Historic Office
For Sale
$1,250,000
313 E Charnwood, Tyler, TX 75701
COMMERCIAL - Tyler, TX
Property Size6,698 SF
Lot Size0.84 Acres
Price / SF$186.62
Days on Market146
Property Features for 313 E Charnwood
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Covered
Security features
Security Lighting
Exterior features
Lawn Sprinklers
Fireplace
1
Lot features
Inside City Limits, Major Arteries
Directions
From Downtown Tyler, Go South on Broadway, left on East Charnwood Street. Property is on the right. SIY.
Standard status
Active
Size
6,698 SF
Lot size
0.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Block 260 Lot 3A City of Tyler
Tax Annual Amount
9031
Legal Description
Block 260 Lot 3A City of Tyler
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s)
Cooling system
Central Air, Zoned, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1912
Number of units
19
Building materials
Shingle Siding
Listing Agency:
Better Homes & Gardens Real Estate I-20 Team · Better Homes and Gardens Real Estate
(903) 881-0500
Listed By:
Jeremey Bernard · License #0724140
(903) 376-4045
Added: Mar 16
Changed: Aug 4
Last Checked: Aug 8 at 5:06PM
MLS# 26003715
Copyright © 2026 Greater Tyler Association of Realtors. 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.
Built in 1912, this 6,698-square-foot office property combines a formal front elevation with a flexible interior layout. The building features stately columns, large windows, original woodwork, detailed trim, private offices, meeting areas, and larger gathering spaces. A fireplace, central heating, central air, zoned cooling, electric cooling, and ceiling fans are also present. The property sits on 0.837 acres and includes a garage, covered parking, lawn sprinklers, shingle siding, public water, and public sewer.
Located at 313 E Charnwood in Tyler, Texas, the property offers a distinctive setting for professional office, boutique business, event, or coworking operations, as described by the existing configuration. Its combination of historic architectural elements and adaptable workspace distinguishes it from conventional office interiors.
Located at 313 E Charnwood in Tyler, Texas, the property offers a distinctive setting for professional office, boutique business, event, or coworking operations, as described by the existing configuration. Its combination of historic architectural elements and adaptable workspace distinguishes it from conventional office interiors.
Key Highlights
- 6,698‑square‑foot office building constructed in 1912
- 0.837‑acre property at 313 E Charnwood, Tyler, TX 75701
- Original woodwork, detailed trim, stately columns, and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,840
$1.6M
Cap Rate 7%
$1,155,600
$1.2M
Cap Rate 9%
$898,800
$898.8K
Market Conditions
NOI Build-Up for 6,698 SF
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.
Gross rent
$114.1K $17.04/SF
− Vacancy
−$6.3K −$0.94/SF
EGI
$107.9K $16.10/SF
− OpEx
−$27.0K −$4.03/SF
NOI
$80.9K $12.08/SF
Area
Tyler, TX
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,840
Cap Rate 7%
$1,155,600
Cap Rate 9%
$898,800
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,892 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,648 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Preserved architectural details and flexible interior areas support office, meeting, and gathering functions.
Where is this office building located?
The property is located at 313 E Charnwood Tyler, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,698‑square‑foot office building constructed in 1912; 0.837‑acre property at 313 E Charnwood, Tyler, TX 75701; Original woodwork, detailed trim, stately columns, and large windows
