Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Build-to-Suit Industrial Land Title is generated by Realmo AI

    3020 Hwy 31 E, Tyler, TX 75702

    View on Map
    Claim this Listing
    For Lease
    $58,333 SF/Yr $388,886,666/Mo (calc)

    LAND - Tyler, TX

    Property size:
    80,000 SF
    Lot size:
    8.38 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 3020 Hwy 31 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    8.38 Acres

    We can help!

    Listing Contact
    Matthew Marshall

    Listing agent Matthew Marshall License #0544812

    Listing office Drake Real Estate & Investments 11621 CR 166, Tyler, TX

    Listing date Apr 7, 2026

    MLS# 10134004

    Copyright © 2026 Greater Tyler Association 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.

    HighLights

    • Build‑to‑Suit (BTS) opportunity tailored to user's requirements.
    • Suitable for warehouse, distribution, or flex space users.
    • Site can accommodate a building between +/-40,000 - 80,000 SF.
    • Ample parking available.
    • Good truck accessibility.
    • Dock high doors can be included.

    Overview

    This build-to-suit industrial land site is marketed for warehouse, distribution, and flex users looking to tailor an improvement to their operating needs. The property is described as capable of supporting a new building in the approximate 40,000 to 80,000 square foot range, with room planned for ample parking. Site plans included with the listing provide examples for layouts around 66,000 and 80,000 square feet.

    The property is located at 3020 Hwy 31 E in Tyler, Texas (Smith County), on a land area of 8.38 acres. The listing materials also reference truck accessibility and dock high considerations as part of the envisioned development.

    For tenants or operators seeking a customized logistics or light industrial facility, this platform supports a BTS approach for distribution and flex use. Prospective users can evaluate how the proposed building size range and loading features align with their workflow, while planning for vehicle parking and truck-friendly access on-site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.262481
    Latitude
    32.349775

    Nearby Similar for Lease

    • $3,117/Mo
      1,781 SF

      Shell Office Space for Lease

      Customizable shell office space with tenant improvement support in a high-access Tyler location near Loop 323.
      3143 Golden Road, Tyler, TX 75701
      View Details
    • $10,833/Mo
      4,385 SF

      Drive-Through QSR Restaurant Outparcel

      Former Whataburger building with a double drive-thru and dedicated parking for high-visibility quick-service use.
      6849 S Broadway Avenue, Tyler, TX 75703
      View Details
    • $2,500/Mo

      Build-to-Suit Office Space

      Newly built office suites on a major thoroughfare, offered with flexible builder or tenant finish-out options.
      17178 Hwy 69 S, Tyler, TX 75703
      View Details
    • $2,331/Mo

      Medical Office Suite with Private Entrance

      Professional layout with reception, four private offices, and break room, plus ample shared parking for medical or office teams.
      2311 Dueling Oaks Drive, Tyler, TX 75703
      View Details
    • $2,273/Mo

      New Construction Office Suites

      Brand new office space offers move-in-ready and shell options on a hard-corner site in South Tyler.
      2012 W Cumberland Road, Tyler, TX 75703
      View Details
    • $2,500/Mo

      Strip Center Retail Suite

      Retail suite in a well-situated strip center with strong corridor visibility and monument and facade signage.
      16637 Fm 2493, Tyler, TX 75703
      View Details
    • $3,094/Mo

      Flex Space with Grade-Level Door

      Versatile showroom-forward layout with rear warehouse storage and a 10x10 grade level overhead door for flexible operations.
      3225 S Southwest Loop 323, Tyler, TX 75701
      View Details
    • $3,800/Mo

      Renovated Medical Office Suites

      Newly renovated common areas and elevator access support flexible medical and professional office use with ample parking.
      3310 S Broadway Avenue, Tyler, TX 75701
      View Details
    • $3,167/Mo

      Office and Showroom Suites

      Flexible suites with private offices and common areas suitable for retail showroom and professional office users.
      2230 W Grande Boulevard, Tyler, TX 75703
      View Details
    • $1,500/Mo

      Office Warehouse Flex Suite

      A flex-ready warehouse with dedicated office space, ideal for small operators needing both workspace and storage.
      2316 E 5th Street, Tyler, TX 75701
      View Details
    • $20,000/Mo
      20,000 SF

      Build-to-Suit Office Land Parcel

      Land offering build-to-suit development flexibility for an office complex in South Tyler near major roadways.
      5637 Paluxy Dr, Tyler, TX 75703
      View Details
    • $11,848/Mo

      Anchored Retail Pad for Lease

      Large demised space within a Walmart-anchored retail center with shared access and ample parking.
      3810 STATE HIGHWAY 64 W, Tyler, TX 75704
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial land offering build-to-suit capability with truck access and dock-high-ready improvements.
    Where is this flex space located?
    The property is located at 3020 Hwy 31 E Tyler, TX.
    What is the lease rate?
    The lease rate is $58,333.
    What are key features of this property?
    This property features: Build‑to‑Suit (BTS) opportunity tailored to user's requirements.; Suitable for warehouse, distribution, or flex space users.; Site can accommodate a building between +/-40,000 - 80,000 SF.
    (903) 581-3737
    We can help!
    Listing Contact
    Matthew Marshall
    Real Estate License ID: 0544812
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3020 Hwy 31 E, Tyler, TX 75702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!