Air-Conditioned Flex
For Sale
$249,900
12513 County Road 1114, Tyler, TX 75709
Metal construction includes a kitchen, restroom with standing shower, and rear shop area.
Property Size2,700 SF
Price / SF$92.56
Days on Market25
Property Features for 12513 County Road 1114
General Information
Standard status
Active
Size
2,700 SF
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$1,726
Amenities
kitchen
bathroom with standing shower
shop
Building Details
Building Size
2,700 SF
Construction
metal
Listing Agency:
Our Texas Real Estate Group
(903) 422-4326
Listed By:
Merrandie Saenz · License #0709066
(903) 422-4326
Source:
Exprealty
Added: Aug 5
Changed: Aug 22
Last Checked: Aug 29 at 12:27PM
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 Our Texas Real Estate Group
Investment Insights
Based on property information with market context.
This 2700 sq ft flex property is a metal building configured for commercial operations, with a kitchen, bathroom, and standing shower. The interior is fully air conditioned, while a shop area behind the main building includes airlines for equipment use.
The property occupies just over a half acre at 12513 County Road 1114 in Tyler, Texas. Its position just off Hwy 155 and near the loop provides established road access. The building previously accommodated a fire extinguisher business, offering a documented commercial-use history for the site.
The property occupies just over a half acre at 12513 County Road 1114 in Tyler, Texas. Its position just off Hwy 155 and near the loop provides established road access. The building previously accommodated a fire extinguisher business, offering a documented commercial-use history for the site.
Key Highlights
- 2700 sq ft metal flex building
- Just over a half acre
- Fully air conditioned interior
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
$14,026
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
5.61%
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%
$280,520
$280.5K
Cap Rate 7%
$200,371
$200.4K
Cap Rate 9%
$155,844
$155.8K
Market Conditions
NOI Build-Up for 2,700 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
$17.8K $6.60/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$16.5K $6.11/SF
− OpEx
−$2.5K −$0.92/SF
NOI
$14.0K $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 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%
$280,520
Cap Rate 7%
$200,371
Cap Rate 9%
$155,844
Alternative Uses
Best Use
Warehouse
$200.4K
$175.3K – $233.8K
NOI $14,026 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$165.0K
$144.4K – $192.5K
NOI $11,551 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$602.6K
$527.3K – $703.1K
NOI $42,184 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75709, TX
6,037
Population
3,113
Households
1.9
Avg Household Size
39
Median Age
30%
College-Educated
88%
High-School Grad
20.8 sq mi
ZIP Area
290
Density / Sq Mi
$73,541
Median Household Income
$36,280
Median Earnings
$1,230
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Metal construction includes a kitchen, restroom with standing shower, and rear shop area.
Where is this flex space located?
The property is located at 12513 County Road 1114 Tyler, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2700 sq ft metal flex building; Just over a half acre; Fully air conditioned interior
