Two-Suite Office
For Sale
$650,000
6115 New Copeland Road #510 & 520, Tyler, TX 75703
Flexible commercial office layout with private work areas, separate entrances, shared amenities, and a dedicated golf simulator room.
Property Size2,348 SF
Days on Market131
Property Features for 6115 New Copeland Road #510 & 520
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Commercial
Zoning
Commercial Property
Additional Details
Office Units
2
Amenities
shared kitchen and break room area
dedicated golf simulator room
Building Details
Building Size
2,348 SF
Year Built
2018
Stories
1
Units
2
Listing Agency:
The Property Shoppe - eXp Realty, LLC
(903) 520-7370
Listed By:
Cindi Featherston-Shields · License #0433186
Source:
Signaturere
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 12:05AM
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.
Built in 2018, this commercial office property is configured as two suites with separate entrances and restrooms. Each suite includes private offices with built-in shelving and cabinetry, open work areas, and meeting space. The layout can support one occupant or multiple tenants, while the shared kitchen and break room provide space for meals, meetings, and informal collaboration. A dedicated golf simulator room adds a distinctive recreational and client-facing amenity within the building.
Located at 6115 New Copeland Road, the property is zoned Commercial Property and includes suites 510 and 520. Its combination of private offices, adaptable workspace, meeting areas, and shared facilities provides a practical setting for professional, creative, medical, or wellness-oriented office users, as described in the property information.
Located at 6115 New Copeland Road, the property is zoned Commercial Property and includes suites 510 and 520. Its combination of private offices, adaptable workspace, meeting areas, and shared facilities provides a practical setting for professional, creative, medical, or wellness-oriented office users, as described in the property information.
Key Highlights
- Two‑suite office configuration with separate entrances and restrooms
- Built in 2018 with private offices, built‑in shelving, and cabinetry
- Open work areas and meeting space within each suite
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
27
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 commercial office layout with private work areas, separate entrances, shared amenities, and a dedicated golf simulator room.
Where is this office building located?
The property is located at 6115 New Copeland Road #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: Two‑suite office configuration with separate entrances and restrooms; Built in 2018 with private offices, built‑in shelving, and cabinetry; Open work areas and meeting space within each suite
