Secure Fenced Flex
For Sale
$1,625,000
4612 County Road 2200, Greenville, TX 75402
CommercialSale, Greenville, TX
Property Size6,250 SF
Lot Size1.50 Acres
Price / SF$260
Days on Market48
Property Features for 4612 County Road 2200
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial Building
Parking features
Parking Lot, Secured, RV, Open
Security features
Security
Subdivision
Cash Blue Park Ph 1
Lot features
Acreage, Interior Lot
Directions
I-30 EAST TO FM 1903 SOUTH TO HIGHWAY 34 TURN RIGHT FIRST STREET ON RIGHT CR 2200 PAST FM 1903
Standard status
Active
APN
222562
Lot size
1.50 Acres
Utilities
Sewer type
Aerobic Septic, Septic Tank
Heating system
Central
Cooling system
ENERGY STAR Qualified Equipment, Ceiling Fan(s), Central Air
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Flooring type
Engineered, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Keller Williams Rockwall · Keller Williams Realty
(972) 772-7000
Listed By:
Cindy Miller · License #0481033
(972) 772-7000
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 23 at 4:06PM
MLS# 21319169
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.
Investment Insights
Based on property information with market context.
This flex facility, built in 2015, combines a 2,000-square-foot executive office suite with an approximately 4,250-square-foot insulated warehouse. The office component includes reception, four offices configured as two executive offices, a conference room, file room, kitchenette, and a restroom with shower. Engineered hardwood and tile flooring are installed across the office areas. The warehouse provides epoxy flooring, three overhead roll-up doors, two additional offices, and a half bath. A covered side awning adds sheltered exterior work area.
The property occupies 1.50 acres outside city limits and is enclosed by an 8-foot ornamental metal fence with a remote-operated entry gate. A secured, graveled yard provides space for fleet vehicles, trailers, equipment, parking, and outdoor storage. Central heating and air conditioning serve the improvements, with ceiling fans and ENERGY STAR qualified cooling equipment. The site uses aerobic septic and a septic tank, with a metal roof and metal siding. Access to I-30 is noted in the property information.
The property occupies 1.50 acres outside city limits and is enclosed by an 8-foot ornamental metal fence with a remote-operated entry gate. A secured, graveled yard provides space for fleet vehicles, trailers, equipment, parking, and outdoor storage. Central heating and air conditioning serve the improvements, with ceiling fans and ENERGY STAR qualified cooling equipment. The site uses aerobic septic and a septic tank, with a metal roof and metal siding. Access to I-30 is noted in the property information.
Key Highlights
- 6,250 SF flex facility built in 2015
- 2,000 SF office suite with reception, four offices, conference room, file room, kitchenette, and shower restroom
- Approximately 4,250 SF insulated warehouse with epoxy floors and 3 overhead roll‑up doors
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
98
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combined office, warehouse, and secured yard improvements support varied commercial operations outside city limits.
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: 6,250 SF flex facility built in 2015; 2,000 SF office suite with reception, four offices, conference room, file room, kitchenette, and shower restroom; Approximately 4,250 SF insulated warehouse with epoxy floors and 3 overhead roll‑up doors
