Highway 69 Frontage Investment
For Sale
$499,000
20921 Us Highway 69 S, Tyler, TX 75703
High-visibility property with flex space and metal shop near Bullard.
Property Size4,200 SF
Lot Size0.50 Acres
Price / SF$118.81
Days on Market103
Property Features for 20921 Us Highway 69 S
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
2020
Listing Agency:
Jane Byrd Properties International LLC
(214) 550-2887
Listed By:
Lisa Tate · License #0655763
(916) 316-1071
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 3:48PM
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 Jane Byrd Properties International LLC
Investment Insights
Based on property information with market context.
This property, built in 2020 with a metal shop added in 2023, presents a high-potential investment opportunity on Highway 69 in East Texas, located just over 2 miles south of Bullard. The property includes over half an acre with approximately 258 feet of Highway 69 frontage directly across from a golf course. The main structure features two private rooms currently used as offices and a large rear flex space with a full kitchen, walk-in shower, and private exterior entrance. This area can function as a break room, executive suite, or creative workspace. The metal shop is fully spray foam insulated, heated, and cooled, and includes a large overhead door suitable for light industrial work, storage, or future business expansion. Additional features include a concrete drive, ample parking, and space for signage. The property is currently occupied by the owner and used as a combination of business and personal space. The real estate is for sale. The existing business is not included in the transaction. The property offers steady daily traffic and surrounding development, making it an ideal location for owner-operators or investors seeking flexible income potential. The property size is 4200 square feet.
Key Highlights
- High‑visibility location on Highway 69 in a high‑growth area of East Texas.
- Over half an acre with approximately 258 feet of Highway 69 frontage.
- Includes a 2023 metal shop that is spray foam insulated, heated, and cooled, with a large overhead door.**
Financial Insights For Warehouse
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 | $27.7k | $6.60 |
| − Vacancy | −$2.1k | −$0.49 |
| EGI | $25.7k | $6.11 |
| − OpEx | −$3.9k | −$0.92 |
| NOI | $21.8k | $5.19 |
4,200 SF · lease $6.60/SF/yr · vacancy 7.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$724.6K
$634.1K – $845.4K
NOI $50,724 @ 7.0% cap · market cap 10.17%
Second Best
Warehouse
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$937.4K
$820.3K – $1.09M
NOI $65,620 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - High-visibility property with flex space and metal shop near Bullard.
Where is this flex space located?
The property is located at 20921 Us Highway 69 S Tyler, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑visibility location on Highway 69 in a high‑growth area of East Texas.; Over half an acre with approximately 258 feet of Highway 69 frontage.; Includes a 2023 metal shop that is spray foam insulated, heated, and cooled, with a large overhead door.**
