Turnkey Medical Office
For Sale
$810,836
1321 Doctors Drive, Tyler, TX 75701
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 Market112
Property Features for 1321 Doctors Drive
General Information
Standard status
Active
Size
3,431 SF
Property subtype
Medical Office
Amenities
dedicated parking lot
landscaped grounds
Building Details
Building Size
3,431 SF
Stories
1
Listed By:
Blake Nelson · License #TX #634729
(903) 200-6743
Source:
Draketexas
Added: May 17
Changed: Aug 8
Last Checked: Sep 5 at 5:10AM
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
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
$41,501
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
5.12%
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%
$830,020
$830.0K
Cap Rate 7%
$592,871
$592.9K
Cap Rate 9%
$461,122
$461.1K
Market Conditions
NOI Build-Up for 3,431 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
$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 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%
$830,020
Cap Rate 7%
$592,871
Cap Rate 9%
$461,122
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
