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    Four-Unit Condominium in Gated Community Title is generated by Realmo AI

    1212 Centennial Trail, Tyler, TX 75703

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    Four modern condos in a secure, gated community.

    Type:Multifamily
    Property size:
    8,139 SF
    Price / SF:
    $159/SF
    Added:
    Feb 10, 2026
    Days on Market:
    95
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1212 Centennial Trail

    General Information

    Standard status
    Active
    Size
    8,139 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Aaron Uncapher
    Aaron Uncapher

    Listing agent Aaron Uncapher License #670627 TX

    Listing office Burns Commercial Properties

    Listing date Feb 10, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Burns Commercial Properties

    HighLights

    • New 4‑unit condominium in a secure, gated community.
    • Investment opportunity with potential for owner occupancy.
    • Each unit features a private fenced backyard with gas hookup and a two‑car garage.
    • Luxurious main bedrooms with private balconies and attached bathrooms featuring double sinks, big showers, and large walk‑in closets.
    • Modern style with spacious living rooms, fireplaces, and convenient half bathrooms and laundry rooms.
    • Excellent location near Christus Hospital, retail/dining at the Village at Cumberland Park, and easy access to Broadway Avenue and Toll 49.

    Overview

    This four-unit condominium, situated in a quiet area next to Cumberland Village, presents an owner-user and investment opportunity. Located within a secure, gated community, the property offers a modern style with spacious interiors. The living rooms are designed to be large and cozy, featuring fireplaces that seamlessly connect to the dining areas. Each unit includes a convenient half bathroom and a laundry room equipped with washer and dryer hookups. The main bedrooms, located upstairs, offer private balconies. Attached bathrooms feature double sinks, large showers, and walk-in closets. Additionally, there are two more bedrooms upstairs, each with ample closet space, and another full bathroom. Each unit is equipped with a new hot water heater and a two-car garage. The private, fenced backyard includes a gas hookup. Each unit features an advanced security system. Located in the Centennial Trail community, the property is near Christus Hospital, retail and dining options at the Village at Cumberland Park, and provides easy access to Broadway Avenue and Toll 49. The property size is 8139 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $816.8K
    NOI $73,512 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.05M
    NOI $73,512 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.47M
    NOI $73,512 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $112.3k $13.80
    − Vacancy −$7.3k −$0.90
    EGI $105.0k $12.90
    − OpEx −$31.5k −$3.87
    NOI $73.5k $9.03
    8,139 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $1.05M
    $918.9K – $1.23M (±1% cap)
    NOI $73,512 @ 7.0% cap · market cap 5.66%
    Second Best
    Apartment 5plus
    $984.2K
    $861.2K – $1.15M (±1% cap)
    NOI $68,893 @ 7.0% cap · market cap 5.30%
    Theoretical Best
    Office A
    $1.82M
    $1.59M – $2.12M (±1% cap)
    NOI $127,161 @ 7.0% cap · market cap 9.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3184
    Latitude
    32.2466

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    FAQs

    What type of property is this?
    Quadplex - Four modern condos in a secure, gated community.
    Where is this quadplex located?
    The property is located at 1212 Centennial Trail Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: New 4‑unit condominium in a secure, gated community.; Investment opportunity with potential for owner occupancy.; Each unit features a **private fenced backyard with gas hookup and a two‑car garage.**
    (903) 520-0444 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Uncapher
    Aaron Uncapher
    Real Estate License ID: 670627 TX
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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.

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