Two-Suite Office
For Sale
$650,000
6115 New Copeland Rd Ste 510 & 520, Tyler, TX 75703
Commercial Sale, Tyler, TX
Property Size2,348 SF
Price / SF$276.83
Days on Market291
Property Features for 6115 New Copeland Rd Ste 510 & 520
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Inside City Limits
Directions
South Broadway - East on Grande to New Copeland Road. North on Copeland Road. Office complex is on left.
Standard status
Active
Size
2,348 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Copeland Point Professional Park Blk 1513A 28A,28B
Tax Annual Amount
8349
Legal Description
Copeland Point Professional Park Blk 1513A 28A,28B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
golf simulator room
shared kitchen and break room area
Building Details
Number of units
2
Building materials
Stone
Listing Agency:
The Property Shoppe - eXp Realty, LLC · ERA Real Estate
(903) 561-2200
Listed By:
Cindi Featherston-Shields · License #0433186
(903) 520-7370
Added: Nov 7, 2025
Changed: Aug 20
Last Checked: Aug 25 at 7:06AM
MLS# 25016348
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 2,348-square-foot office building at 6115 New Copeland Rd in Tyler is configured as two suites, each with its own entrance and restroom. The interior plan includes private offices, built-in shelving and cabinetry, adaptable open work areas, and meeting space. A common kitchen and break room support day-to-day staff use and informal gatherings, while a separate golf simulator room provides an uncommon recreational feature within the office environment.
The property has stone construction, central heating, central air, electric cooling, public water, and public sewer. Its two-suite arrangement can accommodate an owner-user, multiple occupants, or an office investment with distinct workspace areas. The layout combines enclosed offices with shared functional areas while maintaining separate suite access.
The property has stone construction, central heating, central air, electric cooling, public water, and public sewer. Its two-suite arrangement can accommodate an owner-user, multiple occupants, or an office investment with distinct workspace areas. The layout combines enclosed offices with shared functional areas while maintaining separate suite access.
Key Highlights
- 2,348‑square‑foot office building in Tyler
- Two suites with separate entrances and restrooms
- 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
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
280
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 professional property with independent suite access, 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‑square‑foot office building in Tyler; Two suites with separate entrances and restrooms; Private offices with built‑in shelves and cabinets
