Medical Center with Surgical
For Sale
$3,950,000
3415 Golden Rd., Tyler, TX 75701
Purpose-built healthcare facility with exam, consultation, procedure, and staff support areas.
Property Size17,552 SF
Days on Market9
Property Features for 3415 Golden Rd.
General Information
Standard status
Active
Size
17,552 SF
Class
B
Total Parking Spaces
90
Property subtype
Office - General Office
Building Details
Building Size
17,552 SF
Year Built
1998
Year Renovated
2016
Listing Agency:
Scarborough Commercial Real Estate
(903) 705-8320
Listed By:
Samuel Scarborough, CCIM · License #0617792
Source:
Commercialcafe
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 3:01PM
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.
Built in 1998 and renovated in 2016, this purpose-built medical center includes a substantial clinical and surgical layout. The property provides 22 exam rooms, 6 physician offices, 1 surgical counseling office, 6 surgical consultation suites, 1 laser procedure room, and 1 operating room. Additional improvements include a staff kitchen and an outdoor employee patio area.
The facility is located at 3415 Golden Rd in Tyler, Texas, with access and exposure along Golden Road and Paluxy Drive. On-site parking includes 90 spaces, and the property is available for immediate occupancy.
The facility is located at 3415 Golden Rd in Tyler, Texas, with access and exposure along Golden Road and Paluxy Drive. On-site parking includes 90 spaces, and the property is available for immediate occupancy.
Key Highlights
- 22 exam rooms and 6 doctor’s offices
- 6 surgical consultation suites, 1 surgical counseling office, and 1 operating room
- 1 laser procedure room within the clinical layout
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
$212,309
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
5.37%
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%
$4,246,180
$4.2M
Cap Rate 7%
$3,032,986
$3.0M
Cap Rate 9%
$2,358,989
$2.4M
Market Conditions
NOI Build-Up for 17,552 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
$368.6K $21.00/SF
− Vacancy
−$14.7K −$0.84/SF
EGI
$353.8K $20.16/SF
− OpEx
−$141.5K −$8.06/SF
NOI
$212.3K $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%
$4,246,180
Cap Rate 7%
$3,032,986
Cap Rate 9%
$2,358,989
Alternative Uses
Best Use
Healthcare Medical
$3.03M
$2.65M – $3.54M
NOI $212,309 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$3.03M
$2.65M – $3.53M
NOI $211,977 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$3.92M
$3.43M – $4.57M
NOI $274,227 @ 7.0% cap · market cap 6.94%
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built healthcare facility with exam, consultation, procedure, and staff support areas.
Where is this medical center located?
The property is located at 3415 Golden Rd. Tyler, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 22 exam rooms and 6 doctor’s offices; 6 surgical consultation suites, 1 surgical counseling office, and 1 operating room; 1 laser procedure room within the clinical layout
