Golf Avenue Flex Warehouse | 10,000 SF

Investment Overview

The property at 124 Golf Avenue consists of two single-story warehouse buildings totaling 10,000 square feet on 1.007 acres. Each building is divided into 1,000-square-foot and 800-square-foot units that can be combined or separated, offering flexibility for small commercial operators, contractors, and service businesses. The buildings feature 11 dock-high doors, 11 grade-level doors, approximately 18-foot clear heights, and a fire sprinkler system. Fifteen parking spaces and direct access from Erwin Street across from Willowbrook Country Club support multi-tenant operations. Seven units are currently leased to landscaping, roofing, and other small business tenants under gross leases, generating $37,554 in NOI at a 5.78% cap rate. Three vacant units create lease-up upside; at market rents the property produces $54,654 in NOI and an 8.41% cap rate. Located in Tyler's C2 General Commercial District with 180 feet of Erwin Street frontage, the property offers an income base and near-term value-add potential for an investor willing to manage the remaining lease-up.

Investment Highlights

• 10,000 SF across two buildings on 1.007 acres at Golf Avenue and Erwin Street
• Ten divisible units ranging from 800 to 2,400 SF, suitable for contractors and small business tenants
• Seven units leased; three units vacant and available for lease-up
• 11 dock-high doors, 11 grade-level doors, and approximately 18-foot clear height
• Fire sprinkler system and 15 parking spaces
• 180 feet of frontage on Erwin Street across from Willowbrook Country Club
• $37,554 NOI in place at 5.78% cap rate; $54,654 NOI stabilized at 8.41% cap rate
• C2 General Commercial District zoning