Medical-Use Office Suite with
1404 Rice Road Tyler, TX 75703
1404 Rice Road, Tyler, TX, 75703
$421,000
For Sale
$421,000
SINGLE_FAMILY - Tyler, TX
Property Size2,880 SF
Lot Size0.07 Acres
Price / SF$146.18
Days on Market34
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
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Laminate, Carpet
- Building materials
- Stucco
- Roof type
- Composition
Listing agency
One Rock
(903) 594-4848
Listed by
Christopher Wiesinger · License #9007381
(214) 683-0567
Added: Jun 19 Updated: Jul 11 at 11:32AM Checked: Jul 22 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This property consists of office suites 200 and 300 sold together, totaling 2,880 SF and presented as move-in ready. The configuration includes seven offices, waiting areas, a reception area, a break room, a conference room, and three restrooms. The interior is designed to support a range of professional workflows, with multiple room options for client-facing use and day-to-day operations.
Located in a high-visibility area with easy access to major roads, the suites are positioned for convenient visits from clients and staff. The listing also notes nearby dining and other amenities, supporting everyday needs for employees and guests.
The space is well suited for businesses seeking a multi-office layout with dedicated areas for reception and waiting, as well as meeting and staff functions. Professional offices, consulting firms, and tech-oriented teams are specifically referenced in the listing, and medical practices are also contemplated given the medical office space classification and client-facing rooming. For buyers or tenants looking for an office setup that can accommodate multiple roles under one roof, suites 200 and 300 provide a practical combination of private rooms and shared support spaces.
Located in a high-visibility area with easy access to major roads, the suites are positioned for convenient visits from clients and staff. The listing also notes nearby dining and other amenities, supporting everyday needs for employees and guests.
The space is well suited for businesses seeking a multi-office layout with dedicated areas for reception and waiting, as well as meeting and staff functions. Professional offices, consulting firms, and tech-oriented teams are specifically referenced in the listing, and medical practices are also contemplated given the medical office space classification and client-facing rooming. For buyers or tenants looking for an office setup that can accommodate multiple roles under one roof, suites 200 and 300 provide a practical combination of private rooms and shared support spaces.
Key Highlights
- Office suites 200 & 300 combined total 2,880 SF for sale or lease
- Layout includes 7 offices, reception, waiting areas, conference room, break room, and 3 restrooms
- Built in 2007 with stucco exterior, composition roof, and interior flooring of tile, laminate, and carpet
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
NOI $34,836 @ 7.0% cap · market cap 8.27%
Second Best
Office B
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Office units - Move-in ready suites offer seven offices, reception, conference room, break room, and three restrooms for professional teams.
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 $421,000.
What are key features of this property?
This property features: Office suites 200 & 300 combined total 2,880 SF for sale or lease; Layout includes 7 offices, reception, waiting areas, conference room, break room, and 3 restrooms; Built in 2007 with stucco exterior, composition roof, and interior flooring of tile, laminate, and carpet
