Historic Tyler Commercial
For Sale
Contact for pricing
313 E Charnwood, Tyler, TX 75701
1912 historic commercial property with old-world charm and business potential.
Property Size6,698 SF
Price / SF$186.62
Days on Market166
Property Features for 313 E Charnwood
General Information
Standard status
Active
Size
6,698 SF
Property subtype
Special Purpose
Zoning
AR
Building Details
Year Built
1912
Listing Agency:
Better Homes and Gardens Real Estate I-20 Team
Listed By:
Jeremey Bernard · License #TX
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Jul 23 at 3:49AM
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 Better Homes and Gardens Real Estate I-20 Team
Investment Insights
Based on property information with market context.
This historic commercial property, constructed in 1912, offers a blend of old-world charm and business potential. The building's classic front façade features stately columns and inviting curb appeal. The interior showcases original woodwork, intricate trim, and architectural details, creating a professional atmosphere. Large windows provide natural light throughout the space. The property has been expanded over the years to accommodate various commercial uses, including private offices, meeting spaces, and larger gathering areas. The layout is suitable for professional offices, boutique businesses, event venues, co-working environments, or investment opportunities. The property is located in Tyler, TX. From Downtown Tyler, go South on Broadway, left on East Charnwood Street. Property is on the right. The property size is 6,698 square feet.
Key Highlights
- Historic 1912 commercial property with original woodwork and architectural details.
- Flexible layout suitable for various commercial uses.
- Classic front façade with stately columns and inviting curb appeal.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,840
$1.6M
Cap Rate 7%
$1,155,600
$1.2M
Cap Rate 9%
$898,800
$898.8K
Market Conditions
NOI Build-Up for 6,698 SF
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.
Gross rent
$114.1K $17.04/SF
− Vacancy
−$6.3K −$0.94/SF
EGI
$107.9K $16.10/SF
− OpEx
−$27.0K −$4.03/SF
NOI
$80.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,840
Cap Rate 7%
$1,155,600
Cap Rate 9%
$898,800
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,892 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,648 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
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?
Office building - 1912 historic commercial property with old-world charm and business potential.
Where is this office building located?
The property is located at 313 E Charnwood Tyler, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Historic 1912 commercial property with original woodwork and architectural details.; Flexible layout suitable for various commercial uses.; Classic front façade with stately columns and inviting curb appeal.
