Three-Tenant Retail Storefront
2416 E SOUTHEAST LOOP 323 Tyler, TX 75701
For Sale
Contact for pricing
Fully leased 3-tenant retail building with long-standing operators and high-visibility frontage on Loop 323.
Property Size2,800 SF
Price / SF$160.71
Days on Market52
Property Features for 2416 E SOUTHEAST LOOP 323
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing Agency:
Ihrig Properties
Listed By:
Cole Ihrig · License #687179-B
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 8:20AM
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 Ihrig Properties
Investment Insights
Based on property information with market context.
This 2,800 SF retail storefront building was constructed in 1976 and is fully occupied by three tenants. The property is currently 100% leased, and each tenant has operated at the location for 12+ years, providing a clear history of long-term commitment. The existing unit mix is set up for continued retail occupancy under the current operating profile.
The building is located along E Southeast Loop 323 in Tyler, Texas, positioned with strong corridor exposure. Nearby traffic counts are approximately 41,000 vehicles per day, supporting day-to-day visibility for retail users. The property sits just east of Troup Highway and between Troup Highway and University Boulevard, placing it within reach of surrounding retail, office, medical, and residential demand.
For buyers, this is a small-format, in-place retail investment with stable occupancy today and a current income profile of $36,992 NOI. The offering is priced at $450,000, reflecting an 8.22% cap rate based on the provided figures. With tenants already in place and current rents described as under-market, the property offers practical, turnkey functionality for an investor seeking leased retail real estate rather than a repositioning play.
The building is located along E Southeast Loop 323 in Tyler, Texas, positioned with strong corridor exposure. Nearby traffic counts are approximately 41,000 vehicles per day, supporting day-to-day visibility for retail users. The property sits just east of Troup Highway and between Troup Highway and University Boulevard, placing it within reach of surrounding retail, office, medical, and residential demand.
For buyers, this is a small-format, in-place retail investment with stable occupancy today and a current income profile of $36,992 NOI. The offering is priced at $450,000, reflecting an 8.22% cap rate based on the provided figures. With tenants already in place and current rents described as under-market, the property offers practical, turnkey functionality for an investor seeking leased retail real estate rather than a repositioning play.
Key Highlights
- 3‑tenant fully occupied retail building in Tyler, TX, with 100% occupancy.
- Built in 1976 and includes approximately 2,800 SF of retail space.
- Each tenant has operated at the property for 12+ years, supporting long‑term tenant stability.
Financial Insights For Retail
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 | $49.1k | $17.52 |
| − Vacancy | −$2.5k | −$0.88 |
| EGI | $46.6k | $16.64 |
| − OpEx | −$14.0k | −$4.99 |
| NOI | $32.6k | $11.65 |
2,800 SF · lease $17.52/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$466.0K
$407.8K – $543.7K
NOI $32,622 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,746 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Frisby's Florist & Flower Delivery Tyler TX — 3310 Troup Hwy, Tyler, TX 75701
FAQs
What type of property is this?
Storefront property - Fully leased 3-tenant retail building with long-standing operators and high-visibility frontage on Loop 323.
Where is this storefront property located?
The property is located at 2416 E SOUTHEAST LOOP 323 Tyler, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3‑tenant fully occupied retail building in Tyler, TX, with 100% occupancy.; Built in 1976 and includes approximately 2,800 SF of retail space.; Each tenant has operated at the property for 12+ years, supporting long‑term tenant stability.
