Flex Space with
For Sale
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13306-13306 State Highway 110 S, Tyler, TX 75707
Office/showroom areas and grade-level access support adaptable occupancy for investors or owner-occupants.
Property Size17,590 SF
Price / SF$79.53
Days on Market137
Property Features for 13306-13306 State Highway 110 S
General Information
Standard status
Active
Size
17,590 SF
Property subtype
INDUSTRIAL
Occupancy
86%
Additional Details
Drive-In Doors
8
Office Units
4
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Moodyscre
Added: May 6
Changed: Sep 12
Last Checked: Sep 19 at 12:25PM
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 Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
This flex property combines office/showroom space with warehouse areas across two buildings totaling 17,590 square feet. The layout includes 8 grade-level doors, and suites can be leased individually or combined. Building 1 contains 9,009 square feet and is leased through 3/31/28. Building 2 totals 8,581 square feet and includes a 2,409-square-foot vacant suite, a 1,259-square-foot suite leased through 5/31/27, and a 4,913-square-foot suite leased through 7/31/28 with two five-year renewal options.
The property is located at 13306-13306 State Highway 110 S in Tyler, Texas, outside city limits with no zoning. Current occupancy is 86.3%, supporting both investor and owner-occupant considerations.
The property is located at 13306-13306 State Highway 110 S in Tyler, Texas, outside city limits with no zoning. Current occupancy is 86.3%, supporting both investor and owner-occupant considerations.
Key Highlights
- 17,590‑square‑foot flex property across two buildings
- 8 grade‑level doors serving office/showroom and warehouse areas
- 86.3% occupancy
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
$91,378
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
6.53%
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%
$1,827,560
$1.8M
Cap Rate 7%
$1,305,400
$1.3M
Cap Rate 9%
$1,015,311
$1.0M
Market Conditions
NOI Build-Up for 17,590 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
$116.1K $6.60/SF
− Vacancy
−$8.6K −$0.49/SF
EGI
$107.5K $6.11/SF
− OpEx
−$16.1K −$0.92/SF
NOI
$91.4K $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%
$1,827,560
Cap Rate 7%
$1,305,400
Cap Rate 9%
$1,015,311
Alternative Uses
Best Use
Office B
$3.03M
$2.66M – $3.54M
NOI $212,436 @ 7.0% cap · market cap 15.18%
Second Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,378 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,821 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Drive-in doors
4
Office units
86.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Office/showroom areas and grade-level access support adaptable occupancy for investors or owner-occupants.
Where is this flex space located?
The property is located at 13306-13306 State Highway 110 S Tyler, TX.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 17,590‑square‑foot flex property across two buildings; 8 grade‑level doors serving office/showroom and warehouse areas; 86.3% occupancy
