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    Partially Leased Office-Retail Building Title is generated by Realmo AI

    913 W Bow Street, Tyler, TX 75702

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    For Sale
    $453,000

    SINGLE_FAMILY - Tyler, TX

    Type:Office
    Lot size:
    0.30 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 913 W Bow Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    150000038402108010
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2014
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Combination, Vinyl
    Building materials
    Brick
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Matthew Marshall

    Listing agent Matthew Marshall License #0544812

    Listing office Drake Real Estate Tyler, TX

    Listing date Mar 13, 2026

    MLS# 20883906

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Five‑unit office/retail building built in 2014 with brick exterior
    • Three suites are leased under one tenant; remaining space includes a 1,800 SF suite needing drywall and flooring
    • Upstairs 600 SF is framed and designed for a potential apartment or extended office/retail space
    • Located just north of Tyler’s downtown square along W Gentry Pkwy; in a Qualified Opportunity Zone
    • Central HVAC with electric heating and electric central air
    • Roof is flat with metal surfacing; public water and parking lot included

    Overview

    913 W Bow Street is a partially leased five-unit office-retail building with a mix of occupied and unfinished space. Three of the suites are leased under one tenant, providing current income. The remaining space includes a 1,800 SF suite that needs drywall and flooring to be ready for occupancy, plus a 600 SF upstairs area that is framed and designed for a potential apartment (or an extension of office retail).

    The building is located just north of Tyler’s downtown square along W Gentry Pkwy. It also sits within a Qualified Opportunity Zone. The combination of partially leased units and space that can be improved creates flexibility for an owner seeking multiple ways to deploy the property.

    This setup can appeal to investors looking for established tenancy with room to add value through finish-out, as well as owner-operators who want to control both the occupied suites and the additional rentable footprint. The framed upstairs area may support either a residential-style concept or a more traditional office-retail expansion, depending on how the final improvements are planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.310932
    Latitude
    32.358598

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    FAQs

    What type of property is this?
    Office units - Five-unit property with in-place tenancy and additional space ready for renovation or conversion to living or office use.
    Where is this office units located?
    The property is located at 913 W Bow Street Tyler, TX.
    What is the asking price?
    The asking price for this property is $453,000.
    What are key features of this property?
    This property features: Five‑unit office/retail building built in 2014 with brick exterior; Three suites are leased under one tenant; remaining space includes a 1,800 SF suite needing drywall and flooring; Upstairs 600 SF is framed and designed for a potential apartment or extended office/retail space
    (903) 581-3737
    We can help!
    Listing Contact
    Matthew Marshall
    Real Estate License ID: 0544812
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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