Four-Unit Condominium in Gated
For Sale
Contact for pricing
1212 Centennial Trail, Tyler, TX 75703
Four modern condos in a secure, gated community.
Property Size8,139 SF
Price / SF$159.60
Days on Market194
Property Features for 1212 Centennial Trail
General Information
Standard status
Active
Size
8,139 SF
Property subtype
Multifamily
Zoning
PMF
Building Details
Year Built
2023
Listing Agency:
Burns Commercial Properties
(903) 534-1200
Listed By:
Aaron Uncapher · License #670627 TX
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 11:38AM
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 Burns Commercial Properties
Investment Insights
Based on property information with market context.
This four-unit condominium, situated in a quiet area next to Cumberland Village, presents an owner-user and investment opportunity. Located within a secure, gated community, the property offers a modern style with spacious interiors. The living rooms are designed to be large and cozy, featuring fireplaces that seamlessly connect to the dining areas. Each unit includes a convenient half bathroom and a laundry room equipped with washer and dryer hookups. The main bedrooms, located upstairs, offer private balconies. Attached bathrooms feature double sinks, large showers, and walk-in closets. Additionally, there are two more bedrooms upstairs, each with ample closet space, and another full bathroom. Each unit is equipped with a new hot water heater and a two-car garage. The private, fenced backyard includes a gas hookup. Each unit features an advanced security system. Located in the Centennial Trail community, the property is near Christus Hospital, retail and dining options at the Village at Cumberland Park, and provides easy access to Broadway Avenue and Toll 49. The property size is 8139 square feet.
Key Highlights
- New 4‑unit condominium in a secure, gated community.
- Investment opportunity with potential for owner occupancy.
- Each unit features a private fenced backyard with gas hookup and a two‑car garage.
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
$73,512
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
5.66%
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%
$1,470,240
$1.5M
Cap Rate 7%
$1,050,171
$1.1M
Cap Rate 9%
$816,800
$816.8K
Market Conditions
NOI Build-Up for 8,139 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
$112.3K $13.80/SF
− Vacancy
−$7.3K −$0.90/SF
EGI
$105.0K $12.90/SF
− OpEx
−$31.5K −$3.87/SF
NOI
$73.5K $9.03/SF
Area
Tyler, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,470,240
Cap Rate 7%
$1,050,171
Cap Rate 9%
$816,800
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.9K – $1.23M
NOI $73,512 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$984.2K
$861.2K – $1.15M
NOI $68,893 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,161 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four modern condos in a secure, gated community.
Where is this quadplex located?
The property is located at 1212 Centennial Trail Tyler, TX.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: New 4‑unit condominium in a secure, gated community.; Investment opportunity with potential for owner occupancy.; Each unit features a **private fenced backyard with gas hookup and a two‑car garage.**
