Listing Agency: Scarborough Commercial Real Estate, LLC Show Phone

Listed By: Samuel Scarborough · License #687976 Show Phone

Source: Moodyscre

Added: Apr 18, 2025 Changed: Aug 8 Last Checked: Jul 25 at 6:30AM

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Investment Insights

Based on property information with market context.

This industrial property, located at 427 S Glenwood Blvd in Tyler, Texas, offers 9,600 square feet of space. The property is suitable for industrial use.

Key Highlights

• 9,600 SF industrial property
• Located in Tyler, Texas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,070

Cap Rate

3.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$821,400 $821.4K

Cap Rate 7%

$586,714 $586.7K

Cap Rate 9%

$456,333 $456.3K

Market Conditions

NOI Build-Up for 9,600 SF

Gross rent

$63.4K $6.60/SF

− Vacancy

−$4.7K −$0.49/SF

EGI

$58.7K $6.11/SF

− OpEx

−$17.6K −$1.83/SF

NOI

$41.1K $4.28/SF

Area

Tyler, TX

Vacancy

7.40%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$821,400

Cap Rate 7%

$586,714

Cap Rate 9%

$456,333

Alternative Uses

Best Use

Industrial

$586.7K

$513.4K – $684.5K (±1% cap)

NOI $41,070 @ 7.0% cap · market cap 3.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,988 @ 7.0% cap · market cap 13.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Southland Ag & Outdoors Pet Store & Service

Suggested Use

Top Pick Pharmacy Dental Office (Bike/Boat/Book/etc) Store Storage Facility Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

648

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - 9,600 SF industrial property available in Tyler, Texas.

Where is this industrial property located?

The property is located at 427 S Glenwood Blvd Tyler, TX.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: 9,600 SF industrial property; Located in Tyler, Texas