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    The Largest CRE Database in the US with Over 1 Million Listings

    909 Loop Rd 323 Tyler, TX 75701

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    113,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    One American Center, a Class A, seven-story medical office building in Tyler, Texas, offers 19,469 square feet of vacant space. This exceptional property, situated on a 5.39-acre lot at 909 E SE Loop 323 (cross street: New Copeland), boasts 113,708 total square feet and is conveniently located near Tyler's medical district and vibrant retail/dining areas. Multiple tenancy options are available, ranging from 794 to 3,114 contiguous square feet, making it ideal for various medical practices. Built in 1983, the building features two passenger elevators, a four-story atrium, on-site property management and engineering, a conference room, kitchen, break room, and vending machines. The property's PMXD-1 zoning and numerous entrances/exits ensure easy access and ample parking. This is a rare opportunity to secure prime medical office space in a highly desirable location. The property's APN is R071418. Contact us today to learn more about leasing opportunities.

    Property Features for 909 Loop Rd 323

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    113,708 SF
    Class
    A
    Total Rate
    170562

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    6th Floor, Suite 625
    Size
    1,435 SF
    Rate per SF
    $18
    Space
    6th Floor, Suite 600
    Size
    2,892 SF
    Rate per SF
    $18
    Space
    3rd Floor, Suite 330
    Size
    794 SF
    Rate per SF
    $18
    Space
    4th Floor, Suite 410
    Size
    1,380 SF
    Rate per SF
    $18
    Space
    6th Floor, Suite 630
    Size
    2,668 SF
    Rate per SF
    $18
    Space
    1st Floor, Suite 100
    Size
    3,114 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Mark Whatley
    Mark Whatley

    Learn more

    HighLights

    • 19,469 SF of vacant space available in a 113,708 SF Class A medical office building.
    • On‑site management and engineering.
    • After‑hours tenant access with keycard.
    • Ample parking for tenants and visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2913857
    Latitude
    32.3020381

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 909 Loop Rd 323 Tyler, TX.
    What is the lease rate?
    The lease rate is $18-$18 SF/Yr.
    What are key features of this property?
    This property features: 19,469 SF of vacant space available in a 113,708 SF Class A medical office building.; On-site management and engineering.; After-hours tenant access with keycard.
    Request Owner's contact information
    909 Loop Rd 323 Tyler, TX 75701
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    Tyler, TX 75701
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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.

    More about this property
    909 Loop Rd 323 Tyler, TX 75701
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    We can help!
    Listing Contact
    Mark Whatley
    Mark Whatley
    Real Estate License ID: TX 423898
    Learn more
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