Turnkey Industrial Flex
For Sale
Contact for pricing
4612 CO RD 2200, Greenville, TX 75402
Industrial flex facility with executive office space, insulated warehouse, secured fenced yard, and multiple overhead roll-up doors.
Property Size6,250 SF
Lot Size1.50 Acres
Price / SF$260
Days on Market53
Property Features for 4612 CO RD 2200
General Information
Standard status
Active
Size
6,250 SF
Class
B
Lot size
1.50 Acres
Property subtype
Industrial, Mixed Use, Office
Zoning
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Drive-In Doors
3
Building Details
Year Built
2015
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
KW Commercial Rockwall
(972) 772-7000
Listed By:
cindy miller · License #TX 0481033
Source:
Crexi
Added: Jul 2
Changed: Aug 14
Last Checked: Aug 22 at 4:27PM
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 KW Commercial Rockwall
Investment Insights
Based on property information with market context.
This turnkey industrial flex facility combines a dedicated executive office area with a functional insulated warehouse and protected outdoor space. The property includes a 2,000 SF executive office suite with a reception area, four offices configured as two executive offices, a conference room and file room, a kitchenette, and a restroom with shower, finished with engineered hardwood flooring. Behind the warehouse, there is an approximately 4,250 SF insulated warehouse with epoxy flooring, an open work area, and additional office space plus a half bath. The warehouse is served by three overhead roll-up doors, and there is a large covered side awning that supports a protected outdoor workspace. The site features an 8-foot ornamental black fence with a remote powered entry gate and a fully fenced graveled yard suitable for fleet vehicles, trailers, equipment, parking, and outdoor storage.
Located outside city limits in Greenville’s industrial corridor, the property provides convenient access to I-30. The yard is secured and designed to support operations that require controlled entry and practical space for vehicles and equipment.
The layout is well suited for owner-operators and tenants needing both office functionality and warehouse utility, with dedicated office rooms, controlled access, and multiple loading doors. Remaining office furniture is negotiable, and buyers or buyers’ agents are advised to verify all information pertaining to the property, including the online survey.
Located outside city limits in Greenville’s industrial corridor, the property provides convenient access to I-30. The yard is secured and designed to support operations that require controlled entry and practical space for vehicles and equipment.
The layout is well suited for owner-operators and tenants needing both office functionality and warehouse utility, with dedicated office rooms, controlled access, and multiple loading doors. Remaining office furniture is negotiable, and buyers or buyers’ agents are advised to verify all information pertaining to the property, including the online survey.
Key Highlights
- Turnkey industrial flex facility built in 2015 on 1.50 secure acres outside city limits
- 6,250 SF total building with 2,000 SF executive office suite and approximately 4,250 SF insulated warehouse
- Warehouse features epoxy floors, 3 overhead roll‑up doors, and includes 2 additional warehouse offices plus a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,500
$916.5K
Cap Rate 7%
$654,643
$654.6K
Cap Rate 9%
$509,167
$509.2K
Market Conditions
NOI Build-Up for 6,250 SF
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.
Gross rent
$75.0K $12.00/SF
− Vacancy
−$4.5K −$0.72/SF
EGI
$70.5K $11.28/SF
− OpEx
−$24.7K −$3.95/SF
NOI
$45.8K $7.33/SF
Area
Hunt County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$916,500
Cap Rate 7%
$654,643
Cap Rate 9%
$509,167
Alternative Uses
Best Use
Industrial
$6.21M
$5.43M – $7.25M
NOI $434,727 @ 7.0% cap · market cap 26.75%
Second Best
Flex RnD
$654.6K
$572.8K – $763.8K
NOI $45,825 @ 7.0% cap · market cap 2.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex facility with executive office space, insulated warehouse, secured fenced yard, and multiple overhead roll-up doors.
Where is this flex space located?
The property is located at 4612 CO RD 2200 Greenville, TX.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Turnkey industrial flex facility built in 2015 on 1.50 secure acres outside city limits; 6,250 SF total building with 2,000 SF executive office suite and approximately 4,250 SF insulated warehouse; Warehouse features epoxy floors, 3 overhead roll‑up doors, and includes 2 additional warehouse offices plus a half bath
