Office Unit in New
For Sale
$391,500
5647 KPE Way Option 2, Tyler, TX 75703
COMMERCIAL - Tyler, TX
Property Size1,740 SF
Lot Size1.89 Acres
Price / SF$225
Days on Market202
Property Features for 5647 KPE Way Option 2
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Lot features
Inside City Limits
Directions
From the intersection of WSW Loop 323 and Old Jacksonville Hwy, head south on Old Jacksonville Hwy. In approx. 1.14 miles, right right onto Kpe Way. Property will be just ahead in about 400 feet.
Standard status
Active
Size
1,740 SF
Lot size
1.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST VILLAGE NORTH U-1 BLOCK 1662 LOT 1C.1
Legal Description
WEST VILLAGE NORTH U-1 BLOCK 1662 LOT 1C.1
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Building materials
Stucco
Listing Agency:
Drake Real Estate & Investments
(903) 581-3737
Listed By:
Matthew Marshall · License #75703
(903) 443-5894
Added: Jan 14
Changed: Aug 4
Last Checked: Aug 4 at 7:06PM
MLS# 26000665
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office unit represents the half-building purchase option within a two-building commercial project. The 1,740-square-foot property is under construction and scheduled for delivery in Summer 2026 in shell condition, allowing the buyer to complete the interior for its intended use. Stucco is specified as the construction material, with public water and public sewer serving the property.
The site provides 99 total parking spaces and records traffic of 34,726 VPD based on TxDot 2024 counts. C-1 zoning supports the property’s office classification. The offering is identified as Option 2, while the full-building alternative is listed separately.
The site provides 99 total parking spaces and records traffic of 34,726 VPD based on TxDot 2024 counts. C-1 zoning supports the property’s office classification. The offering is identified as Option 2, while the full-building alternative is listed separately.
Key Highlights
- 1,740‑square‑foot office unit
- Option 2 offers a half‑building purchase within a two‑building project
- Scheduled for delivery in Summer 2026 in shell condition
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $17.04 |
| − Vacancy | −$1.6k | −$0.94 |
| EGI | $28.0k | $16.10 |
| − OpEx | −$7.0k | −$4.03 |
| NOI | $21.0k | $12.08 |
1,740 SF · lease $17.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$300.2K
$262.7K – $350.2K
NOI $21,014 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$388.4K
$339.8K – $453.1K
NOI $27,185 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Half-building office opportunity delivered in shell condition with C-1 zoning and public utilities.
Where is this office units located?
The property is located at 5647 KPE Way Option 2 Tyler, TX.
What is the asking price?
The asking price for this property is $391,500.
What are key features of this property?
This property features: 1,740‑square‑foot office unit; Option 2 offers a half‑building purchase within a two‑building project; Scheduled for delivery in Summer 2026 in shell condition
