Fully Occupied Industrial
For Sale
$699,000
3816 Timms St, Tyler, TX 75701
Occupied industrial space with short-term leases and convenient access near SSW Loop 323.
Property Size12,000 SF
Price / SF$58.25
Days on Market47
Property Features for 3816 Timms St
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Occupancy
100%
Net Operating Income
$31,864
Building Details
Building Size
12,000 SF
Listing Agency:
Drake Real Estate & Investments
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Draketexas
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 12 at 5:54PM
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 Drake Real Estate & Investments
Investment Insights
Based on property information with market context.
Located at 3816 Timms St in Tyler, this 12,000-square-foot industrial warehouse is fully occupied and positioned for continued commercial use. The property is supported by short-term lease agreements, providing a defined leasing timeline for future ownership planning.
The site sits just off SSW Loop 323, offering access within the Tyler market. Its warehouse classification, existing occupancy, and 12,000-square-foot footprint provide a straightforward industrial asset profile.
The site sits just off SSW Loop 323, offering access within the Tyler market. Its warehouse classification, existing occupancy, and 12,000-square-foot footprint provide a straightforward industrial asset profile.
Key Highlights
- 12,000 SF industrial warehouse
- 100% occupied
- Short‑term lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,338
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,760
$1.2M
Cap Rate 7%
$890,543
$890.5K
Cap Rate 9%
$692,644
$692.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$79.2K $6.60/SF
− Vacancy
−$5.9K −$0.49/SF
EGI
$73.3K $6.11/SF
− OpEx
−$11.0K −$0.92/SF
NOI
$62.3K $5.19/SF
Area
Tyler, TX
Vacancy
7.40%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,760
Cap Rate 7%
$890,543
Cap Rate 9%
$692,644
Alternative Uses
Best Use
Warehouse
$890.5K
$779.2K – $1.04M
NOI $62,338 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,485 @ 7.0% cap · market cap 26.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage — Tyler, TX 75701
- TEXAS WIC WAREHOUSE — 12490 County Rd 192, Tyler, TX 75703
- CubeSmart Self Storage — 12324 State Hwy 155, Tyler, TX 75703
- FreeUp Storage Tyler Frankston Hwy — 3521 Frankston Hwy, Tyler, TX 75701
Frequently Asked Questions
What type of property is this?
Warehouse - Occupied industrial space with short-term leases and convenient access near SSW Loop 323.
Where is this warehouse located?
The property is located at 3816 Timms St Tyler, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 12,000 SF industrial warehouse; 100% occupied; Short‑term lease structure
