Building Details

Building Size 3,431 SF

Stories 1

Listed By: Blake Nelson · License #TX #634729 Show Phone

Source: Draketexas

Added: May 17 Changed: Oct 10 Last Checked: Oct 20 at 5:20PM

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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 Blake Nelson

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,431-square-foot medical office property is described as well-configured and turnkey. The single-story design supports an efficient, straightforward layout for everyday patient and staff flow. Landscaped grounds and a polished exterior presentation are included, along with a dedicated parking lot intended to improve convenience for tenants and visitors.

The building is conveniently located in Tyler’s hospital district, aligning it with a healthcare-focused surrounding environment and accessibility needs.

Offered for sale, this property presents a fully set-up option for an investor or operator seeking a ready-to-use medical office configuration.

Key Highlights

• 3,431 SF single‑story medical office space in Tyler’s hospital district
• Single‑story design with an efficient, well‑configured floorplan
• Dedicated parking lot for tenants and visitors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,501

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,020 $830.0K

Cap Rate 7%

$592,871 $592.9K

Cap Rate 9%

$461,122 $461.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,431 SF

Gross rent

$72.1K $21.00/SF

− Vacancy

−$2.9K −$0.84/SF

EGI

$69.2K $20.16/SF

− OpEx

−$27.7K −$8.06/SF

NOI

$41.5K $12.10/SF

Area

Tyler, TX

Vacancy

4.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,020

Cap Rate 7%

$592,871

Cap Rate 9%

$461,122

Alternative Uses

Best Use

Healthcare Medical

$592.9K

$518.8K – $691.7K (±1% cap)

NOI $41,501 @ 7.0% cap · market cap 5.12%

Second Best

Office B

$592.0K

$518.0K – $690.6K (±1% cap)

NOI $41,437 @ 7.0% cap · market cap 5.11%

Theoretical Best

Office A

$765.8K

$670.1K – $893.4K (±1% cap)

NOI $53,605 @ 7.0% cap · market cap 6.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Storage Facility Carpet & Flooring Store Locksmith Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,252

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 75701, TX

34,502

Population

14,630

Households

2.4

Avg Household Size

35

Median Age

29%

College-Educated

89%

High-School Grad

14.1 sq mi

ZIP Area

2,447

Density / Sq Mi

$62,091

Median Household Income

$29,448

Median Earnings

$1,250

Median Rent

$190,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Single-story 3,431 SF medical office suite with dedicated parking lot and landscaped grounds for patients and visitors.

Where is this medical office space located?

The property is located at 1321 Doctors Drive Tyler, TX.

What is the asking price?

The asking price for this property is $810,836.

What are key features of this property?

This property features: 3,431 SF single‑story medical office space in Tyler’s hospital district; Single‑story design with an efficient, well‑configured floorplan; Dedicated parking lot for tenants and visitors