New Office Condos For
For Sale
$399,000
502-2200 Traders Rd, Greenville, TX 75402
New office condos with easy access, available January 2026.
Property Size1,250 SF
Price / SF$319.20
Days on Market397
Property Features for 502-2200 Traders Rd
General Information
Standard status
Active
Size
1,250 SF
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Sep 22, 2025
Changed: Oct 12
Last Checked: Oct 21 at 1:37AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,040
$317.0K
Cap Rate 7%
$226,457
$226.5K
Cap Rate 9%
$176,133
$176.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.5K $21.96/SF
− Vacancy
−$6.3K −$5.05/SF
EGI
$21.1K $16.91/SF
− OpEx
−$5.3K −$4.23/SF
NOI
$15.9K $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 Rate 5%
$317,040
Cap Rate 7%
$226,457
Cap Rate 9%
$176,133
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - New office condos with easy access, available January 2026.
Where is this office unit 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.
