Medical Office Building with Exam
For Sale
$995,000
1519 E Front St, Tyler, TX 75702
Built-out clinical layout includes multiple exam rooms and dual reception areas.
Property Size3,596 SF
Lot Size1.29 Acres
Price / SF$276.70
Days on Market193
Property Features for 1519 E Front St
General Information
Standard status
Active
Size
3,596 SF
Lot size
1.29 Acres
Property subtype
Multi Tenant Office
Additional Details
Road Access
Yes
Building Details
Building Size
3,596 SF
Year Built
1985
Listing Agency:
Burns Commercial Properties
(903) 530-0955
Listed By:
Mark Whatley · License #423898
(903) 530-0955
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 5:33AM
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 Burns Commercial Properties
Investment Insights
Based on property information with market context.
Built in 1985, this 3,596 SF medical office property occupies approximately 1.29 acres and is configured for clinical operations. The interior includes six fully equipped exam rooms, two reception areas, spacious waiting rooms, and functional medical office space. An adjoining parking area serves staff and visitors, while vacant land provides potential for future expansion.
The property fronts E Front St and is located less than 0.5 miles from Tyler’s Medical District. Its existing layout supports medical or professional office use, with a flexible configuration for practices requiring exam, reception, waiting, and administrative areas.
The property fronts E Front St and is located less than 0.5 miles from Tyler’s Medical District. Its existing layout supports medical or professional office use, with a flexible configuration for practices requiring exam, reception, waiting, and administrative areas.
Key Highlights
- 3,596 SF medical office building on approximately 1.29 acres
- Six fully equipped exam rooms
- Two reception areas with spacious waiting rooms
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
$43,497
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
4.37%
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%
$869,940
$869.9K
Cap Rate 7%
$621,386
$621.4K
Cap Rate 9%
$483,300
$483.3K
Market Conditions
NOI Build-Up for 3,596 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
$75.5K $21.00/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$72.5K $20.16/SF
− OpEx
−$29.0K −$8.06/SF
NOI
$43.5K $12.10/SF
Area
Tyler, TX
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$869,940
Cap Rate 7%
$621,386
Cap Rate 9%
$483,300
Alternative Uses
Best Use
Healthcare Medical
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 4.37%
Second Best
Office B
$620.4K
$542.9K – $723.8K
NOI $43,429 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$802.6K
$702.3K – $936.4K
NOI $56,183 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
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?
Medical Office Space - Built-out clinical layout includes multiple exam rooms and dual reception areas.
Where is this medical office space located?
The property is located at 1519 E Front St Tyler, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,596 SF medical office building on approximately 1.29 acres; Six fully equipped exam rooms; Two reception areas with spacious waiting rooms
