Office Space with Suites 200 &
For Sale
$421,000
1404 Rice Road, Tyler, TX 75703
SINGLE_FAMILY - Tyler, TX
Property Size2,880 SF
Lot Size0.07 Acres
Price / SF$146.18
Days on Market45
Property Features for 1404 Rice Road
General Information
Property type
Residential
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
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet, Laminate
Building materials
Stucco
Roof type
Composition
Listing Agency:
One Rock
(903) 594-4848
Listed By:
Christopher Wiesinger · License #0624514
(214) 683-0567
Added: Jun 19
Changed: Aug 1
Last Checked: Aug 2 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Office units featuring Suites 200 and 300, totaling 2,880 SF. The layout includes 7 offices, waiting area, reception area, break room, conference room, and three rest rooms, with multiple configuration options to support a range of professional office uses.
Built in 2007, the property has stucco construction with a composition roof. Interior finishes include tile, laminate, and carpet flooring. Heating is central and electric, and cooling is provided by central air with electric. Public water and public sewer services are available.
This is a move-in-ready office option with a functional mix of private offices, common areas, and a dedicated conference room designed for day-to-day business operations.
Built in 2007, the property has stucco construction with a composition roof. Interior finishes include tile, laminate, and carpet flooring. Heating is central and electric, and cooling is provided by central air with electric. Public water and public sewer services are available.
This is a move-in-ready office option with a functional mix of private offices, common areas, and a dedicated conference room designed for day-to-day business operations.
Key Highlights
- 2,880 SF office space comprising Suites 200 and 300
- Includes 7 offices plus waiting, reception, break room, and conference room
- Three rest rooms and multiple layout configuration options
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $21.00 |
| − Vacancy | −$2.4k | −$0.84 |
| EGI | $58.1k | $20.16 |
| − OpEx | −$23.2k | −$8.06 |
| NOI | $34.8k | $12.10 |
2,880 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$497.7K
$435.5K – $580.6K
NOI $34,836 @ 7.0% cap · market cap 8.27%
Second Best
Office B
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 8.26%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,237
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suites 200 and 300 with central air, public water, and public sewer, designed with multiple offices and meeting space.
Where is this office units 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 office space comprising Suites 200 and 300; Includes 7 offices plus waiting, reception, break room, and conference room; Three rest rooms and multiple layout configuration options
