3.97%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
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 units - Planned suites include reception, multiple offices, a break area and a restroom.
Where is this office units located?
The property is located at 2200 Traders Road #203 203 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: Approximately 1,250 square feet under roof per unit; 5 parking spaces per unit; Reception area, multiple offices, break area and restroom planned in each unit
