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    5111 Troup Hwy Tyler, TX 75707

    For Lease
    $10 SF/Yr ($12,500 /Mo)

    Prime Smith County Retail/Office Opportunity

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Southpoint Plaza, a 15,000 square foot strip center in Smith County, offers exceptional retail and office space for lease. Built in 1984 and situated on a 2.23-acre lot, this well-maintained property boasts 53 parking spaces and is zoned C-1. Currently, three spaces are available, ranging from 1,260 to 1,310 contiguous square feet, with a total of 2,570 square feet of vacant space. The minimum divisible space is 1,260 square feet. One available space features approximately 1,225 square feet of open retail area, complemented by a separate office and workroom. Another offers 1,310 square feet, including a reception area and six private offices. The property benefits from high visibility, with pylon signage on Troup Highway (Highway 110), near the intersection with Shiloh Road. This location enjoys significant traffic, with approximately 26,254 vehicles per day (VPD) according to 2021 TXDOT data. Established tenants include Rose Dental Care, Domino's, Divine Nail & Spa, and AAA Vacuum, creating a strong and diverse tenant mix. Lease rates are $10.00-$12.00 per square foot, NNN. This presents a unique opportunity for businesses seeking a prominent location in a thriving commercial area.

    Property Features for 5111 Troup Hwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Total Rate
    12500

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Suite 104
    Size
    1,260 SF
    Rate per SF
    $13
    Space
    Suite 111
    Size
    1,310 SF
    Rate per SF
    $10
    Space
    Suite 108
    Size
    1,260 SF
    Rate per SF
    $13

    HighLights

    • 15,000 SF strip center with 2,570 SF of vacant space available.
    • Spaces range from 1,260 to 1,310 SF.
    • Lease rate: $10‑12/SF NNN.
    • Pylon signage on Troup Hwy.
    • Located at the intersection of Troup Hwy (Hwy 110) and Shiloh Rd, with 26,254 VPD traffic count (TXDOT '21).
    • Strong tenant mix including Rose Dental Care, Domino's, Divine Nail & Spa, and AAA Vacuum.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Divine Nails & Spa Nail Salon Domino's Pizza Pizza Delivery Zip Cash Loan Agency AAA Vacuum Sales ... Vacuum Cleaner Store Green Foot & Body ... Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2609756
    Latitude
    32.2938987

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Smith County Retail/Office Opportunity
    Where is this neighborhood center located?
    The property is located at 5111 Troup Hwy Tyler, TX.
    What is the lease rate?
    The lease rate is $10-$13 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF strip center with 2,570 SF of vacant space available.; Spaces range from 1,260 to 1,310 SF.; Lease rate: $10-12/SF NNN.
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5111 Troup Hwy Tyler, TX 75707
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