Professional Office Building with
For Sale
$1,200,000
1528 N Northwest Loop 323, Tyler, TX 75702
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 Market91
Property Features for 1528 N Northwest Loop 323
General Information
Standard status
Active
Size
5,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,927
Listing Agency:
Lawrence Realty
(903) 570-1044
Listed By:
Tavis Harris
(903) 570-1044
Source:
Exprealty
Added: Jun 1
Changed: Aug 21
Last Checked: Aug 29 at 3:10PM
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
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
$60,386
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
5.03%
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%
$1,207,720
$1.2M
Cap Rate 7%
$862,657
$862.7K
Cap Rate 9%
$670,956
$671.0K
Market Conditions
NOI Build-Up for 5,000 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
$85.2K $17.04/SF
− Vacancy
−$4.7K −$0.94/SF
EGI
$80.5K $16.10/SF
− OpEx
−$20.1K −$4.03/SF
NOI
$60.4K $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%
$1,207,720
Cap Rate 7%
$862,657
Cap Rate 9%
$670,956
Alternative Uses
Best Use
Office B
$862.7K
$754.8K – $1.01M
NOI $60,386 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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?
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
