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    Modern Office Building with Flex Space Title is generated by Realmo AI

    20921 Hwy 69 S, Tyler, TX 75703

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    For Sale
    $550,000

    SINGLE_FAMILY - Tyler, TX

    Type:Office
    Lot size:
    0.50 Acres
    Added:
    May 27, 2025
    Days on Market:
    369
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 20921 Hwy 69 S

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Luf LB Local Business
    Standard status
    Active
    Lot size
    0.50 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Krista Wiley
    Krista Wiley

    Listing agent Krista Wiley License #0755866

    Listing office Jane Byrd Properties International L.L.C. 4100 South Medford Suite 200, Lufkin, TX

    Listing date May 27, 2025

    MLS# 65104938

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location with approximately 258 feet of Highway 69 frontage.
    • Modern office building built in 2020 with two private offices and a spacious flex space.
    • Versatile metal shop added in 2023, featuring spray foam insulation, heating/cooling, and a large overhead door.
    • Located minutes south of Tyler in a high‑growth East Texas corridor.
    • Spacious flex space includes a kitchen, full bathroom with walk‑in shower, and private exterior entrance.
    • Concrete drive and ample parking available.

    Overview

    This commercial property, built in 2020, is located minutes south of Tyler and across from a golf course. It features approximately 258 feet of Highway 69 frontage. The modern office building includes two private offices and a spacious rear flex space. The flex space is equipped with a kitchen, a full bathroom with vanity and walk-in shower, and a private exterior entrance. In 2023, a metal shop was added, featuring spray foam insulation, heating and cooling, and a large overhead door. The property is situated on a half-acre lot and includes a concrete drive and ample parking. It is surrounded by other commercial developments. The property is move-in ready and located in a high-growth East Texas corridor. The metal shop is suitable for storage, light industrial work, or creative use. The flex space is ideal for a break room, conference area, or executive suite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Building Supply Hotel & Motel Gym & Fitness Center Storage Facility HVAC Service Electronics & Wireless Store Bed & Breakfast Coworking & Hybrid Office Mobile Phone Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.315245
    Latitude
    32.174034

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    FAQs

    What type of property is this?
    Office building - Half-acre commercial property with highway frontage near Tyler, Texas.
    Where is this office building located?
    The property is located at 20921 Hwy 69 S Tyler, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High‑visibility location with approximately 258 feet of Highway 69 frontage.; Modern office building built in 2020 with two private offices and a spacious flex space.; Versatile metal shop added in 2023, featuring spray foam insulation, heating/cooling, and a large overhead door.
    (936) 676-2940
    We can help!
    Listing Contact
    Krista Wiley
    Krista Wiley
    Real Estate License ID: 0755866
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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