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    5230 Old Jacksonville Hwy Tyler, TX 75703

    For Lease
    $25 SF/Yr

    Tyler, TX: Class A Office Space Available

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Millennium Plaza offers 9,283 square feet of immediately available Class A office space in two modern, two-story buildings totaling 40,000 square feet. Located at the highly visible intersection of Old Jacksonville Hwy and Rice Rd in Tyler, Texas, this property boasts a prime location within a thriving retail and office corridor. The complex features a tranquil central courtyard, multiple staircases, two elevators, and ample parking. Individual suites range from 963 to 2,373 contiguous square feet, with up to 30,000 contiguous square feet potentially available. Built in 2020, the buildings offer flexible floor plans adaptable to various business needs, including medical and creative office uses. Amenities include second-floor balconies and a convenient location near dining, banking, and retail options. The property is a full-service gross building, meaning all utilities are included. Smith County APN: 150000155402003050. This is an exceptional opportunity for businesses seeking a prestigious and functional workspace in a desirable location. The property is easily accessible and benefits from a park-like setting despite its central location. The unique design and abundant amenities make Millennium Plaza an ideal choice for discerning tenants.

    Property Features for 5230 Old Jacksonville Hwy

    General Information

    Property type
    Government properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    A
    Total Rate
    83333.33

    Building Details

    Year Built
    2020
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 201 N
    Size
    1,799 SF
    Rate per SF
    $25
    Space
    Suite 1 South
    Size
    963 SF
    Rate per SF
    $25

    HighLights

    • Class A office building totaling 40,000 square feet in two, two‑story buildings.
    • Located at the highly visible corner of Old Jacksonville Hwy and Rice Rd in Tyler, TX's Old Jacksonville Hwy Corridor.
    • Offers 9,283 square feet of vacant space, divisible into units ranging from 963 to 2,373 square feet.
    • Features a central courtyard, elevators, ample parking, and second‑floor balconies.
    • Built in 2020 with a full‑service gross lease structure (utilities included).
    Property Profile Location Intelligence

    Current Use by Public Records

    Kim Houser, The Property ... Real Estate Agent Barbara Phaup - REALTOR Real Estate Agent Michelle Neilson Exp ... Real Estate Agent Expert Billing Services Medical Billing Service The Property Shoppe Group ... Property Management Company

    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
    -95.326186
    Latitude
    32.2903046

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    FAQs

    What type of property is this?
    Government property - Tyler, TX: Class A Office Space Available
    Where is this government property located?
    The property is located at 5230 Old Jacksonville Hwy Tyler, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 40,000 square feet in two, two-story buildings.; Located at the highly visible corner of Old Jacksonville Hwy and Rice Rd in Tyler, TX's Old Jacksonville Hwy Corridor.; Offers 9,283 square feet of vacant space, divisible into units ranging from 963 to 2,373 square feet.
    Request Owner's contact information
    5230 Old Jacksonville Hwy Tyler, TX 75703
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    Tyler, TX 75703
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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
    5230 Old Jacksonville Hwy Tyler, TX 75703
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