Cleared Land with Metal
For Sale
Contact for pricing
12549 State Hwy 64, Tyler, TX 75707
3.618 acres with five metal buildings and utilities.
Property Size9,020 SF
Lot Size3.62 Acres
Price / SF$65.96
Days on Market142
Property Features for 12549 State Hwy 64
General Information
Standard status
Active
Size
9,020 SF
Lot size
3.62 Acres
Property subtype
Office, Industrial, Land
Zoning
F10
Listing Agency:
Burns Commercial Properties
(903) 534-1200
Listed By:
Mark Whatley · License #TX 423898
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 14 at 1:42PM
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 commercial real estate offering features 3.618 acres of fully cleared and level land. The property includes five metal buildings with ceiling heights ranging from under 10 feet to 25 feet. Public water and a conventional septic system are in place, with individual electric meters for each building. The site benefits from frontage on both State Highway 64 and Greenbriar Road, providing multiple access points. Zoned for commercial use, the property offers off-street parking. The buildings are constructed with metal siding. The topography is level, characterized by sandy loam soil. The total size of the buildings is 9,020 square feet.
Key Highlights
- 3.618 acres, fully cleared and level
- Frontage on both State Highway 64 and Greenbriar Road
- Benefit from commercial zoning
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
$38,589
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
6.49%
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%
$771,780
$771.8K
Cap Rate 7%
$551,271
$551.3K
Cap Rate 9%
$428,767
$428.8K
Market Conditions
NOI Build-Up for 9,020 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
$59.5K $6.60/SF
− Vacancy
−$4.4K −$0.49/SF
EGI
$55.1K $6.11/SF
− OpEx
−$16.5K −$1.83/SF
NOI
$38.6K $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 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%
$771,780
Cap Rate 7%
$551,271
Cap Rate 9%
$428,767
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $108,935 @ 7.0% cap · market cap 18.31%
Second Best
Mixed Use
$1.36M
$1.19M – $1.59M
NOI $95,387 @ 7.0% cap · market cap 16.03%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,926 @ 7.0% cap · market cap 23.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 75707, TX
16,620
Population
6,858
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
92%
High-School Grad
52.4 sq mi
ZIP Area
317
Density / Sq Mi
$85,406
Median Household Income
$44,425
Median Earnings
$1,415
Median Rent
$256,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3.618 acres with five metal buildings and utilities.
Where is this mixed-use property located?
The property is located at 12549 State Hwy 64 Tyler, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3.618 acres, fully cleared and level; Frontage on both State Highway 64 and Greenbriar Road; Benefit from commercial zoning
