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Property profile & analytics
FOR SALE
Retail space

5111 Troup Hwy Tyler, TX 75707

15,000 SF 1.41 ac lot Built 1984
Trust Owned 6-yr Hold ~ Est. High Equity
Property ID
US82-9354461
Property summary
AI-generated overview

Southpoint Plaza, a 15,000 square foot strip center in Smith County, offers exceptional retail and office space for lease. Built in 1984 and situated on a 2.23-acre lot, this well-maintained property boasts 53 parking spaces and is zoned C-1. Currently, three spaces are available, ranging from 1,260 to 1,310 contiguous square feet, with a total of 2,570 square feet of vacant space. The minimum divisible space is 1,260 square feet. One available space features approximately 1,225 square feet of open retail area, complemented by a separate office and workroom. Another offers 1,310 square feet, including a reception area and six private offices. The property benefits from high visibility, with pylon signage on Troup Highway (Highway 110), near the intersection with Shiloh Road. This location enjoys significant traffic, with approximately 26,254 vehicles per day (VPD) according to 2021 TXDOT data. Established tenants include Rose Dental Care, Domino's, Divine Nail & Spa, and AAA Vacuum, creating a strong and diverse tenant mix. Lease rates are $10.00-$12.00 per square foot, NNN. This presents a unique opportunity for businesses seeking a prominent location in a thriving commercial area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction STEEL FRAME
Total area 15,000 SF
Lot 1.41 ac (61,202 SF)
APN 1-50000-1555-04-001000
UPID US82-9354461
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
  • Divine Nails & Spa Nail Salon
  • Domino's Pizza Take-out & Catering
  • Zip Cash Loan Service
  • AAA Vacuum Sales & Services Home Appliance Store (Bike/Boat/Book/etc) Store
  • Green Foot & Body Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
Rancier 2020 Trust · 6 yrs held
Rancier 2020 Trust
since 2020
2 recorded transactions
2020
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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