Professional Office Building with
1528 N Northwest Loop 323 Tyler, TX 75702
For Sale
$1,200,000
A flexible professional office building with ample on-site parking and high-visibility frontage on Loop 323 in Tyler.
Property Size5,000 SF
Price / SF$240
Days on Market57
Property Features for 1528 N Northwest Loop 323
General Information
- Standard status
- Active
- Size
- 5,000 SF
Listing Agency:
Lawrence Realty
(903) 570-1044
Listed By:
Tavis Harris
(903) 570-1044
Source:
Exprealty
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 27 at 12:51AM
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 Lawrence Realty
Investment Insights
Based on property information with market context.
This professional office building offers approximately 5,000 square feet of workspace designed for flexible use. The interior includes expansive open areas that can be customized to fit a tenant’s operational needs, with room for a variety of office-oriented layouts. The property also provides ample on-site parking for employees and clients and includes high-speed internet capability.
Located on a high-traffic corridor, the building benefits from excellent frontage and exposure along Loop 323 in Tyler, Texas. This position supports convenient access to major areas of the city and provides a prominent opportunity for signage to support brand visibility to passing traffic.
The building is well suited for owner-occupants or tenants seeking a centrally accessible office environment, including professional services and medical office use. Its adaptable floor plan and ready-to-customize open areas make it practical for corporate headquarters, legal and financial services, professional consulting, and creative workspace concepts, subject to applicable approvals and use requirements.
Located on a high-traffic corridor, the building benefits from excellent frontage and exposure along Loop 323 in Tyler, Texas. This position supports convenient access to major areas of the city and provides a prominent opportunity for signage to support brand visibility to passing traffic.
The building is well suited for owner-occupants or tenants seeking a centrally accessible office environment, including professional services and medical office use. Its adaptable floor plan and ready-to-customize open areas make it practical for corporate headquarters, legal and financial services, professional consulting, and creative workspace concepts, subject to applicable approvals and use requirements.
Key Highlights
- 5,000‑SF professional office building on high‑traffic Loop 323 in Tyler, TX
- Flexible floor plan suitable for multiple professional uses, including corporate headquarters, medical, legal, financial, and consulting offices
- Expansive open areas designed for customization to fit your operational layout needs
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 | $105.0k | $21.00 |
| − Vacancy | −$4.2k | −$0.84 |
| EGI | $100.8k | $20.16 |
| − OpEx | −$40.3k | −$8.06 |
| NOI | $60.5k | $12.10 |
5,000 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 5.04%
Second Best
Office B
$862.7K
$754.8K – $1.01M
NOI $60,386 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.12M
$976.5K – $1.30M
NOI $78,119 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - A flexible professional office building with ample on-site parking and high-visibility frontage on Loop 323 in Tyler.
Where is this office building located?
The property is located at 1528 N Northwest Loop 323 Tyler, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,000‑SF professional office building on high‑traffic Loop 323 in Tyler, TX; Flexible floor plan suitable for multiple professional uses, including corporate headquarters, medical, legal, financial, and consulting offices; Expansive open areas designed for customization to fit your operational layout needs
