Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16393-1 Highway 31 Tyler, TX 75709

    Sponsored
    For Sale
    $133,293

    Commercial, Industrial,Land Only - Tyler, TX

    Days on Market:
    526
    Last Refresh:
    Feb 25 at 3:06 pm

    Property Features for 16393-1 Highway 31

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R042392
    Parking features
    None

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ray Ver Hey

    Staples Commercial Group LLC (903) 266-2900

    Listing agent Ray Ver Hey (903) 266-2900

    Listing date Sep 18, 2024

    MLS# 107672 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway Frontage Land Parcel Available

    This is an inline parcel with over 246 feet of road frontage on Highway 31 and over 267 feet on Old Chandler Highway. The property experiences over 20,000 cars passing through this intersection daily. The land is well elevated, offers easy access, and provides great visibility. It is located approximately 1 mile from Toll Road 49, 6 miles from Tyler, and 11.5 miles from Interstate 20. Approximately 75% of the entire land has been recently mulched and cleared. The property is located outside of Tyler City Limits, but inside of Tyler ETJ. The surveyed lot size is 1.224 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Accounting Firm Furniture & Home Goods Electrical Service Clothing & Fashion Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.389
    Latitude
    32.3085

    Nearby Similar for Sale

    • $512,325
      0.43 Acres

      Unique Tyler Business Opportunity

      Versatile property with sanctuary, kitchens, sleeping quarters, and ample parking.
      1112 N Palace Ave, Tyler, TX 75702
      View Details
    • Contact for pricing
      6,370 SF

      Retail Building on Broadway Avenue

      Retail building for sale in Tyler, Texas.
      3910 S Broadway Ave, Tyler, TX 75701
      View Details
    • $325,000
      10,950 SF

      Chandler Hwy Warehouse Investment

      Tyler, TX Warehouse - $325,000
      2916 Chandler Hwy, Tyler, TX 75702
      View Details
    • New
      $550,000
      2,700 SF

      Modern Office with Highway Frontage

      High-visibility office and flex space on Highway 69.
      20921 Us Highway 69 South, Tyler, TX 75703
      View Details
    • New
      $499,900
      10,667 SF

      Tyler Flex Space Opportunity

      10,667 SF flex space on Loop 323 in Tyler.
      3401 N Northeast Loop 323, Tyler, TX 75708
      View Details
    • $850,000
      5,700 SF

      Tyler Flex Space Building

      Heated and cooled flex space with offices and parking.
      4883 Hightech Dr, Tyler, TX 75703
      View Details
    • $499,900
      2,224 SF

      Tyler Office Building For Sale

      2,224 SF commercial building with prime location and updates.
      1624 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $280,000
      2,700 SF

      Metal Shop on Highway 155

      2,700 SF metal shop with lifts on 0.4 acres.
      15083 State Highway 155, Tyler, TX 75703
      View Details
    • New
      $495,000
      1.00 Acre

      Tyler Retail Flex Building For Sale

      Retail flex building with showroom, warehouse space, and highway frontage.
      17490 Us Highway 69 S, Tyler, TX 75703
      View Details
    • $550,000
      0.63 Acres

      Highway 69 Investment Opportunity

      High-visibility mixed-use property on Highway 69 with flexible income potential.
      20921 Us Highway 69 S, Tyler, TX 75703
      View Details
    • $280,000
      2,700 SF

      Metal Shop on Highway 155

      2,700 SF metal shop with lifts on 0.4 acres.
      15083 State Highway 155 S, Tyler, TX 75703
      View Details
    • $387,450
      1,722 SF

      Retail/Office Space For Sale

      Retail/Office space for sale in Tyler, TX, delivery Spring 2026.
      5647 Kpe Way, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared land parcel with highway frontage, ready for development.
    Where is this commercial land located?
    The property is located at 16393-1 Highway 31 Tyler, TX.
    What is the asking price?
    The asking price for this property is $133,293.
    What are key features of this property?
    This property features: - High traffic location with over 20,000 cars passing daily.; - Significant road frontage: over 246' on HWY 31 and over 267' on Old Chandler Highway.; - Approximately 75% of the land is cleared and mulched.
    (903) 343-6629
    Request Owner's contact information
    16393-1 Highway 31 Tyler, TX 75709
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16393-1 Highway 31
    Tyler, TX 75709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16393-1 Highway 31 Tyler, TX 75709
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ray Ver Hey
    Real Estate License ID: 0498681
    (903) 343-6629 (903) 266-2900
    Learn more
    Google sign-in failed. Please try again or use another login method.