Office and Warehouse on FM
15488 FM 2493, Tyler, TX 75703
For Sale
Contact for pricing
Office suites and warehouse space on 1.10 acres.
Property Size7,993 SF
Lot Size1.10 Acres
Price / SF$206.43
Days on Market451
Property Features for 15488 FM 2493
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
RE/MAX Tyler - Impact
Listed By:
Shelia Cooper · License TX #554271
(903) 592-4395
Source:
Crexi
Added: Aug 20, 2025
Changed: Nov 4
Last Checked: Nov 12 at 5:29AM
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 RE/MAX Tyler - Impact
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Investment Insights
Based on property information with market context.
Located on Old Jacksonville Highway (FM 2493), this property features office suites and a separate warehouse. The property includes approximately 7,993 square feet for sale, consisting of 5,670 square feet of office space and a 2,323-square-foot separate warehouse space, situated on approximately 1.10 acres of land. Suites 100 and 300, each approximately 1,539 square feet, are leased by a chiropractor and nail salon, respectively. Each suite includes a reception area, five separate offices, a kitchen, and a restroom. Suite 200, approximately 2,592 square feet, features a reception area, copy room, two restrooms, a kitchen, a storage room, and six separate offices. The office spaces have metal front doors, travertine floors, granite counters, crown moldings and trim, designer lighting, and recessed fluorescent lighting. The steel frame warehouse building has a metal roof and siding on a concrete slab foundation. The warehouse has approximately 2,323 square feet of building area, with an exterior wall height of approximately 13 to 14 feet. It includes strip fluorescent lighting, overhead doors, water, and electricity. There is a shed along the southeast portion of the building. Suites 100 and 300 are occupied with transferrable lease agreements, and Suite 200 is owner-occupied. The property is located just outside Tyler’s city limits in the ETJ and has frontage on Old Jacksonville Hwy. (FM 2493).
Key Highlights
- Prime location on Old Jacksonville Hwy (FM 2493) with high traffic, easy access, and excellent visibility
- Includes office space (5,670 sf) and a separate warehouse (2,323 sf) totaling approximately 7,993 sf on 1.10 acres
- Suites 100 and 300 are currently leased, providing immediate income potential with transferrable lease agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,532
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,640
$1.9M
Cap Rate 7%
$1,379,029
$1.4M
Cap Rate 9%
$1,072,578
$1.1M
Market Conditions
NOI Build-Up for 7,993 SF
Gross rent
$136.2K $17.04/SF
− Vacancy
−$7.5K −$0.94/SF
EGI
$128.7K $16.10/SF
− OpEx
−$32.2K −$4.03/SF
NOI
$96.5K $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 Rate 5%
$1,930,640
Cap Rate 7%
$1,379,029
Cap Rate 9%
$1,072,578
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,532 @ 7.0% cap · market cap 5.85%
Second Best
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,526 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,880 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites and warehouse space on 1.10 acres.
Where is this mixed-use property located?
The property is located at 15488 FM 2493 Tyler, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location on Old Jacksonville Hwy (FM 2493) with high traffic, easy access, and excellent visibility; Includes **office space (5,670 sf) and a separate warehouse (2,323 sf) totaling approximately 7,993 sf on 1.10 acres**; Suites 100 and 300 are currently leased, providing immediate income potential with transferrable lease agreements
