Industrial Office/Warehouse Facility with Covered
For Sale
$1,495,000
13960 State Highway 64, Tyler, TX 75704
Industrial office/warehouse facility with insulated warehouse space, drive-through bays, loading docks, and covered storage near Tyler Pounds Airport.
Property Size15,000 SF
Days on Market99
Property Features for 13960 State Highway 64
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Other Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
12,500 SF
Office Build-Out
2,500 SF
Dock-High Doors
2
Drive-In Doors
10
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Building Size
15,000 SF
Year Built
2013
Buildings
2
Listing Agency:
Burns Commercial Properties
Listed By:
Mark Whatley · License #423898
(903) 530-0955
Source:
Thebrokerlist
Added: Jul 29
Changed: Nov 2
Last Checked: Nov 3 at 3:02AM
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 Burns Commercial Properties
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Investment Insights
Based on property information with market context.
Industrial office/warehouse facility built in 2013 with 15,000 SF total space, including 2,500 SF of office and 12,500 SF of insulated warehouse/manufacturing area. The property is currently operating as an automotive parts manufacturing facility and is also well suited for automotive service, distribution, fabrication, manufacturing, or warehouse operations.
The facility includes 10 drive-through bays served by 10 (12' x 14') overhead doors and 8 (10' x 10') overhead doors, plus two loading docks with overhead doors. Heavy utility capacity is described as 3-phase, 480V electric and a 2" gas line to support industrial operations. A separate 2,700 SF covered storage building provides additional sheltered space.
Located west of Loop 323 on Hwy. 64 West, directly across from Tyler Pounds Regional Airport, the property offers access and visibility to Hwy. 64.
The facility includes 10 drive-through bays served by 10 (12' x 14') overhead doors and 8 (10' x 10') overhead doors, plus two loading docks with overhead doors. Heavy utility capacity is described as 3-phase, 480V electric and a 2" gas line to support industrial operations. A separate 2,700 SF covered storage building provides additional sheltered space.
Located west of Loop 323 on Hwy. 64 West, directly across from Tyler Pounds Regional Airport, the property offers access and visibility to Hwy. 64.
Key Highlights
- 15,000 SF industrial office/warehouse built in 2013 with 2,500 SF office and 12,500 SF insulated warehouse/manufacturing
- Separate 2,700 SF covered storage building
- 10 drive‑through bays with 10 (12' x 14') and 8 (10' x 10') overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,923
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,460
$1.6M
Cap Rate 7%
$1,113,186
$1.1M
Cap Rate 9%
$865,811
$865.8K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$99.0K $6.60/SF
− Vacancy
−$7.3K −$0.49/SF
EGI
$91.7K $6.11/SF
− OpEx
−$13.8K −$0.92/SF
NOI
$77.9K $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 Rate 5%
$1,558,460
Cap Rate 7%
$1,113,186
Cap Rate 9%
$865,811
Alternative Uses
Best Use
Warehouse
$1.11M
$974.0K – $1.30M
NOI $77,923 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$916.7K
$802.2K – $1.07M
NOI $64,172 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,356 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Dock-high doors
10
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75704, TX
10,075
Population
4,325
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
77%
High-School Grad
66.8 sq mi
ZIP Area
151
Density / Sq Mi
$52,892
Median Household Income
$32,327
Median Earnings
$1,185
Median Rent
$136,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial office/warehouse facility with insulated warehouse space, drive-through bays, loading docks, and covered storage near Tyler Pounds Airport.
Where is this flex space located?
The property is located at 13960 State Highway 64 Tyler, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 15,000 SF industrial office/warehouse built in 2013 with 2,500 SF office and 12,500 SF insulated warehouse/manufacturing; Separate 2,700 SF covered storage building; 10 drive‑through bays with 10 (12' x 14') and 8 (10' x 10') overhead doors
