New Office Condos For
502-2200 Traders Rd Greenville, TX 75402
502-2200 Traders Rd, Greenville, TX, 75402
$399,000
For Sale
$399,000
New office condos with easy access, available January 2026.
Property Size1,250 SF
Price / SF$319.20
Days on Market300
Property Features for 502-2200 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 22, 2025 Checked: Jul 17 at 8:07 pm
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.
These newly built office condos, designed for professionals, will feature a reception area, multiple offices, a break area, a restroom, and a covered front entry. Each unit will offer approximately 1250 square feet under roof and include 5 parking spaces. Located in Greenville, the property is situated 0.5 miles from I30, providing easy access to TH Hwy 34, Roy Warren Parkway, and FM1570. Construction has commenced, with slabs poured between September 19th and September 30th. The units are expected to be available by January 2026. There are 20 units in total, with 18 currently available. Association fees are $300 per month, with a $3600 capital assessment due at closing. The entire building, encompassing 4996 square feet, is also available as an option.
Key Highlights
- Newly built office condos for professionals, approximately 1250 sq ft under roof.
- Convenient Greenville location, only 0.5 miles from I‑30 with easy access to multiple highways.
- Includes reception area, multiple offices, break area, restroom, and covered front entry.
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - New office condos with easy access, available January 2026.
Where is this office units located?
The property is located at 502-2200 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 condos for professionals, approximately 1250 sq ft under roof.; Convenient Greenville location, only 0.5 miles from I‑30 with easy access to multiple highways.; Includes reception area, multiple offices, break area, restroom, and covered front entry.
