Medical Office
For Sale
Contact for pricing
4801 Troup Highway, Tyler, TX 75703
Fully occupied medical and office property with a reported 70% medical tenant mix.
Property Size32,832 SF
Price / SF$140.41
Days on Market129
Property Features for 4801 Troup Highway
General Information
Standard status
Active
Size
32,832 SF
Property subtype
Office
Occupancy
100%
Net Operating Income
$345,539
Additional Details
Cap Rate
7.5%
Traffic Count
29,000 vehicles/day
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: Jun 17
Changed: Oct 21
Last Checked: Oct 20 at 9:15PM
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 Summit RE
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Investment Insights
Based on property information with market context.
This is a for-sale medical office building that is reported to be 100% occupied. The tenant mix is described as 70% medical, with the remaining occupancy categorized as non-medical office use. The offering includes a stated 7.50% cap rate.
The property is located at 4801 Troup Hwy in Tyler, Texas. Public remarks also reference 29,000+ vehicles per day.
The building size is listed at 32,832 square feet, with the purchase price reported as $4,610,000.
The property is located at 4801 Troup Hwy in Tyler, Texas. Public remarks also reference 29,000+ vehicles per day.
The building size is listed at 32,832 square feet, with the purchase price reported as $4,610,000.
Key Highlights
- Year built 1983
- 100% occupied property
- Reported 7.50% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$397,136
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,942,720
$7.9M
Cap Rate 7%
$5,673,371
$5.7M
Cap Rate 9%
$4,412,622
$4.4M
Market Conditions
NOI Build-Up for 32,832 SF
Gross rent
$689.5K $21.00/SF
− Vacancy
−$27.6K −$0.84/SF
EGI
$661.9K $20.16/SF
− OpEx
−$264.8K −$8.06/SF
NOI
$397.1K $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 Rate 5%
$7,942,720
Cap Rate 7%
$5,673,371
Cap Rate 9%
$4,412,622
Alternative Uses
Best Use
Healthcare Medical
$5.67M
$4.96M – $6.62M
NOI $397,136 @ 7.0% cap · market cap 8.61%
Second Best
Office B
$5.66M
$4.96M – $6.61M
NOI $396,515 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$7.33M
$6.41M – $8.55M
NOI $512,958 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
29,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 75703, TX
44,428
Population
20,045
Households
2.2
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
55.1 sq mi
ZIP Area
806
Density / Sq Mi
$76,347
Median Household Income
$45,301
Median Earnings
$1,262
Median Rent
$310,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Fully occupied medical and office property with a reported 70% medical tenant mix.
Where is this medical center located?
The property is located at 4801 Troup Highway Tyler, TX.
What is the asking price?
The asking price for this property is $4,610,000.
What are key features of this property?
This property features: Year built 1983; 100% occupied property; Reported 7.50% cap rate
