2416 E SOUTHEAST LOOP 323, Tyler, TX 75701
Fully leased 3-tenant retail building with long-standing operators and high-visibility frontage on Loop 323.
- Added:
- Jun 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 6 at 5:47 am
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 agent Cole Ihrig License #687179-B
Listing office Ihrig Properties
Listing date Jun 2, 2026
Source Crexi
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
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.
- Current NOI is $36,992, with an 8.22% cap rate at a $450,000 asking price.
- Located on E Southeast Loop 323 with traffic counts of approximately 41,000 vehicles per day nearby.
- Site is just east of Troup Highway, between Troup Highway and University Boulevard, providing access to surrounding demand.
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Garden Style — 4809 Old Bullard Rd #200, Tyler, TX 75703
- La Tee Da Flowers — Tyler, TX 75703
- La Tee Da Flowers — 4520 S Broadway Ave, Tyler, TX 75703
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.269896
- Latitude
- 32.312633
