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Property profile & analytics
OFF-MARKET Estimated value $6,485,000
Office buildings

501 Shelley Dr Tyler, TX 75701-9540

61,544 SF 7.43 ac lot Built 1983
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US82-1991986
Property summary
AI-generated overview

This exceptional Class A office building, the Heartland Financial Center, offers prime commercial space in Tyler, Texas. The property boasts a total of 69,544 square feet across two stories, housed within a single building. Currently, two suites are available, ranging from 9,800 to 11,061 square feet, both located on the first floor. The building features convenient elevator access and is situated in a tranquil, park-like setting, offering a welcome contrast to the nearby vibrant retail corridor. Its location provides easy access to Loop 323, just one mile to the south, ensuring excellent connectivity for businesses and employees. The Heartland Financial Center is a full-service office building, catering to a variety of business needs, including traditional office spaces, coworking arrangements, executive offices, and creative office layouts. The multiple tenancy structure allows for flexibility and adaptability to suit diverse business requirements. This is a rare opportunity to secure high-quality office space in a desirable location with convenient amenities and excellent accessibility. The building's design and location make it an ideal choice for businesses seeking a professional and productive work environment. The available suites provide ample space for growth and expansion, making this a compelling investment opportunity. The property's proximity to the bustling retail area of Tyler offers employees a wide range of dining, shopping, and entertainment options.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction STEEL FRAME
Total area 61,544 SF
Lot 7.43 ac (323,477 SF)
APN 1-50000-1297-02-001000
UPID US82-1991986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Premium Convenience Services Bank Credit Union
  • Claims Administrative Services, Inc. Insurance Agency
  • Hibbs-Hallmark & Company Insurance Insurance Agency
  • Nationwide Recovery Systems Professional Services
  • Pathfinder Intelligence, Inc. Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.00M
Blend (final) Blend
$6.49M
Owner & transaction history
Hibbs Financial Center Ltd · 6 yrs held
Hibbs Financial Center Ltd
since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.3M +5.2%
Commercial (general) $6.3M +5.0%
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