South Tyler Versatile Commercial
19359 Hwy 69 S Tyler, TX 75703
For Sale
$828,000
4,601 SF property suitable for retail, office, or wellness.
Property Size4,601 SF
Lot Size1.54 Acres
Price / SF$179.96
Days on Market97
Property Features for 19359 Hwy 69 S
General Information
- Standard status
- Active
- Size
- 4,601 SF
- Lot size
- 1.54 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing Agency:
Drake Real Estate
(903) 581-3737
Listed By:
Matthew Marshall · License #75703
(903) 581-3737
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 9:14PM
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
Investment Insights
Based on property information with market context.
This 4,601 SF property is located in South Tyler on 1.54 unrestricted acres. The property features a two-story connected salon space and is suited for office, wellness, hospitality, or education use. It is strategically located on a high-traffic state highway between Tyler, Flint, Bullard, and Whitehouse, and is 10 minutes from South Tyler's major retail corridor, including Bass Pro Shops, Academy Sports, and The Village at Cumberland Park. The location is in a high-growth corridor with excellent visibility and has a traffic count of 29,785 VPD (TxDOT '23). The property includes a private salon with a separate entry, a covered breezeway patio ideal for events, and multiple office or treatment room options. Generous paved parking areas are available with room to expand.
Key Highlights
- High‑traffic location on a state highway in a rapidly growing corridor with 29,785 VPD (TxDOT '23) offering excellent visibility.
- Versatile 4,601 SF property suitable for retail, office, wellness, hospitality, or education use.
- Located on 1.54 unrestricted acres, providing flexibility and potential for expansion.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.4k | $17.04 |
| − Vacancy | −$4.3k | −$0.94 |
| EGI | $74.1k | $16.10 |
| − OpEx | −$18.5k | −$4.03 |
| NOI | $55.6k | $12.08 |
4,601 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$793.8K
$694.6K – $926.1K
NOI $55,567 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$765.8K
$670.1K – $893.4K
NOI $53,605 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,885 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 4,601 SF property suitable for retail, office, or wellness.
Where is this retail space located?
The property is located at 19359 Hwy 69 S Tyler, TX.
What is the asking price?
The asking price for this property is $828,000.
What are key features of this property?
This property features: High‑traffic location on a state highway in a rapidly growing corridor with 29,785 VPD (TxDOT '23) offering excellent visibility.; Versatile 4,601 SF property suitable for retail, office, wellness, hospitality, or education use.; Located on 1.54 unrestricted acres, providing flexibility and potential for expansion.
