Newly Built Office
For Sale
$425,000
503-2200 Traders Rd, Greenville, TX 75402
New office condo build with reception, multiple offices, break area, restrooms, and a covered entry, plus 5 parking spaces per unit.
Property Size1,250 SF
Price / SF$340
Days on Market318
Property Features for 503-2200 Traders Rd
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
5
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Mckinney Real Estate Services
(469) 688-8664
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Sep 22, 2025
Changed: Jul 30
Last Checked: Jul 31 at 1:41PM
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.
Newly built office condos designed for professional use, each unit featuring a reception area, multiple office rooms, a break area, a restroom, and a covered front entry. The project also includes approximately 1,250 SF under roof per unit and five parking spaces per unit.
Construction has begun, with slabs poured from Sept 19 through Sept 30. Units are planned to be available by January 2026. The development includes 20 office condo units, with 18 left to pick from at this time, and a 4,996 SF whole-building option is also available.
The property is located in Greenville, approximately 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, and FM 1570.
Construction has begun, with slabs poured from Sept 19 through Sept 30. Units are planned to be available by January 2026. The development includes 20 office condo units, with 18 left to pick from at this time, and a 4,996 SF whole-building option is also available.
The property is located in Greenville, approximately 0.5 miles from I-30, with easy access to TH Hwy 34, Roy Warren Parkway, and FM 1570.
Key Highlights
- 20 office condo units total, with 18 left to pick from
- Slabs poured Sept 19–Sept 30, with units available by January 2026
- Reception area plus multiple office rooms, break area, and restroom in each unit
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 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 20.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - New office condo build with reception, multiple offices, break area, restrooms, and a covered entry, plus 5 parking spaces per unit.
Where is this office units located?
The property is located at 503-2200 Traders Rd Greenville, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 20 office condo units total, with 18 left to pick from; Slabs poured Sept 19–Sept 30, with units available by January 2026; Reception area plus multiple office rooms, break area, and restroom in each unit
