Open-Layout Office
For Sale
Contact for pricing
297 FM 1903 #600, Greenville, TX 75402
Commercial-use space includes a private office, a rear room, and a bathroom.
Property Size1,250 SF
Price / SF$1.12
Days on Market10
Property Features for 297 FM 1903 #600
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
2022
Listing Agency:
Exit Realty Pinnacle Group
(903) 356-4700
Listed By:
Larry Chreene · License #0594287
(214) 850-7411
Source:
Magnorumrealty
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 4 at 8:31AM
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 Exit Realty Pinnacle Group
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.
This 1,250-square-foot office unit has an open layout, one enclosed office, a rear room, and one bathroom. Built in 2022, the space is designated for commercial use only.
Key Highlights
- 1,250 square feet of office space
- Open layout with one private office and a rear room
- One bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
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 1,132.29%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 6,210.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
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 - Commercial-use space includes a private office, a rear room, and a bathroom.
Where is this office unit located?
The property is located at 297 FM 1903 #600 Greenville, TX.
What are key features of this property?
This property features: 1,250 square feet of office space; Open layout with one private office and a rear room; One bathroom
