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    New Office Condos with Reception Title is generated by Realmo AI

    2200 Traders Road, Greenville, TX 75402

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    For Sale
    $425,000

    SINGLE_FAMILY - Greenville, TX

    Type:Office
    Property size:
    4,996 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $85/SF
    Added:
    Apr 4, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 2200 Traders Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Property condition
    Under Construction
    Security features
    Security
    Standard status
    Active
    APN
    26920
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    StoneVeneer
    Roof type
    Composition

    We can help!

    Listing Contact
    Toni Spray

    Listing agent Toni Spray License #0492686

    Listing office Mckinney Real Estate Services Mckinney, TX

    Listing date Apr 4, 2026

    MLS# 21065798

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Under construction office condo building built in 2025, with slated availability by January 2026
    • Each unit includes reception, multiple offices, break area, restroom, and a covered front entry
    • Approximately 1,250 sq ft under roof per unit and 5 parking spaces per unit
    • 20‑unit building near I‑30 in Greenville, about 0.5 miles from I‑30 with easy access to TH Hwy 34, Roy Warren Pkwy, and FM 1570
    • Whole building option available: 4,996 sq ft
    • Planned amenities and systems include stone veneer exterior, vinyl flooring, and central heating and central air (electric)

    Overview

    Newly built office condos are being constructed for professional use and each unit is designed for a straightforward office workflow. Plans include a reception area, multiple offices, a break area, and a restroom, along with a covered front entry. The offering includes approximately 1,250 under roof per unit and includes 5 parking spaces per unit.

    Construction has already started, with slabs poured between Sept 19 and Sept 30, and units are targeted for availability in January 2026. There are 20 units in the project, and 18 are currently available to select from. The property is located about 0.5 miles from I-30, with easy access to TX Hwy 34, Roy Warren Parkway, FM 1570, and additional regional routes. The development is situated on a 2-acre lot.

    This is a practical option for businesses seeking a private, professional setting in a newer build with dedicated parking. Tenants and buyers can choose a single condo unit configuration or consider the 4,996-square-foot whole building option if more contiguous space is needed. Association dues are listed at $300 per month, and there is a $3,600 capital assessment due at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hunt
    State
    Texas
    Longitude
    -96.104267
    Latitude
    33.092584

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    FAQs

    What type of property is this?
    Office units - Newly built office condos with reception, multiple offices, break area, and restrooms, plus covered entry and parking.
    Where is this office units located?
    The property is located at 2200 Traders Road 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: Under construction office condo building built in 2025, with slated availability by January 2026; Each unit includes reception, multiple offices, break area, restroom, and a covered front entry; Approximately 1,250 sq ft under roof per unit and 5 parking spaces per unit
    (469) 688-8664
    We can help!
    Listing Contact
    Toni Spray
    Real Estate License ID: 0492686
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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