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

    16637 Fm 2493 Tyler, TX 75703

    Sponsored
    For Lease
    $2,333 /Mo ($0.34 SF/Yr)

    Retail - Tyler, TX

    Type:Retail
    Lot size:
    1.88 Acres
    Days on Market:
    98
    Last Refresh:
    Feb 11 at 3:06 pm

    Property Features for 16637 Fm 2493

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    APN
    114533000003002000
    Parking features
    Off Street, Parking Lot
    Lot size
    1.88 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2006
    Flooring type
    Carpet
    Building materials
    Stone, Stone Veneer
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew K Marshall

    Drake Real Estate & Investment (903) 581-3737

    Listing agent Matthew Marshall (903) 581-3737 License #0544812

    Listing date Nov 6, 2025

    MLS# 21048638 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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

    Retail Space on High-Traffic Corridor

    This retail space is available for lease at $14 per square foot per year, plus NNN fees. It is located in a well-positioned neighborhood strip center along the rapidly growing Old Jacksonville corridor, ideally situated just north of Gresham’s four-way stop and just south of Loop 49. The location offers convenient access to Loop 49 and major thoroughfares. The property benefits from excellent visibility, with electronic monument and facade signage. Traffic counts reach 20,177 vehicles per day, per TxDOT's 2023 data. The property is located at 16637 Fm 2493, Tyler, TX 75703.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ruthie Freeman, Realtor Real Estate Agency Dawn Frazier, Realtor Real Estate Agency Quality Choice Solutions ... Real Estate Agency Jessica Edelman, Realtor®️ Real Estate Agency Quality Choice Solutions ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.345953
    Latitude
    32.237864

    Nearby Similar for Lease

    • $6,525 /Mo
      18,034 SF

      Tyler Office Building For Lease

      Commercial office building with multiple offices and parking spaces.
      200 E Amherst St, Tyler, TX 75701
      View Details
    • $6,525 /Mo
      18,034 SF

      Tyler Office Building For Rent

      Office building with reception area, twelve offices, and conference room.
      200 E Amherst St, Tyler, TX 75701
      View Details
    • $4,500 /Mo
      10,193 SF

      Renovated Office Near Downtown Tyler

      Renovated office space with oversized offices and convenient parking.
      212 W 9Th St, Tyler, TX 75701
      View Details
    • $4,500 /Mo
      4,000 SF

      Renovated Office Near Downtown Tyler

      Renovated office space with oversized offices, conference room, and parking.
      212 W 9Th St, Tyler, TX 75701
      View Details
    • $3,800 /Mo
      1,967 SF

      South Broadway Avenue Office Space

      Office and medical suites available on South Broadway Avenue.
      3300 S Broadway Ave Bldg 3, Tyler, TX 75701
      View Details
    • $805 /Mo
      468 SF

      South Broadway Avenue Office Space

      Office and medical suites available on South Broadway Avenue.
      3300 S Broadway Ave, Tyler, TX 75701
      View Details
    • $1,495,000
      4,681 SF

      Versatile Commercial Property on Broadway

      4,681 SF commercial space ideal for automotive or retail.
      7906 S Broadway Ave, Tyler, TX 75703
      View Details
    • $6,560 /Mo
      2,460 SF

      Tyler Retail Space with Drive-Thru

      Second generation retail/restaurant space with drive-thru on S. Broadway.
      5627 S Broadway Ave, Tyler, TX 75703
      View Details
    • $6,560 /Mo
      40,598 SF

      Tyler Retail Space with Drive-Thru

      Retail or restaurant space with drive-thru on S. Broadway.
      5627 S Broadway Ave, Tyler, TX 75703
      View Details
    • $10,325 /Mo
      54,450 SF

      Office Building in South Tyler

      Office building for lease with ample parking in a great area.
      2040 Shiloh Rd, Tyler, TX 75703
      View Details
    • $2,333 /Mo
      2,000 SF

      Retail Space on Old Jacksonville

      Retail space for lease in Tyler's Old Jacksonville corridor.
      16637 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $10,325 /Mo
      11,263 SF

      Tyler Office Building For Lease

      Office building for lease in South Tyler with ample parking.
      2040 Shiloh Rd, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in Tyler, TX on FM 2493.
    Where is this strip mall located?
    The property is located at 16637 Fm 2493 Tyler, TX.
    What is the lease rate?
    The lease rate is $0.34 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the fast-growing Old Jacksonville corridor.; - High visibility with electronic monument and façade signage.; - Convenient access to Loop 49 and major thoroughfares.
    (903) 581-3737
    Request Owner's contact information
    16637 Fm 2493 Tyler, TX 75703
    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.
    16637 Fm 2493
    Tyler, TX 75703
    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
    16637 Fm 2493 Tyler, TX 75703
    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
    Matthew K Marshall
    Real Estate License ID: 0544812
    (903) 581-3737
    Learn more
    Google sign-in failed. Please try again or use another login method.