Fenced Industrial Flex
For Sale
$1,625,000
4612 County Road 2200, Greenville, TX 75402
Office and warehouse areas are paired with secure outdoor space for vehicles, trailers, equipment, and storage.
Property Size6,250 SF
Lot Size1.50 Acres
Price / SF$260
Days on Market42
Property Features for 4612 County Road 2200
General Information
Standard status
Active
Size
6,250 SF
Lot size
1.50 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
4,250 SF
Office Build-Out
2,000 SF
Amenities
reception area
conference room
file room
kitchenette
restroom with shower
covered side awning
fenced yard
Building Details
Year Built
2015
Buildings
1
Building Size
6,250 SF
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Cindy Miller · License #0481033
Source:
Heritance
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 25 at 4:50AM
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 Keller Williams Rockwall
Investment Insights
Based on property information with market context.
Built in 2015, this flex facility combines a 2,000 SF executive office suite with an approximately 4,250 SF insulated warehouse. The office area includes reception, four offices configured as two executive offices, a conference room, file room, kitchenette, restroom with shower, and engineered hardwood flooring. Warehouse improvements include epoxy floors, three overhead roll-up doors, two warehouse offices, a half bath, and open work space. A covered side awning extends the usable work area.
The property occupies 1.50 secure acres outside city limits and is enclosed by an 8-foot ornamental black fence with a remote-powered entry gate. The graveled yard provides space for fleet vehicles, trailers, equipment, parking, and outdoor storage. The facility is located near I-30 in the Greenville area. Remaining office furniture is negotiable.
The property occupies 1.50 secure acres outside city limits and is enclosed by an 8-foot ornamental black fence with a remote-powered entry gate. The graveled yard provides space for fleet vehicles, trailers, equipment, parking, and outdoor storage. The facility is located near I-30 in the Greenville area. Remaining office furniture is negotiable.
Key Highlights
- 1.50 secure acres outside city limits
- 6,250 SF flex facility with office and warehouse improvements
- 2,000 SF executive office suite with reception, conference room, kitchenette, and restroom with shower
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
$79,262
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
4.88%
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%
$1,585,240
$1.6M
Cap Rate 7%
$1,132,314
$1.1M
Cap Rate 9%
$880,689
$880.7K
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
$137.3K $21.96/SF
− Vacancy
−$31.6K −$5.05/SF
EGI
$105.7K $16.91/SF
− OpEx
−$26.4K −$4.23/SF
NOI
$79.3K $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 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%
$1,585,240
Cap Rate 7%
$1,132,314
Cap Rate 9%
$880,689
Alternative Uses
Best Use
Industrial
$6.21M
$5.43M – $7.25M
NOI $434,727 @ 7.0% cap · market cap 26.75%
Second Best
Office B
$1.13M
$990.8K – $1.32M
NOI $79,262 @ 7.0% cap · market cap 4.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with secure outdoor space for vehicles, trailers, equipment, and storage.
Where is this flex space located?
The property is located at 4612 County Road 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: 1.50 secure acres outside city limits; 6,250 SF flex facility with office and warehouse improvements; 2,000 SF executive office suite with reception, conference room, kitchenette, and restroom with shower
