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 Market80
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 Real Estate
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: Jun 17
Changed: Aug 31
Last Checked: Aug 28 at 2:02PM
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 Real Estate
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 = 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
$397,136
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
8.61%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
