Mixed-Use Commercial
9846 Hwy 31 E, Tyler, TX 75705
For Sale
$2,250,000
Vacant commercial campus with office, warehouse, parking, backup power, wooded acreage, and a pond outside city limits.
Property Size28,254 SF
Lot Size30.00 Acres
Price / SF$79.63
Days on Market47
Property Features for 9846 Hwy 31 E
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Opportunity Zone
Warehouse Space
Amenities
backup generator
pond
Building Details
Year Built
Buildings
Parking Ratio
Listing Agency:
Scarborough Commercial Real Estate, LLC
Listed By:
Clark Carter · License #8363
Source:
Platinumrealtygroup
Added: Sep 22
Changed: Oct 25
Last Checked: Nov 6 at 6:02AM
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 Scarborough Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
This vacant mixed-use commercial campus includes three buildings totaling approximately 28,254 SF. The primary improvement is a 22,154 SF, two-story office building with a lobby, private offices, conference rooms, and training rooms. A separate 2,100 SF office and a 4,000 SF warehouse add supporting commercial space. The property also includes a backup generator and more than 125 parking spaces.
The 30-acre site fronts State Highway 31 East for 489.8 feet and sits one mile from Loop 323. Wooded acreage and a pond are part of the property. It is located outside city limits, has no zoning, and is designated as a Federal Opportunity Zone.
The 30-acre site fronts State Highway 31 East for 489.8 feet and sits one mile from Loop 323. Wooded acreage and a pond are part of the property. It is located outside city limits, has no zoning, and is designated as a Federal Opportunity Zone.
Key Highlights
- 30‑acre commercial campus with 489.8 ft of frontage on State Highway 31 East
- Three buildings totaling ±28,254 SF
- 22,154 SF two‑story office with lobby, private offices, conference and training rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,776
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,935,520
$2.9M
Cap Rate 7%
$2,096,800
$2.1M
Cap Rate 9%
$1,630,844
$1.6M
Market Conditions
NOI Build-Up for 28,254 SF
Gross rent
$186.5K $6.60/SF
− Vacancy
−$13.8K −$0.49/SF
EGI
$172.7K $6.11/SF
− OpEx
−$25.9K −$0.92/SF
NOI
$146.8K $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 Rate 5%
$2,935,520
Cap Rate 7%
$2,096,800
Cap Rate 9%
$1,630,844
Alternative Uses
Best Use
Office B
$4.87M
$4.27M – $5.69M
NOI $341,226 @ 7.0% cap · market cap 15.17%
Second Best
Mixed Use
$4.27M
$3.73M – $4.98M
NOI $298,786 @ 7.0% cap · market cap 13.28%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,432 @ 7.0% cap · market cap 19.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 75705, TX
2,141
Population
784
Households
2.7
Avg Household Size
41
Median Age
5%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
83
Density / Sq Mi
$77,943
Median Household Income
$37,120
Median Earnings
$1,429
Median Rent
$160,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant commercial campus with office, warehouse, parking, backup power, wooded acreage, and a pond outside city limits.
Where is this mixed-use property located?
The property is located at 9846 Hwy 31 E Tyler, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 30‑acre commercial campus with 489.8 ft of frontage on State Highway 31 East; Three buildings totaling ±28,254 SF; 22,154 SF two‑story office with lobby, private offices, conference and training rooms
