Tyler Office Building For
For Sale
$750,000
200 E Amherst, Tyler, TX 75701
Commercial office building with multiple offices and parking spaces.
Property Size5,220 SF
Lot Size0.41 Acres
Price / SF$143.68
Days on Market210
Property Features for 200 E Amherst
General Information
Standard status
Active
Size
5,220 SF
Lot size
0.41 Acres
Building Details
Year Built
1974
Listing Agency:
One Rock
Listed By:
Christopher Wiesinger · License #0624514
(903) 594-4848
Source:
Minteerteam
Added: Mar 26
Changed: Oct 13
Last Checked: Oct 7 at 4:58PM
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 One Rock
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Investment Insights
Based on property information with market context.
This commercial property is located just off the corner of Amherst and Broadway in Tyler. The office building offers approximately 5220 square feet of space, featuring a reception area, twelve offices, a breakroom, a file room, and a conference room. The property sits on approximately 0.414 acres and includes approximately 21 parking spaces. This property has numerous possibilities.
Key Highlights
- Prime location just off the corner of Amherst and Broadway in Tyler.
- Spacious office building with approximately 5220 sqft of space.
- Includes 12 offices, reception area, breakroom, file room, and conference room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,042
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,840
$1.3M
Cap Rate 7%
$900,600
$900.6K
Cap Rate 9%
$700,467
$700.5K
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$88.9K $17.04/SF
− Vacancy
−$4.9K −$0.94/SF
EGI
$84.1K $16.10/SF
− OpEx
−$21.0K −$4.03/SF
NOI
$63.0K $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%
$1,260,840
Cap Rate 7%
$900,600
Cap Rate 9%
$700,467
Alternative Uses
Best Use
Office B
$900.6K
$788.0K – $1.05M
NOI $63,042 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,556 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office building - Commercial office building with multiple offices and parking spaces.
Where is this office building located?
The property is located at 200 E Amherst Tyler, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location just off the corner of Amherst and Broadway in Tyler.; Spacious office building with approximately 5220 sqft of space.; Includes **12 offices, reception area, breakroom, file room, and conference room.**
