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$188.84
Days on Market131
Property Features for 601 Turtle Creek Dr
General Information
Standard status
Active
Size
1,721 SF
Property subtype
OFFICE
Listing Agency:
Drake Real Estate & Investments
(903) 780-9029
Listed By:
Becky McCord, SIOR · License #0715170
(903) 780-9029
Source:
Moodyscre
Added: Mar 25
Changed: Jul 30
Last Checked: Aug 2 at 9:40AM
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.
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 For Healthcare Medical
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 | $36.1k | $21.00 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $34.7k | $20.16 |
| − OpEx | −$13.9k | −$8.06 |
| NOI | $20.8k | $12.10 |
1,721 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$297.4K
$260.2K – $347.0K
NOI $20,817 @ 7.0% cap · market cap 6.41%
Second Best
Office B
$296.9K
$259.8K – $346.4K
NOI $20,785 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$384.1K
$336.1K – $448.1K
NOI $26,888 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,778
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $325,000.
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
