Flex Property With Warehouse
For Sale
$1,350,000
13306 Hwy 110 S, Tyler, TX 75707
COMMERCIAL - Tyler, TX
Property Size17,590 SF
Lot Size1.52 Acres
Price / SF$76.75
Days on Market336
Property Features for 13306 Hwy 110 S
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Lot features
Inside City Limits, Industrial/ Business Park
Directions
From the intersection of TX-110 S and E Grande Blvd, head north on TX-110 S for approx. 0.62 miles. Property is located on the left.
Standard status
Active
Size
17,590 SF
Lot size
1.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ABST A0327 C DEAN TR 12G (PT OF 1.516AC SEE TR 15A
Legal Description
ABST A0327 C DEAN TR 12G (PT OF 1.516AC SEE TR 15A
Utilities
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Number of units
4
Building materials
Metal Siding
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Mitchell Nejame · License #0728263
(903) 780-9029
Added: Sep 11, 2025
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 25013719
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property comprises two metal-sided buildings totaling 17,590 square feet on 1.516 acres. Building 1 contains 9,009 square feet, including 1,442 square feet of office/showroom area and 7,567 square feet of warehouse/shop space. Its office/showroom component includes 991 square feet downstairs and 451 square feet upstairs, while three oversized overhead doors serve the industrial area.
Building 2 provides 8,581 square feet across three suites. Suites 100 and 200 are vacant, containing 2,409 and 1,259 square feet, respectively. Suite 300 contains 4,913 square feet and is leased through 7/31/28 on a five-year term with two five-year renewal options. The property has eight grade-level doors, central air, electric cooling, public water, and off-street parking. It is located outside city limits with no zoning.
Building 2 provides 8,581 square feet across three suites. Suites 100 and 200 are vacant, containing 2,409 and 1,259 square feet, respectively. Suite 300 contains 4,913 square feet and is leased through 7/31/28 on a five-year term with two five-year renewal options. The property has eight grade-level doors, central air, electric cooling, public water, and off-street parking. It is located outside city limits with no zoning.
Key Highlights
- 17,590‑square‑foot flex property on 1.516 acres
- Two‑building configuration with office, showroom, warehouse, and shop areas
- Building 1 includes 7,567 square feet of warehouse/shop space
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
6.77%
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 15.74%
Second Best
Retail
$2.93M
$2.56M – $3.42M
NOI $204,938 @ 7.0% cap · market cap 15.18%
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,821 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
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, and industrial areas support flexible occupancy for investors or owner-users outside city limits.
Where is this flex space located?
The property is located at 13306 Hwy 110 S Tyler, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 17,590‑square‑foot flex property on 1.516 acres; Two‑building configuration with office, showroom, warehouse, and shop areas; Building 1 includes 7,567 square feet of warehouse/shop space
