Two-Suite Office
New
For Sale
$421,000
1404 Rice Road #200 300, Tyler, TX 75703
Commercial zoning and a layout with offices, reception, conference, and support areas suit professional operations.
Property Size2,880 SF
Price / SF$146.18
Days on Market4
Property Features for 1404 Rice Road #200 300
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Building Size
2,880 SF
Year Built
2007
Stories
1
Units
1
Listing Agency:
One Rock
(903) 594-4848
Listed By:
Christopher Wiesinger · License #0624514
(214) 683-0567
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 5:17PM
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 One Rock
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 200 and 300 combine for 2,880 square feet of office space. The layout includes seven offices, waiting areas, a reception area, a break room, a conference room, and three restrooms. Built in 2007, the property is zoned Commercial.
The suites are offered together, with the space configured for office use and multiple work and meeting areas.
The suites are offered together, with the space configured for office use and multiple work and meeting areas.
Key Highlights
- 2,880 SF across Suites 200 and 300
- Layout includes 7 offices, waiting areas, reception, a break room, and a conference room
- Three restrooms
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
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
Frequently Asked Questions
What type of property is this?
Office unit - Commercial zoning and a layout with offices, reception, conference, and support areas suit professional operations.
Where is this office unit located?
The property is located at 1404 Rice Road #200 300 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; Layout includes 7 offices, waiting areas, reception, a break room, and a conference room; Three restrooms
