Property profile

12885 Alice Ln Tyler, TX 75703

FOR LEASE
Warehouses
Property ID
US82-2718500
2,400 SF 0.24 ac lot Built 1975
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This recently renovated 2,400-square-foot flex/industrial building presents a unique opportunity for owner-occupancy or investment. Located conveniently off Highway 155, between Loop 323 and Grande, this single-story structure boasts a 14-foot ceiling height and is situated on a 0.325-acre lot. The building, constructed in 1975 and completely renovated in 2024, features two 12x12-foot drive-in bays, providing easy access for warehouse or workshop use. Two glass front entry doors lead to freshly renovated office spaces. The property is easily divisible into two 1,200-square-foot units, each with its own office, restroom, and dedicated bay door. Exterior improvements include a new roof, new asphalt parking lot, and fenced outdoor storage ideal for equipment or materials. Interior upgrades encompass new vinyl plank flooring in the offices, modern lighting, and fresh paint throughout. The flexible layout, recent upgrades, and ample outdoor storage make this property perfect for businesses needing a blend of office and industrial space, or for investors seeking a turnkey asset with multi-tenant potential. The sale price is $250,000. Lease options are available: $2,000 per month NNN for the entire 2,400 square feet, or $1,100 per month NNN for a 1,200-square-foot unit. The zoning is not available.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Total area 2,400 SF
Lot 0.24 ac (10,237 SF)
APN 1-00000-0018-07-008070
UPID US82-2718500

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12885 Alice Ln Tyler, TX 75703
Tyler metro Census 1917 TYLER, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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