Versatile Office Space
1404 Rice Road #200 300 Tyler, TX 75703
1404 Rice Road #200 300, Tyler, TX, 75703
$421,000
For Sale
$421,000
Suites 200 & 300, 2,880 SF, prime location.
Property Size2,880 SF
Price / SF$146.18
Days on Market92
Property Features for 1404 Rice Road #200 300
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
One Rock
(903) 594-4848
Listed by
Christopher Wiesinger · License #0624514
(214) 683-0567
Source
Signaturere
Added: Apr 22 Updated: Jul 6 at 1:52PM Checked: Jul 17 at 10:04AM
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 One Rock
Investment Insights
Based on property information with market context.
Suites 200 and 300 offer a combined 2,880 square feet of commercial space suitable for various professional and office uses. The property is located in a desirable area, providing convenience and accessibility. The suites offer flexibility and layout options to suit various needs, including multiple configuration options to accommodate various business types including: 7 offices, waiting areas, reception area, break room, conference room, three rest rooms. The location provides high visibility with easy access to major roads, dining, and amenities. The suites feature bright, open spaces designed for comfort and productivity. The space is well-maintained and ready for immediate occupancy.
Key Highlights
- Prime Location: High‑visibility area with easy access to major roads, dining, and amenities.
- 2,880 SF Total Area: Suites 200 & 300 combined, offering substantial space.
- Flexible Layout: Multiple configuration options including 7 offices, waiting areas, reception area, break room, conference room, and three restrooms.
Local Financial Insights For Office B
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 | $49.1k | $17.04 |
| − Vacancy | −$2.7k | −$0.94 |
| EGI | $46.4k | $16.10 |
| − OpEx | −$11.6k | −$4.03 |
| NOI | $34.8k | $12.08 |
2,880 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
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
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Suites 200 & 300, 2,880 SF, prime location.
Where is this office units located?
The property is located at 1404 Rice Road #200 300 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: Prime Location: High‑visibility area with easy access to major roads, dining, and amenities.; 2,880 SF Total Area: Suites 200 & 300 combined, offering substantial space.; Flexible Layout: Multiple configuration options including 7 offices, waiting areas, reception area, break room, conference room, and three restrooms.
