Office and Warehouse on FM
For Sale
Contact for pricing
15488 FM 2493, Tyler, TX 75703
Office suites and warehouse space on 1.10 acres.
Property Size7,993 SF
Lot Size1.10 Acres
Price / SF$206.43
Days on Market361
Property Features for 15488 FM 2493
General Information
Standard status
Active
Size
7,993 SF
Lot size
1.10 Acres
Property subtype
Mixed Use, Office
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$63,000
Building Details
Year Built
2015
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
RE/MAX Tyler - Impact
(903) 520-4069
Listed By:
Shelia Cooper · License #554271
Source:
Crexi
Added: Aug 20, 2025
Changed: Aug 8
Last Checked: Aug 13 at 4:56PM
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
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 = 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
$96,532
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
5.85%
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%
$1,930,640
$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
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
$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 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%
$1,930,640
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
