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    Office Suites with Multiple Private Offices Title is generated by Realmo AI

    1404 Rice Road, Tyler, TX 75703

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    For Sale
    $445,000

    SINGLE_FAMILY - Tyler, TX

    Type:Office
    Property size:
    2,880 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $154/SF
    Added:
    Apr 29, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 1404 Rice Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    R144427
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate, Tile, Carpet
    Building materials
    Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Christopher Wiesinger
    Christopher Wiesinger

    Listing agent Christopher Wiesinger License #9007381

    Listing office One Rock Tyler, TX

    Listing date Apr 29, 2026

    MLS# 20981017

    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.

    HighLights

    • Total 2,880 SF office space offered as Suites 200 & 300 combined
    • Suite layout includes 7 offices, waiting area, reception, break room, conference room, and three rest rooms
    • Central air conditioning with electric heating and electric cooling systems
    • Built in 2007; exterior stucco construction and composition roof
    • Utilities include public water and public sewer
    • Flooring includes laminate, carpet, and tile

    Overview

    Well-maintained office suites comprising Suites 200 and 300, totaling 2,880 square feet. The interior is designed for day-to-day productivity and includes seven offices, waiting areas, a reception area, a break room, a conference room, and three restrooms. The space is described as bright with ample natural light, and the overall layout supports multiple working styles while remaining flexible for different business needs.

    Located at 1404 Rice Road in Tyler, the property is positioned in a high-visibility area with easy access to major roads. Nearby dining and general amenities add to the convenience for both staff and visitors.

    These suites are a practical fit for professional and office-oriented users, including consulting firms, tech startups, and medical practices. With the mix of reception and waiting areas alongside private offices and a conference room, the configuration can work for teams that need client-facing space while still supporting internal meetings and collaboration. For buyers or operators seeking an immediately usable office environment, Suites 200 and 300 offer a straightforward option to establish or expand operations in a convenient, move-in ready setting.

    Local Financial Insights For Healthcare Medical

    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 $60.5k $21.00
    − Vacancy −$2.4k −$0.84
    EGI $58.1k $20.16
    − OpEx −$23.2k −$8.06
    NOI $34.8k $12.10
    2,880 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $497.7K
    $435.5K – $580.6K (±1% cap)
    NOI $34,836 @ 7.0% cap · market cap 7.83%
    Second Best
    Office B
    $496.9K
    $434.8K – $579.7K (±1% cap)
    NOI $34,782 @ 7.0% cap · market cap 7.82%
    Theoretical Best
    Office A
    $642.8K
    $562.5K – $749.9K (±1% cap)
    NOI $44,996 @ 7.0% cap · market cap 10.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    William Hopson, DC Alternative Medicine Practice Massage by Lisa ... Alternative Medicine Practice Hopson Chiropractic - Tyler Alternative Medicine Practice Massage by Lisa ... Alternative Medicine Practice Kathryn Bell Foster Care Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3215076
    Latitude
    32.2911803

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    FAQs

    What type of property is this?
    Office units - Move-in ready suites offering private offices, conference room, and multiple restrooms for professional or medical uses.
    Where is this office units located?
    The property is located at 1404 Rice Road Tyler, TX.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Total 2,880 SF office space offered as Suites 200 & 300 combined; Suite layout includes 7 offices, waiting area, reception, break room, conference room, and three rest rooms; Central air conditioning with electric heating and electric cooling systems
    (214) 683-0567
    We can help!
    Listing Contact
    Christopher Wiesinger
    Christopher Wiesinger
    Real Estate License ID: 9007381
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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