Live-Work Triplex with
For Sale
$500,000
6674 Fm 2767, Tyler, TX 75708
Renovated three-unit triplex includes tile finishes and utility room upgrades, plus an on-site commercial workshop building.
Property Size4,788 SF
Price / SF$104.43
Days on Market73
Property Features for 6674 Fm 2767
General Information
Standard status
Active
Size
4,788 SF
Taxes and HOA fees
Annual Taxes
$2,986
Listing Agency:
ADT Realty Brokers
(832) 260-3743
Listed By:
Kyle Smith · License #0359850
(903) 530-4171
Source:
Exprealty
Added: Jul 1
Changed: Sep 4
Last Checked: Sep 11 at 12:28PM
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 ADT Realty Brokers
Investment Insights
Based on property information with market context.
This property combines a renovated three-unit triplex with an attached commercial workshop building. The triplex units have been recently remodeled with updated flooring, fresh paint, appliances, and tile surfaces designed for easier maintenance. Utility rooms have been added to two of the three units, and the third unit includes kitchen space that can accommodate a stackable setup.
The commercial building, formerly used for the owners business, offers features intended for hands-on work, including rolling track/lift support for heavier tasks and two oversized offices. The building also includes a bath with shower in one office and a half bath in the shop storage/parts area. A carport is also present, providing an additional option for utility room placement if desired.
With a mix of residential income units and flexible workshop space, the configuration supports multiple day-to-day layouts within one property footprint.
The commercial building, formerly used for the owners business, offers features intended for hands-on work, including rolling track/lift support for heavier tasks and two oversized offices. The building also includes a bath with shower in one office and a half bath in the shop storage/parts area. A carport is also present, providing an additional option for utility room placement if desired.
With a mix of residential income units and flexible workshop space, the configuration supports multiple day-to-day layouts within one property footprint.
Key Highlights
- Renovated three‑unit triplex with newly remodeled flooring, paint, and appliances in all three units
- Two of the three units include added utility rooms
- Tile surfaces throughout for easy maintenance and durability
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
$43,246
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
8.65%
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%
$864,920
$864.9K
Cap Rate 7%
$617,800
$617.8K
Cap Rate 9%
$480,511
$480.5K
Market Conditions
NOI Build-Up for 4,788 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
$66.1K $13.80/SF
− Vacancy
−$4.3K −$0.90/SF
EGI
$61.8K $12.90/SF
− OpEx
−$18.5K −$3.87/SF
NOI
$43.2K $9.03/SF
Area
Tyler, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$864,920
Cap Rate 7%
$617,800
Cap Rate 9%
$480,511
Alternative Uses
Best Use
Multifamily LT 5
$617.8K
$540.6K – $720.8K
NOI $43,246 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$579.0K
$506.6K – $675.5K
NOI $40,528 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$1.07M
$935.1K – $1.25M
NOI $74,806 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 75708, TX
8,294
Population
3,585
Households
2.3
Avg Household Size
33
Median Age
8%
College-Educated
65%
High-School Grad
56.5 sq mi
ZIP Area
147
Density / Sq Mi
$81,500
Median Household Income
$37,087
Median Earnings
$865
Median Rent
$131,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-unit triplex includes tile finishes and utility room upgrades, plus an on-site commercial workshop building.
Where is this triplex located?
The property is located at 6674 Fm 2767 Tyler, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Renovated three‑unit triplex with newly remodeled flooring, paint, and appliances in all three units; Two of the three units include added utility rooms; Tile surfaces throughout for easy maintenance and durability
