High Visibility Office/Warehouse For
For Sale
Contact for pricing
3401 N Northeast Loop 323, Tyler, TX 75708
10,000+ sqft office/warehouse with loading dock and fenced yard.
Property Size10,667 SF
Price / SF$63.28
Days on Market865
Property Features for 3401 N Northeast Loop 323
General Information
Standard status
Active
Size
10,667 SF
Property subtype
Land
Building Details
Buildings
2
Stories
1
Listing Agency:
Coldwell Banker Apex Realtors Tyler
(903) 730-1033
Listed By:
Laura Adams · License #TX
Source:
Crexi
Added: Mar 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:22AM
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 Coldwell Banker Apex Realtors Tyler
Investment Insights
Based on property information with market context.
This property is a high visibility office/warehouse building with over 10,000 square feet of space. It features two overhead doors, a loading dock, and a fenced yard suitable for equipment or general storage. The building includes a lobby and multiple separate offices. The warehouse area at the back of the building also contains several offices and open work spaces. The property size is 10667 square feet.
Key Highlights
- High visibility location ideal for office/warehouse use.
- Boasting over 10,000 square feet of total space.
- Includes office space (lobby, multiple separate offices) and warehouse space (offices, open workspaces).
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
$55,414
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
8.21%
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%
$1,108,280
$1.1M
Cap Rate 7%
$791,629
$791.6K
Cap Rate 9%
$615,711
$615.7K
Market Conditions
NOI Build-Up for 10,667 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
$70.4K $6.60/SF
− Vacancy
−$5.2K −$0.49/SF
EGI
$65.2K $6.11/SF
− OpEx
−$9.8K −$0.92/SF
NOI
$55.4K $5.19/SF
Area
Tyler, TX
Vacancy
7.40%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,108,280
Cap Rate 7%
$791,629
Cap Rate 9%
$615,711
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,826 @ 7.0% cap · market cap 19.09%
Second Best
Warehouse
$791.6K
$692.7K – $923.6K
NOI $55,414 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,658 @ 7.0% cap · market cap 24.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,000+ sqft office/warehouse with loading dock and fenced yard.
Where is this warehouse located?
The property is located at 3401 N Northeast Loop 323 Tyler, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: High visibility location ideal for office/warehouse use.; Boasting over 10,000 square feet of total space.; Includes office space (lobby, multiple separate offices) and warehouse space (offices, open workspaces).
