Tilt-Wall Warehouse with Dock
For Sale
Contact for pricing
1902 Patridge St, Tyler, TX 75701
Industrial warehouse with dedicated office space, dock access, grade-level loading, and covered outdoor storage.
Property Size8,500 SF
Price / SF$82.24
Days on Market62
Property Features for 1902 Patridge St
General Information
Standard status
Active
Size
8,500 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
7,750 SF
Office Build-Out
1,500 SF
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Outdoor Storage
Yes
Building Details
Construction
tilt-up concrete
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Casey Hymer · License #75703
(903) 245-5950
Source:
Moodyscre
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 12 at 9:54PM
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 Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
This warehouse property features tilt-wall construction, a dedicated 1,500-square-foot office component arranged across two stories, and a 7,750-square-foot warehouse area. Loading is supported by two dock-high overhead doors and one grade-level overhead door, each measuring 10 feet by 10 feet.
The building provides 16-foot eave height and 21-foot ridge height, along with 20-foot by 30-foot covered outdoor storage. The combination of warehouse, office, loading, and storage improvements supports a range of industrial and distribution-oriented operations.
The building provides 16-foot eave height and 21-foot ridge height, along with 20-foot by 30-foot covered outdoor storage. The combination of warehouse, office, loading, and storage improvements supports a range of industrial and distribution-oriented operations.
Key Highlights
- 7,750 SF warehouse area with 1,500 SF of 2‑story office space
- Tilt‑wall construction
- Two 10' × 10' dock‑high overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,156
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,120
$883.1K
Cap Rate 7%
$630,800
$630.8K
Cap Rate 9%
$490,622
$490.6K
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$56.1K $6.60/SF
− Vacancy
−$4.2K −$0.49/SF
EGI
$51.9K $6.11/SF
− OpEx
−$7.8K −$0.92/SF
NOI
$44.2K $5.19/SF
Area
Tyler, TX
Vacancy
7.40%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,120
Cap Rate 7%
$630,800
Cap Rate 9%
$490,622
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,655 @ 7.0% cap · market cap 14.69%
Second Best
Warehouse
$630.8K
$552.0K – $735.9K
NOI $44,156 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,802 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with dedicated office space, dock access, grade-level loading, and covered outdoor storage.
Where is this warehouse located?
The property is located at 1902 Patridge St Tyler, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 7,750 SF warehouse area with 1,500 SF of 2‑story office space; Tilt‑wall construction; Two 10' × 10' dock‑high overhead doors
