Flex Warehouse with Dock-High
124 Golf Ave, Tyler, TX 75702
For Sale
New
Contact for pricing
Two warehouse buildings offer divisible suites, multiple loading options, and a mix of leased and vacant space.
Property Size10,000 SF
Lot Size1.01 Acres
Price / SF$65
Days on Market7
Property Features for 124 Golf Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Net Operating Income
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Sprinkler System
Additional Details
Cap Rate
Road Access
Tenant in Place
Property Use
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License TX #687976
(903) 570-7366
Source:
Crexi
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 7:51AM
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 Scarborough Commercial Real Estate
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Investment Insights
Based on property information with market context.
At 124 Golf Avenue, two single-story flex warehouse buildings contain 10,000 square feet across 10 divisible units on 1.007 acres. Units of 1,000 and 800 square feet can be combined or kept separate. The buildings have 11 dock-high doors, 11 grade-level doors, approximately 18-foot clear heights, a fire sprinkler system, and 15 parking spaces.
Seven units are leased under gross leases, while three are vacant. The property has a 5.78% cap rate based on current occupancy and an 8.41% stabilized cap rate. It is in Tyler’s C2 General Commercial District and has 180 feet of frontage on Erwin Street, with access from that street. Willowbrook Country Club is across Erwin Street.
Seven units are leased under gross leases, while three are vacant. The property has a 5.78% cap rate based on current occupancy and an 8.41% stabilized cap rate. It is in Tyler’s C2 General Commercial District and has 180 feet of frontage on Erwin Street, with access from that street. Willowbrook Country Club is across Erwin Street.
Key Highlights
- 10,000 square feet in two single‑story buildings on 1.007 acres
- 10 divisible units, including 1,000‑square‑foot and 800‑square‑foot configurations
- 11 dock‑high doors and 11 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,949
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,980
$1.0M
Cap Rate 7%
$742,129
$742.1K
Cap Rate 9%
$577,211
$577.2K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$66.0K $6.60/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$61.1K $6.11/SF
− OpEx
−$9.2K −$0.92/SF
NOI
$51.9K $5.19/SF
Area
Tyler, TX
Vacancy
7.40%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,980
Cap Rate 7%
$742,129
Cap Rate 9%
$577,211
Alternative Uses
Best Use
Warehouse
$742.1K
$649.4K – $865.8K
NOI $51,949 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$611.2K
$534.8K – $713.0K
NOI $42,781 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,237 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
11
Dock-high doors
11
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Smith County, TX
Properties on Market for Flex space in Smith County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two warehouse buildings offer divisible suites, multiple loading options, and a mix of leased and vacant space.
Where is this flex space located?
The property is located at 124 Golf Ave Tyler, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 10,000 square feet in two single‑story buildings on 1.007 acres; 10 divisible units, including 1,000‑square‑foot and 800‑square‑foot configurations; 11 dock‑high doors and 11 grade‑level doors
