New Office Condo
402-2200 Traders Rd Greenville, TX 75402
For Sale
$399,000
Newly built office condos feature reception, multiple offices, break area, restrooms, and a covered front entry.
Property Size1,250 SF
Price / SF$319.20
Days on Market308
Property Features for 402-2200 Traders Rd
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Sep 20, 2025
Changed: Jul 21
Last Checked: Jul 23 at 10:26PM
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
Investment Insights
Based on property information with market context.
This newly built office condo property is being constructed as professional office space and includes a reception area, multiple offices, a break area, and restrooms. Each unit also features a covered front entry, with approximately 1,250 square feet under roof. The building configuration is planned for small office suites, and each unit is allocated 5 parking spaces.
Construction is underway, with slabs poured between Sept 19 and Sept 30, and units are expected to be available by January 2026. The property is located in Greenville, about 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, FM 1570, and more.
The offering includes 20 units total, with 18 left to choose from at this time. A whole building option is also available at 4,996 square feet. Association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing.
Construction is underway, with slabs poured between Sept 19 and Sept 30, and units are expected to be available by January 2026. The property is located in Greenville, about 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, FM 1570, and more.
The offering includes 20 units total, with 18 left to choose from at this time. A whole building option is also available at 4,996 square feet. Association fees are listed at $300 per month, and a $3,600 capital assessment is due at closing.
Key Highlights
- Newly built office condo design with reception, multiple offices, break area, and restrooms
- Covered front entry with approximately 1,250 SF under roof per unit
- 5 parking spaces per unit
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $21.96 |
| − Vacancy | −$6.3k | −$5.05 |
| EGI | $21.1k | $16.91 |
| − OpEx | −$5.3k | −$4.23 |
| NOI | $15.9k | $12.68 |
1,250 SF · lease $21.96/SF/yr · vacancy 23.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Newly built office condos feature reception, multiple offices, break area, restrooms, and a covered front entry.
Where is this office units located?
The property is located at 402-2200 Traders Rd 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: Newly built office condo design with reception, multiple offices, break area, and restrooms; Covered front entry with approximately 1,250 SF under roof per unit; 5 parking spaces per unit
