South Tyler Commercial
2040 Shiloh Rd, Tyler, TX 75703
For Sale
Contact for pricing
Commercial property with office buildings and shop in South Tyler.
Property Size21,586 SF
Lot Size10.00 Acres
Price / SF$171.41
Days on Market1612
Property Features for 2040 Shiloh Rd
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Lease Type
Building Details
Buildings
Listing Agency:
One Rock
Listed By:
Chris Wiesinger · License TX #9007381
(214) 683-0567
Source:
Crexi
Added: Jun 16, 2022
Changed: Nov 9
Last Checked: Nov 12 at 7:23AM
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 in South Tyler, situated off Shiloh Rd between HWY 110 S and Paluxy Dr. The property encompasses approximately 10 acres and includes three commercial buildings. Two of the buildings are purposed as commercial office space, measuring approximately 11,263 square feet and 5,323 square feet, respectively. The third building is a commercial shop, featuring rollup doors and an office/storage area, with an approximate size of 5,000 square feet. The property presents opportunities for a growing business, investment, expansion, development, or leasing to multiple tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,696
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,213,920
$5.2M
Cap Rate 7%
$3,724,229
$3.7M
Cap Rate 9%
$2,896,622
$2.9M
Market Conditions
NOI Build-Up for 21,586 SF
Gross rent
$367.8K $17.04/SF
− Vacancy
−$20.2K −$0.94/SF
EGI
$347.6K $16.10/SF
− OpEx
−$86.9K −$4.03/SF
NOI
$260.7K $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%
$5,213,920
Cap Rate 7%
$3,724,229
Cap Rate 9%
$2,896,622
Alternative Uses
Best Use
Office B
$3.72M
$3.26M – $4.34M
NOI $260,696 @ 7.0% cap · market cap 7.05%
Second Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,136 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,253 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
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
$310,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Tyler, TX
Properties on Market for Office buildings in Tyler
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial property with office buildings and shop in South Tyler.
Where is this office building located?
The property is located at 2040 Shiloh Rd Tyler, TX.
What is the asking price?
The asking price for this property is $3,700,000.
