Single-Story Home with
For Sale
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14545 COUNTY RD 192, Tyler, TX 75703
Single-story home with an additional separate 984 SF office and shop on the property.
Property Size3,022 SF
Price / SF$263.07
Days on Market124
Property Features for 14545 COUNTY RD 192
General Information
Standard status
Active
Size
3,022 SF
Property subtype
Office, Land
Zoning
Outside City Limits
Investment Type
Value Add
Building Details
Year Built
1968
Stories
1
Units
1
Listing Agency:
Patterson Commercial Property Group
(903) 597-1800
Listed By:
Russell Patterson · License #TX 0559109
Source:
Crexi
Added: Apr 29
Changed: Aug 8
Last Checked: Aug 28 at 8:50PM
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 Patterson Commercial Property Group
Investment Insights
Based on property information with market context.
This property is a 3,022 SF single-story home with a separate 984 SF office and shop. The main residence and the office/work space are distinct, allowing flexible use depending on how the property is operated.
The property is located off County Road 192 (Old Noonday Road) in Tyler, Texas, just outside the city limits. It backs up to high-end residential development off Old Jacksonville.
Overall, it presents a residential base with an additional dedicated office and shop facility on-site.
The property is located off County Road 192 (Old Noonday Road) in Tyler, Texas, just outside the city limits. It backs up to high-end residential development off Old Jacksonville.
Overall, it presents a residential base with an additional dedicated office and shop facility on-site.
Key Highlights
- 3,022 SF single‑story home built in 1968
- Additional 984 SF separate office and shop on the property
- Located off CR 192 (Old Noonday Road) in Tyler, TX, just outside the city limits
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
$36,497
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
4.59%
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%
$729,940
$729.9K
Cap Rate 7%
$521,386
$521.4K
Cap Rate 9%
$405,522
$405.5K
Market Conditions
NOI Build-Up for 3,022 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
$51.5K $17.04/SF
− Vacancy
−$2.8K −$0.94/SF
EGI
$48.7K $16.10/SF
− OpEx
−$12.2K −$4.03/SF
NOI
$36.5K $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 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%
$729,940
Cap Rate 7%
$521,386
Cap Rate 9%
$405,522
Alternative Uses
Best Use
Office B
$521.4K
$456.2K – $608.3K
NOI $36,497 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.5K
$590.2K – $786.9K
NOI $47,215 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59
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?
Residential land & home lot - Single-story home with an additional separate 984 SF office and shop on the property.
Where is this residential land & home lot located?
The property is located at 14545 COUNTY RD 192 Tyler, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,022 SF single‑story home built in 1968; Additional 984 SF separate office and shop on the property; Located off CR 192 (Old Noonday Road) in Tyler, TX, just outside the city limits
