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    4809 Troup Hwy Tyler, TX 75703

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    Claim this Listing
    For Lease
    $6,458/Mo $31 SF/Yr (calc)

    Building - Tyler, TX

    Property size:
    2,500 SF
    Lot size:
    2.87 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    130
    Last Refresh:
    May 8 at 11:06 am

    Property Features for 4809 Troup Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    2,500 SF
    Lot size
    2.87 Acres

    Building Details

    Year built
    1992
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    Lloyd Nichols

    Listing agent Lloyd Nichols License #0819751

    Listing office Nanci Wright Property Management 3100 New Copeland Road, Tyler, TX

    Listing date Dec 29, 2025

    MLS# 25016273 Listing URL

    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

    • Prime location on a bustling highway with excellent frontage and visibility.
    • Versatile C1 zoning allows for a wide range of commercial uses.
    • Currently operating as a successful car lot with ample paved parking and expansive display space.
    • Office building is built to suit, providing a functional and professional environment.
    • Complete renovation in 2022, including a new roof and fully updated electrical systems.
    • 2.87‑acre commercial property offering a flexible layout to accommodate various business models.

    Overview

    Tyler Commercial Property For Rent

    This 2.87-acre commercial property is located on a busy highway and offers frontage and visibility. Zoned C1, the site is currently operating as a car lot and presents opportunities for various commercial uses, including tractor or heavy equipment sales or rentals, and boat or RV storage. The property features paved parking, display space, and a layout to accommodate business models. The office building, built to suit, provides a functional environment. In 2022, the building was renovated, including a new roof and updated electrical systems. The property offers location, infrastructure, and flexibility. The property size is 2500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tyler Car & Truck ... Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Similar Places Nearby

    • Penske Truck Rental — 13120 TX-110, Tyler, TX 75707
    • U-Haul Neighborhood Dealer — 3718 Troup Hwy, Tyler, TX 75703
    • U-Haul Neighborhood Dealer — 4909 Hightech Drive, Tyler, TX 75703

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.266208
    Latitude
    32.299735

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    FAQs

    What type of property is this?
    Parking lot & garage - 2.87-acre commercial property with highway frontage and versatile C1 zoning.
    Where is this parking lot & garage located?
    The property is located at 4809 Troup Hwy Tyler, TX.
    What is the lease rate?
    The lease rate is $6,458 /Mo.
    What are key features of this property?
    This property features: Prime location on a bustling highway with excellent frontage and visibility.; Versatile C1 zoning allows for a wide range of commercial uses.; Currently operating as a successful car lot with ample paved parking and expansive display space.
    (903) 312-6598
    We can help!
    Listing Contact
    Lloyd Nichols
    Real Estate License ID: 0819751
    Learn More
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    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
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