2011 S Beckham Ave, Tyler, TX 75701
Prime 1.09-acre site with redevelopment potential in Midtown Tyler.
- Added:
- Dec 11, 2023
- Days on Market:
- 911
- Last Refresh:
- May 12 at 9:50 pm
Property Features for 2011 S Beckham Ave
General Information
- Standard status
- Active
- Size
- 4,893 SF
- Lot size
- 1.09 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1933
Listing agent Cole Ihrig License #TX 687179
Listing office Patterson Commercial Property Group
Listing date Dec 11, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Patterson Commercial Property Group
HighLights
- Prime real estate investment opportunity in Midtown Tyler, Texas.
- +/- 1.09 acres with +/- 439’ of frontage on South Beckham Avenue.
- Three updated homes on the property.
- Currently leased to two office users and a hair salon, providing immediate income.
- Zoned Adaptive Reuse (AR) and Restricted Professional Office (RPO).
- Potential for redevelopment into medical or professional office space.
Overview
Local 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 | $83.4k | $17.04 |
| − Vacancy | −$4.6k | −$0.94 |
| EGI | $78.8k | $16.10 |
| − OpEx | −$19.7k | −$4.03 |
| NOI | $59.1k | $12.08 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.288956
- Latitude
- 32.327194
