Turnkey Medical Office
1321 Doctors Drive Tyler, TX 75701
1321 Doctors Drive, Tyler, TX, 75701
$810,836
For Sale
$810,836
Single-story 3,431 SF medical office suite with dedicated parking lot and landscaped grounds for patients and visitors.
Property Size3,431 SF
Price / SF$236.33
Days on Market67
Property Features for 1321 Doctors Drive
General Information
- Standard status
- Active
- Size
- 3,431 SF
- Property subtype
- Medical Office
Listing agency
(903) 200-6743
Listed by
Blake Nelson · License #TX #634729
Source
Draketexas
Added: May 17 Updated: Jul 22 at 8:14AM Checked: Jul 22 at 8:14AM
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
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.
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
Local Financial Insights For Healthcare Medical
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 | $72.1k | $21.00 |
| − Vacancy | −$2.9k | −$0.84 |
| EGI | $69.2k | $20.16 |
| − OpEx | −$27.7k | −$8.06 |
| NOI | $41.5k | $12.10 |
3,431 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$592.9K
$518.8K – $691.7K
NOI $41,501 @ 7.0% cap · market cap 5.12%
Second Best
Office B
$592.0K
$518.0K – $690.6K
NOI $41,437 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$765.8K
$670.1K – $893.4K
NOI $53,605 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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
