Two-Suite Office
For Sale
$650,000
6115 New Copeland Rd Ste 510 & 520, Tyler, TX 75703
Flexible office layout with separate entrances, private restrooms, shared amenities, and a dedicated golf simulator room.
Property Size2,348 SF
Price / SF$276.83
Days on Market290
Property Features for 6115 New Copeland Rd Ste 510 & 520
General Information
Standard status
Active
Size
2,348 SF
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,348
Listing Agency:
The Property Shoppe - eXp Realty, LLC
(903) 520-7370
Listed By:
Cindi Featherston-Shields · License #0433186
(903) 520-7370
Source:
Exprealty
Added: Nov 7, 2025
Changed: Aug 21
Last Checked: Aug 23 at 8:04AM
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 The Property Shoppe - eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,348-square-foot office building is configured as two suites, each with private offices, built-in shelving and cabinetry, adaptable open workspace, and meeting areas. Separate entrances and restrooms support independent occupancy, while the overall layout can accommodate one user or multiple tenants. A shared kitchen and break room provide space for meals, meetings, and staff gatherings. The property also includes a dedicated golf simulator room, adding a distinctive recreational and client-facing amenity within the office environment.
Located at 6115 New Copeland Rd, Ste 510 & 520, in Tyler, Texas, the property offers a practical combination of private work areas, collaborative space, and shared facilities. Its suite configuration and existing improvements support a range of office operations, including professional, creative, medical, or wellness uses as described in the property information.
Located at 6115 New Copeland Rd, Ste 510 & 520, in Tyler, Texas, the property offers a practical combination of private work areas, collaborative space, and shared facilities. Its suite configuration and existing improvements support a range of office operations, including professional, creative, medical, or wellness uses as described in the property information.
Key Highlights
- 2,348 SF office building arranged as two suites
- Separate entries and restrooms for each suite
- Private offices with built‑in shelves and cabinets
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
$28,357
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
4.36%
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%
$567,140
$567.1K
Cap Rate 7%
$405,100
$405.1K
Cap Rate 9%
$315,078
$315.1K
Market Conditions
NOI Build-Up for 2,348 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
$40.0K $17.04/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$37.8K $16.10/SF
− OpEx
−$9.5K −$4.03/SF
NOI
$28.4K $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%
$567,140
Cap Rate 7%
$405,100
Cap Rate 9%
$315,078
Alternative Uses
Best Use
Office B
$405.1K
$354.5K – $472.6K
NOI $28,357 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.1K
$458.6K – $611.4K
NOI $36,684 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
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 building - Flexible office layout with separate entrances, private restrooms, shared amenities, and a dedicated golf simulator room.
Where is this office building located?
The property is located at 6115 New Copeland Rd Ste 510 & 520 Tyler, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,348 SF office building arranged as two suites; Separate entries and restrooms for each suite; Private offices with built‑in shelves and cabinets
