611 Chase Dr Tyler, TX 75701
- Office buildings
- 1,750 SF
- 0.04 lot acres
Current Use by Public Records
- East Texas Valuation Group / Appraiser
- CA Bass Ventures LLC / Professional Services
- Faulconer Scholarship Program / Non-Profit Organization
- Wynne Insurance Services / Insurance Agency
Property Details for 611 Chase Dr
- Year built
- 1984
- Lot size
- 0.04 lot acres
- Property size
- 1,750 SF
- Property type
- Office buildings
- APN
- 1-50000-1297-00-031000
- APU
- 150000129700031000
Description
This exceptional Smith County office property, located at 611 & 613 Chase Drive, offers two immediately available suites totaling 3,250 square feet in a single-story Class B building. The property features convenient "Inside the Loop" access and ample parking both in front and rear, with street entrances on both sides. Two distinct suites are available for lease: Suite 611, measuring 1,750 square feet, includes four large offices, two smaller offices (suitable for storage or breakout space), two private restrooms, a bullpen area, and a spacious waiting area. Suite 613, at 1,500 square feet, offers three large offices, a waiting area with a reception area and window, a wet bar, and a private restroom. Both suites are ideal for a variety of professional uses, including traditional office and medical office settings. The minimum leasable space is 1,500 square feet, with a maximum contiguous space of 1,750 square feet. The building has no elevators. This is a multi-tenant property with a total of two suites. The entire 3,250 square foot building is currently vacant and ready for immediate occupancy. This presents a unique opportunity to secure desirable office space in a highly accessible location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $375,000
- 6.5%
- $345,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $205,000
Market price range: $89.2k - $249k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $180,000
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Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3076
- Latitude
- 32.3074
- CBSA code
- 46340
- CBSA name
- TYLER, TX METROPOLITAN STATISTICAL AREA