Listed by Summit Real Estate
$4,610,000
Scottish Highlands Medical Complex
Details
Property Type Office
Sub Type Medical Office
Square Footage 32,832
Cap Rate 7.50%
NOI $345,539
Occupancy 100%
Tenancy Multi
Price per SqFt $140
Year Built 1983
100% Occupied | 7.50% Cap Rate | 70% Medical Tenant Mix | 29,000+ Vehicles per Day
Investment highlights
- Attractive 7.50% Go-In Cap Rate for Well-Located Multi-Tenant Office Complex
- Diversified Tenant Mix Including Medical, GSA, and Traditional Office Tenancy
- Approximately 70% of Rent Roll Comprised of Medical and Healthcare-Oriented Tenants | Medical Users Typically Achieve Higher Rental Rates Than Traditional Office Uses
- Strong Tenant Retention | Over 33% of Rent Roll Has Occupied the Property Since at Least 2012
- Strategically Located Directly Off Troup Highway, a Major Tyler Thoroughfare with Traffic Counts Approaching 30,000 Vehicles Per Day
- Highly Functional Small-Suite Configuration | All Tenant Spaces Under 4,000 SF Allowing for Broader Tenant Demand and Easier Lease-Up
- Average Household Income Within a 1-Mile Radius Exceeds $96,000, Surpassing National Averages
- Current Average Rental Rate of $14.38 PSF Provides Potential Upside Relative to Comparable Medical and General Office Properties
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$345,539.00
$28,794.92/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
AG AgricultureAgricultural District
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View all 312 uses Last updated May 7, 2026 For deeper zoning details, reports are available at Zoneomics
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