Listed By: Matthew Marshall Show Phone

Added: Apr 1 Changed: Sep 10

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$321,651

Cap Rate

4.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,433,020 $6.4M

Cap Rate 7%

$4,595,014 $4.6M

Cap Rate 9%

$3,573,900 $3.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 38,000 SF

Gross rent

$615.6K $16.20/SF

− Vacancy

−$30.8K −$0.81/SF

EGI

$584.8K $15.39/SF

− OpEx

−$263.2K −$6.93/SF

NOI

$321.7K $8.46/SF

Area

Tyler, TX

Vacancy

5.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,433,020

Cap Rate 7%

$4,595,014

Cap Rate 9%

$3,573,900

Alternative Uses

Best Use

Apartment 5plus

$4.60M

$4.02M – $5.36M (±1% cap)

NOI $321,651 @ 7.0% cap · market cap 4.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.48M

$7.42M – $9.90M (±1% cap)

NOI $593,701 @ 7.0% cap · market cap 8.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 75707, TX

16,620

Population

6,858

Households

2.4

Avg Household Size

42

Median Age

34%

College-Educated

92%

High-School Grad

52.4 sq mi

ZIP Area

317

Density / Sq Mi

$85,406

Median Household Income

$44,425

Median Earnings

$1,415

Median Rent

$256,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

88-Unit Renovated Apartment Community

2713 S Broadway Ave, Tyler, TX 75701

Contact for pricing

View details

7-Unit Apartment Building

118 S Beverly Ave, Tyler, TX 75702

$150,000

4,000 SF

View details

12-Unit Apartment Property

14151 County Road 192, Tyler, TX 75703

$2,950,000

1.80 Acres

View details

24-Unit Townhome Apartment Community

1655 S KENNEDY AVE, Tyler, TX 75701

Contact for pricing

View details

Retail Center with Multi-Point Access

3219 South Southwest Loop 323, Tyler, TX 75701

$5,200,000

53,112 SF

View details

Arena Concert Venue

10408 State Highway 64 E, Tyler, TX 75707

$5,999,900

44.09 Acres

View details

Anchored Strip Mall

2702-2756 E. Fifth St, Tyler, TX 75701

$7,950,000

78,594 SF

View details

Mixed-Use Commercial Campus

9846 Hwy 31 E, Tyler, TX 75705

$2,250,000

28,254 SF

View details

One-Story Healthcare Redevelopment Building

2901 CR 2347, Tyler, TX 75708

$425,000

29,982 SF

View details

Medical Office Building

4801 Troup Hwy, Tyler, TX 75703

Contact for pricing

32,832 SF

View details

Industrial Warehouse with Drive-In Doors

12345 Massey, Tyler, TX 75708

$7,100,000

245,000 SF

View details

Renovated Warehouse with Loading

15393 State Highway 64, Tyler, TX 75704

Contact for pricing

30,000 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property featuring modern finishes, energy-efficient systems, and tenant-paid utilities.

Where is this apartment building located?

The property is located at 4344 Macnab Dr Tyler, TX.

What is the asking price?

The asking price for this property is $6,990,000.