In The Numbers: Tyler Commercial Property Sales | Companies

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Commercial property sales in Tyler varied widely between type of sale and location. Types of sales included: two retail spaces, four office spaces, a warehouse, an apartment building and a property sale. The commercial activity areas in Tyler were widespread that month, located within Loop 49 and south of Highway 64.

Eight of the nine properties sold in August were sold with improvements. The lowest retail price was $ 444,000 and the highest was $ 1,900,000. The average occupancy rate of the properties was 100% with an average capitalization rate of 6.3%. The capitalization rate is the rate of return on an investment property based on the property’s expected returns. There are currently 124 commercial offers for sale in the Tyler Market with a total value of $ 86,406,488.

The commercial real estate market in Tyler is strong. It is a great opportunity for individuals and companies to invest in our city and continue our strong growth. Contact our office today to learn more about how you can get involved in and around the Tyler Market.

This article does not purport to cover all properties sold within the city of Tyler. Item information is derived from verified sales price data from CoStar, GTAR, CREXI and other commercial real estate sources.

(To learn more about how to get into the Tyler Commercials real estate market and the surrounding area, visit Scarborough Commercial Real Estate, LLC, 903.707.8560 or visit www.scarboroughcre.com).

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