Updated Medical
For Sale
Contact for pricing
601 Turtle Creek Dr, Tyler, TX 75701
Updated medical clinic in a Midtown commercial area, close to hospitals and other medical offices.
Property Size1,721 SF
Price / SF$177.22
Days on Market225
Property Features for 601 Turtle Creek Dr
General Information
Standard status
Active
Size
1,721 SF
Class
C
Property subtype
Office
Zoning
RPO
Building Details
Year Built
1976
Buildings
1
Stories
1
Units
1
Listing Agency:
Drake Real Estate & Investments
Listed By:
Becky Mccord · License #644702
(903) 780-9029
Source:
Crexi
Added: Mar 25
Changed: Oct 25
Last Checked: Nov 3 at 6:39AM
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
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Investment Insights
Based on property information with market context.
Updated medical clinic space located at 601 Turtle Creek Dr, Tyler, TX 75701. The property has been updated and is sized at 1,721 SF, making it suitable for healthcare and related administrative use.
Situated in a Midtown commercial area, the clinic is positioned close to hospitals and medical offices. That surrounding medical concentration can support tenants seeking convenient access for patients and staff.
This space is presented as a fit for professional, healthcare, or administrative users, with its clinic configuration and updated condition aligned to those needs.
Situated in a Midtown commercial area, the clinic is positioned close to hospitals and medical offices. That surrounding medical concentration can support tenants seeking convenient access for patients and staff.
This space is presented as a fit for professional, healthcare, or administrative users, with its clinic configuration and updated condition aligned to those needs.
Key Highlights
- Updated medical clinic with updated improvements
- 1,721 SF medical clinic space
- Located in a Midtown commercial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,817
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,340
$416.3K
Cap Rate 7%
$297,386
$297.4K
Cap Rate 9%
$231,300
$231.3K
Market Conditions
NOI Build-Up for 1,721 SF
Gross rent
$36.1K $21.00/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$34.7K $20.16/SF
− OpEx
−$13.9K −$8.06/SF
NOI
$20.8K $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%
$416,340
Cap Rate 7%
$297,386
Cap Rate 9%
$231,300
Alternative Uses
Best Use
Healthcare Medical
$297.4K
$260.2K – $347.0K
NOI $20,817 @ 7.0% cap · market cap 6.83%
Second Best
Office B
$296.9K
$259.8K – $346.4K
NOI $20,785 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$384.1K
$336.1K – $448.1K
NOI $26,888 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,778
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75701, TX
34,502
Population
14,630
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
14.1 sq mi
ZIP Area
2,447
Density / Sq Mi
$62,091
Median Household Income
$29,448
Median Earnings
$1,250
Median Rent
$190,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Erwin Veterinarian — 112 W Erwin St, Tyler, TX 75702
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated medical clinic in a Midtown commercial area, close to hospitals and other medical offices.
Where is this medical office space located?
The property is located at 601 Turtle Creek Dr Tyler, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Updated medical clinic with updated improvements; 1,721 SF medical clinic space; Located in a Midtown commercial area
