Signalized-Intersection Retail
For Sale
$1,100,000
1816 E SE Loop 323, Tyler, TX 75701
Retail storefront with access from two roads and an existing gross lease on a portion of the building.
Property Size3,928 SF
Days on Market9
Property Features for 1816 E SE Loop 323
General Information
Standard status
Active
Size
3,928 SF
Property subtype
Retail - Freestanding
Occupancy
100%
Site & Location
Traffic Count
38,739 vehicles/day
Road Access
Yes
Additional Details
Gross Income
$19,200
Building Details
Building Size
3,928 SF
Tenancy
Multi
Listing Agency:
Scarborough Commercial Real Estate
(903) 570-7366
Listed By:
Samuel Scarborough, CCIM · License #687976
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 9:10AM
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 Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail storefront occupies a signalized corner at 1816 E SE Loop 323 in Tyler, with ingress and egress available from both Loop 323 and Paluxy Drive. The property is 75% owner occupied, while the remaining 25% is occupied under a gross lease.
The site sits within a retail corridor recording 38,739 VPD and draws from Tyler, Whitehouse, and Chandler. Nearby traffic generators include Walmart Neighborhood Market, Crunch Fitness, and Texas Roadhouse, providing established commercial activity around the intersection.
The site sits within a retail corridor recording 38,739 VPD and draws from Tyler, Whitehouse, and Chandler. Nearby traffic generators include Walmart Neighborhood Market, Crunch Fitness, and Texas Roadhouse, providing established commercial activity around the intersection.
Key Highlights
- Signalized intersection of Loop 323 and Paluxy Drive
- 38,739 VPD retail corridor
- Ingress and egress from both Loop 323 and Paluxy Drive
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
$45,764
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
4.16%
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%
$915,280
$915.3K
Cap Rate 7%
$653,771
$653.8K
Cap Rate 9%
$508,489
$508.5K
Market Conditions
NOI Build-Up for 3,928 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
$68.8K $17.52/SF
− Vacancy
−$3.4K −$0.88/SF
EGI
$65.4K $16.64/SF
− OpEx
−$19.6K −$4.99/SF
NOI
$45.8K $11.65/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
30.00%
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%
$915,280
Cap Rate 7%
$653,771
Cap Rate 9%
$508,489
Alternative Uses
Best Use
Retail
$653.8K
$572.1K – $762.7K
NOI $45,764 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$876.7K
$767.1K – $1.02M
NOI $61,370 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
38,739 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 29%
Shops & Services 27%
Brookshire's
Groceries
21,565 visits/mo
0.3 miles
Jack in the Box
Dining
15,371 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,681 visits/mo
0.1 miles
First Watch
Dining
11,251 visits/mo
0.2 miles
Pizza Hut
Dining
2,719 visits/mo
0.3 miles
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Asvilles Florist & Flower Delivery Tyler TX — 212 E 5th St, Tyler, TX 75701
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with access from two roads and an existing gross lease on a portion of the building.
Where is this storefront property located?
The property is located at 1816 E SE Loop 323 Tyler, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Signalized intersection of Loop 323 and Paluxy Drive; 38,739 VPD retail corridor; Ingress and egress from both Loop 323 and Paluxy Drive
