Flex Space with Overhead
For Sale
$995,000
5004 FM 2767, Tyler, TX 75708
Flex space with office/showroom and warehouse areas, multiple overhead doors, and 14-foot eaves.
Property Size5,300 SF
Price / SF$92.56
Days on Market138
Property Features for 5004 FM 2767
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
3,200 SF
Office Build-Out
2,100 SF
Building Details
Building Size
5,300 SF
Listing Agency:
Drake Real Estate & Investments
(903) 405-1954
Listed By:
Hagan Baker · License #75703
(903) 405-1954
Source:
Draketexas
Added: Apr 16
Changed: Aug 31
Last Checked: Aug 31 at 2:02AM
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.
This flex-space property combines office/showroom functions with warehouse areas and overhead-door access. The improvements include three 12' x 12' overhead doors, 14' eaves, and one additional 14' x 12' overhead door.
The property is located at 5004 FM 2767 in Tyler, Texas, providing a defined address for commercial operations requiring both office presentation and warehouse capability.
The property is located at 5004 FM 2767 in Tyler, Texas, providing a defined address for commercial operations requiring both office presentation and warehouse capability.
Key Highlights
- Flex‑space property with office/showroom and warehouse areas
- Three 12' x 12' overhead doors
- 14' eaves
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
$55,845
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
5.61%
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%
$1,116,900
$1.1M
Cap Rate 7%
$797,786
$797.8K
Cap Rate 9%
$620,500
$620.5K
Market Conditions
NOI Build-Up for 10,750 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
$71.0K $6.60/SF
− Vacancy
−$5.3K −$0.49/SF
EGI
$65.7K $6.11/SF
− OpEx
−$9.9K −$0.92/SF
NOI
$55.8K $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 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%
$1,116,900
Cap Rate 7%
$797,786
Cap Rate 9%
$620,500
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,829 @ 7.0% cap · market cap 13.05%
Second Best
Warehouse
$797.8K
$698.1K – $930.8K
NOI $55,845 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,955 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75708, TX
8,294
Population
3,585
Households
2.3
Avg Household Size
33
Median Age
8%
College-Educated
65%
High-School Grad
56.5 sq mi
ZIP Area
147
Density / Sq Mi
$81,500
Median Household Income
$37,087
Median Earnings
$865
Median Rent
$131,100
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?
Flex space - Flex space with office/showroom and warehouse areas, multiple overhead doors, and 14-foot eaves.
Where is this flex space located?
The property is located at 5004 FM 2767 Tyler, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Flex‑space property with office/showroom and warehouse areas; Three 12' x 12' overhead doors; 14' eaves
