Move-In Ready Office
For Sale
Contact for pricing
6115 NEW COPELAND RD, Tyler, TX 75703
End-of-complex office suite with four private offices, reception, kitchen, and private restroom for streamlined day-to-day operations.
Property Size1,392 SF
Price / SF$258.62
Days on Market94
Property Features for 6115 NEW COPELAND RD
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Retail, Office
Zoning
PCD
Investment Type
Owner/User
Building Details
Year Built
2015
Stories
1
Listing Agency:
Prime Realty, LLC
(817) 521-1124
Listed By:
Shawna Jackson · License #0634279
Source:
Crexi
Added: May 29
Changed: Aug 23
Last Checked: Jun 6 at 2:33AM
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 Prime Realty, LLC
Investment Insights
Based on property information with market context.
This move-in ready commercial office suite is designed for a professional, functional workspace. The layout includes four private offices plus a welcoming reception area, supporting both client-facing interactions and day-to-day operations. The suite also features a fully equipped kitchen and a private restroom, providing convenient amenities for staff and guests. For flexible use, the private office rooms can be adapted as conference or copy rooms, depending on how your team operates.
Located at 6115 NEW COPELAND RD in Tyler, TX, the suite is positioned at the end of the complex, which brings additional natural light and an open feel to the space. The property is also described as being in a visible, prominent area and is conveniently situated near stores, restaurants, and other businesses.
With dedicated private offices, a reception area, and on-site kitchen and restroom access, this suite is well suited for professional services and office users seeking a ready-to-occupy setup. The end-of-complex configuration and multiple room options support teams that need separate work areas while still maintaining a central entry and common reception function.
Located at 6115 NEW COPELAND RD in Tyler, TX, the suite is positioned at the end of the complex, which brings additional natural light and an open feel to the space. The property is also described as being in a visible, prominent area and is conveniently situated near stores, restaurants, and other businesses.
With dedicated private offices, a reception area, and on-site kitchen and restroom access, this suite is well suited for professional services and office users seeking a ready-to-occupy setup. The end-of-complex configuration and multiple room options support teams that need separate work areas while still maintaining a central entry and common reception function.
Key Highlights
- 2015‑built move‑in‑ready commercial office suite in an end‑of‑complex location
- Includes four private offices plus a welcoming reception area
- Features a fully equipped kitchen for daily operations
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
$16,811
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
4.67%
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%
$336,220
$336.2K
Cap Rate 7%
$240,157
$240.2K
Cap Rate 9%
$186,789
$186.8K
Market Conditions
NOI Build-Up for 1,392 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
$23.7K $17.04/SF
− Vacancy
−$1.3K −$0.94/SF
EGI
$22.4K $16.10/SF
− OpEx
−$5.6K −$4.03/SF
NOI
$16.8K $12.08/SF
Area
Tyler, TX
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$336,220
Cap Rate 7%
$240,157
Cap Rate 9%
$186,789
Alternative Uses
Best Use
Office B
$240.2K
$210.1K – $280.2K
NOI $16,811 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,748 @ 7.0% cap · market cap 6.04%
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
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?
Office units - End-of-complex office suite with four private offices, reception, kitchen, and private restroom for streamlined day-to-day operations.
Where is this office units located?
The property is located at 6115 NEW COPELAND RD Tyler, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2015‑built move‑in‑ready commercial office suite in an end‑of‑complex location; Includes four private offices plus a welcoming reception area; Features a fully equipped kitchen for daily operations
