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    1816 E Southeast Loop 323 Tyler, TX 75701

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    For Sale
    $1,100,000

    Retail property with high visibility and redevelopment potential.

    Lot size:
    0.31 Acres

    Property Features for 1816 E Southeast Loop 323

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1978

    Source: Scarborough Commercial Real LL Agent Sam Scarborough

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on Loop 323

    This retail property is strategically located at the signalized intersection of Loop 323 and Paluxy Drive, offering high visibility and accessibility within a busy retail area of Tyler. The site benefits from ingress and egress points on both Loop 323 and Paluxy Drive, facilitating traffic flow and customer access. The property is currently 75% owner-occupied, with the remaining 25% under a gross lease. The existing lease provides immediate rental income with potential for redevelopment. Nearby businesses include Walmart Neighborhood Market, Crunch Fitness, and Texas Roadhouse.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Broadway Square, Sunglass Hut, Broadway Market Center, La Piazza, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.27861
    Latitude
    32.309077

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    FAQs

    What type of property is this?
    Shopping center - Retail property with high visibility and redevelopment potential.
    Where is this shopping center located?
    The property is located at 1816 E Southeast Loop 323 Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Exceptional visibility and accessibility at the signalized intersection of Loop 323 and Paluxy Drive.; - Immediate rental income with upside potential for redevelopment.; - Consistent customer draw due to proximity to high-traffic businesses.
    Request Owner's contact information
    1816 E Southeast Loop 323 Tyler, TX 75701
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    Tyler, TX 75701
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    Realmo Value Estimation

    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.

    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.

    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
    1816 E Southeast Loop 323 Tyler, TX 75701
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