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    2119 Loop Rd 323 Tyler, TX 75703

    Sponsored
    For Lease
    $40 SF/Yr ($10,183 /Mo)

    Prime Tyler location, 3,055 sq ft, high traffic.

    Lot size:
    3,055 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,055-square-foot Class A medical office building presents a unique investment opportunity in Tyler, Texas. Situated at the highly visible intersection of Loop 323 and Troup Highway, this single-tenant property boasts unmatched visibility with 70,000 cars passing daily. Built in 2000 and extensively renovated in 2014, the building features a new single-membrane roof, updated HVAC, plumbing, and electrical systems. The 0.42-acre lot includes 18 parking spaces. The property's strategic location benefits from proximity to major retailers including Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald's, Walgreens, Chick-fil-A, Starbucks, and the Broadway Square Mall, the only regional mall in East Texas. Furthermore, its adjacency to the University of Texas at Tyler, with its over 9,000 students and a newly announced medical program, ensures a strong and growing potential customer base. Smith County's impressive 2.22% annual population growth further underscores the long-term viability of this investment. The property is currently configured as a medical office but offers potential for conversion to fast food, given its high visibility and traffic count. Property taxes are $2.99 per square foot. The building is one story and has no elevators.

    Property Features for 2119 Loop Rd 323

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,055 SF
    Class
    A
    Total Rate
    10183.33

    Building Details

    Year Built/Renovated
    2000/2014
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,055 SF
    Rate per SF
    $50

    HighLights

    • 3,055 SF Class A medical office building for lease, immediately available.
    • High‑visibility corner location at Loop 323 and Troup Highway, with 70,000 cars passing daily.
    • Exceptional visibility and location in Tyler, TX, surrounded by national retailers.
    • Strong demographics, including 2.2% annual population growth in Smith County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.274914685834
    Latitude
    32.310408864682

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    FAQs

    What type of property is this?
    Restaurant - Prime Tyler location, 3,055 sq ft, high traffic.
    Where is this restaurant located?
    The property is located at 2119 Loop Rd 323 Tyler, TX.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: 3,055 SF Class A medical office building for lease, immediately available.; High-visibility corner location at Loop 323 and Troup Highway, with 70,000 cars passing daily.; Exceptional visibility and location in Tyler, TX, surrounded by national retailers.
    Request Owner's contact information
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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
    2119 Loop Rd 323 Tyler, TX 75703
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