1515 W Southwest Loop 323 Tyler, TX 75701
Two fully remodeled office buildings offer strong frontage and visibility, plus an additional lot for flexible site use.
Property Features for 1515 W Southwest Loop 323
General Information
- Standard status
- Active
- Size
- 7,209 SF
- Lot size
- 1.24 Acres
Listing office Ihrig Properties (903) 714-2041
Listing date Feb 19, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The buildings are positioned along W. Southwest Loop 323, offering strong frontage and visibility. An additional lot is included with the offering, creating flexibility for future development and potential site reconfiguration. The additional lot may also support improved ingress/egress to Professional Drive for better access and circulation.
With turnkey updates already in place, the property suits owner-users seeking move-in-ready office space and investors looking for a renovated office asset. The inclusion of an extra lot provides an added option for buyers who want to preserve future development flexibility while acquiring updated office improvements today.
Key Highlights
- Two fully remodeled office buildings at 1515 and 1517 W. Southwest Loop 323 totaling 7,209 SF
- Comprehensively updated with new roof, new HVAC, new siding, and fresh interior finishes including new paint and flooring
- On 1.244 acres with strong frontage and excellent visibility along W. Southwest Loop 323
Local Financial Insights For Office B
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 | $122.8k | $17.04 |
| − Vacancy | −$6.8k | −$0.94 |
| EGI | $116.1k | $16.10 |
| − OpEx | −$29.0k | −$4.03 |
| NOI | $87.1k | $12.08 |
