Two-Suite Office
For Sale
$421,000
1404 Rice Road, Tyler, TX 75703
CommercialSale, Tyler, TX
Property Size2,880 SF
Lot Size0.07 Acres
Price / SF$146.18
Days on Market139
Property Features for 1404 Rice Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Directions
From the intersection of South Broadway and Rice Road, head west on Rice Road for 1.2 miles to the property on the left. Once you turn in the parking lot, the Suite 200 and 300 are in the second building on the right.
Standard status
Active
APN
R144427
Lot size
0.07 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Number of units
1
Flooring type
Tile, Laminate, Carpet
Building materials
Stucco
Roof type
Composition
Listing Agency:
One Rock
(903) 594-4848
Listed By:
Christopher Wiesinger
(214) 683-0567
Added: Jun 19
Changed: Oct 28
Last Checked: Nov 4 at 2:06PM
MLS# 20981017
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property includes Suites 200 and 300, combining for 2,880 square feet of workspace. The interior layout features seven offices, waiting areas, a reception area, break room, conference room, and three restrooms. Laminate, carpet, and tile flooring are installed throughout, with central electric heating and cooling. The building was constructed in 2007 with stucco exterior construction and a composition roof.
Located at 1404 Rice Road in Tyler, the property is served by public water and public sewer. Its office configuration provides distinct work areas alongside shared administrative and meeting spaces, supporting a range of professional office layouts.
Located at 1404 Rice Road in Tyler, the property is served by public water and public sewer. Its office configuration provides distinct work areas alongside shared administrative and meeting spaces, supporting a range of professional office layouts.
Key Highlights
- 2,880 SF across Suites 200 and 300
- Seven offices plus waiting, reception, break room, and conference areas
- Three restrooms included in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,782
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,640
$695.6K
Cap Rate 7%
$496,886
$496.9K
Cap Rate 9%
$386,467
$386.5K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$49.1K $17.04/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$46.4K $16.10/SF
− OpEx
−$11.6K −$4.03/SF
NOI
$34.8K $12.08/SF
Area
Tyler, TX
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,640
Cap Rate 7%
$496,886
Cap Rate 9%
$386,467
Alternative Uses
Best Use
Office B
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, reception, conference, and support areas for professional operations.
Where is this office unit located?
The property is located at 1404 Rice Road Tyler, TX.
What is the asking price?
The asking price for this property is $421,000.
What are key features of this property?
This property features: 2,880 SF across Suites 200 and 300; Seven offices plus waiting, reception, break room, and conference areas; Three restrooms included in the existing layout
