Built-Out Healthcare
For Sale
Contact for pricing
3413 Golden Road, Tyler, TX 75701
Fully built-out medical facility with an operating room, multiple exam rooms, and 77 parking spaces for patient and staff access.
Property Size9,532 SF
Price / SF$278.01
Days on Market222
Property Features for 3413 Golden Road
General Information
Standard status
Active
Size
9,532 SF
Class
B
Total Parking Spaces
77
Property subtype
Office
Zoning
RPO - Restricted Professional Office
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$210,573
Amenities
staff kitchen
outdoor patio break area
Building Details
Year Built
1998
Year Renovated
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License #TX 687976
(903) 570-7366
Source:
Crexi
Added: Jan 28
Changed: Aug 25
Last Checked: Sep 5 at 11:34PM
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 Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully built-out healthcare facility was originally constructed in 1998 and significantly renovated in 2022. The interior is designed for patient flow and advanced clinical use, featuring 13 exam rooms, two surgical counseling offices, two testing rooms, a special procedure room, and a fully equipped operating room. Additional accommodations include three waiting areas, a staff kitchen, and an outdoor patio break area for employees.
The property benefits from strong accessibility and visibility along Golden Road and Paluxy Drive, and it includes 77 parking spaces to support day-to-day operations.
With multiple patient-facing rooms, dedicated procedure space, and operational support areas, the layout supports a comprehensive healthcare practice within a purpose-built environment.
The property benefits from strong accessibility and visibility along Golden Road and Paluxy Drive, and it includes 77 parking spaces to support day-to-day operations.
With multiple patient-facing rooms, dedicated procedure space, and operational support areas, the layout supports a comprehensive healthcare practice within a purpose-built environment.
Key Highlights
- Healthcare facility built in 1998 and significantly renovated in 2022
- Fully equipped operating room plus special procedure room and testing rooms
- 13 exam rooms, 2 surgical counseling offices, and 2 testing rooms
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
$115,299
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
4.35%
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%
$2,305,980
$2.3M
Cap Rate 7%
$1,647,129
$1.6M
Cap Rate 9%
$1,281,100
$1.3M
Market Conditions
NOI Build-Up for 9,532 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
$200.2K $21.00/SF
− Vacancy
−$8.0K −$0.84/SF
EGI
$192.2K $20.16/SF
− OpEx
−$76.9K −$8.06/SF
NOI
$115.3K $12.10/SF
Area
Tyler, TX
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$2,305,980
Cap Rate 7%
$1,647,129
Cap Rate 9%
$1,281,100
Alternative Uses
Best Use
Healthcare Medical
$1.65M
$1.44M – $1.92M
NOI $115,299 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,925 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
916
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Fully built-out medical facility with an operating room, multiple exam rooms, and 77 parking spaces for patient and staff access.
Where is this medical center located?
The property is located at 3413 Golden Road Tyler, TX.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Healthcare facility built in 1998 and significantly renovated in 2022; Fully equipped operating room plus special procedure room and testing rooms; 13 exam rooms, 2 surgical counseling offices, and 2 testing rooms
