Spa & Wellness Property with
For Sale
$828,000
19359 Hwy 69 S, Tyler, TX 75703
CommercialSale, Tyler, TX
Property Size4,601 SF
Lot Size1.54 Acres
Price / SF$179.96
Days on Market123
Property Features for 19359 Hwy 69 S
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Unzoned
Parking features
Garage, Off Street, Driveway
Security features
Security
Subdivision
ABST A0021 V TEJADA
Lot features
Interior Lot, Landscaped
Directions
From the intersection of Hwy 69 S (S Broadway Ave.) & Toll 49, head south on Hwy 69 S. In approximately 3.1 miles, property will be on the left.
Standard status
Active
APN
R117466
Lot size
1.54 Acres
Taxes and HOA fees
Tax Description
TRACT 48A
Legal Description
TRACT 48A
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
Private salon with separate entry
Covered breezeway patio
Multiple office or treatment room options
Generous paved parking areas
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Flooring type
Carpet, Concrete, Wood
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Drake Real Estate
(903) 581-3737
Listed By:
Matthew Marshall · License #75703
(903) 443-5894
Added: Jun 16
Changed: Sep 13
Last Checked: Oct 16 at 8:06PM
MLS# 20986754
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This spa and wellness property is a brick commercial building constructed in 1998, with a connected two-story salon component and a private entrance for that area. The interior includes multiple rooms that can serve as treatment or office spaces, along with carpet, wood, and concrete flooring. Central electric heating and cooling support the building, and the roof uses shingle and composition materials.
The property is located at 19359 Hwy 69 S in Tyler, with reported traffic of 29,785 VPD based on TxDOT 2023 data. On-site parking includes garage, driveway, and off-street areas. A covered breezeway patio provides additional functional space, while the property information also identifies paved parking areas with room for expansion.
The property is located at 19359 Hwy 69 S in Tyler, with reported traffic of 29,785 VPD based on TxDOT 2023 data. On-site parking includes garage, driveway, and off-street areas. A covered breezeway patio provides additional functional space, while the property information also identifies paved parking areas with room for expansion.
Key Highlights
- Two‑story connected salon with a private, separately accessed entrance
- Multiple treatment‑room or office configurations
- Covered breezeway patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,567
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,340
$1.1M
Cap Rate 7%
$793,814
$793.8K
Cap Rate 9%
$617,411
$617.4K
Market Conditions
NOI Build-Up for 4,601 SF
Gross rent
$78.4K $17.04/SF
− Vacancy
−$4.3K −$0.94/SF
EGI
$74.1K $16.10/SF
− OpEx
−$18.5K −$4.03/SF
NOI
$55.6K $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%
$1,111,340
Cap Rate 7%
$793,814
Cap Rate 9%
$617,411
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
29,785 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Flexible commercial layout offers treatment rooms, office areas, and a separately accessed salon.
Where is this spa & wellness property 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: Two‑story connected salon with a private, separately accessed entrance; Multiple treatment‑room or office configurations; Covered breezeway patio
