Add Listing
    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

    3816 State Highway 64 W Tyler, TX 75704

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility and traffic near Loop 323.

    We can help!

    Listing Contact
    Becky Mccord, Sior
    Source: Draketexas

    Listing Agent: Becky Mccord, Sior

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

    Learn more

    Overview

    Retail Space Near Walmart

    This retail space benefits from shared access with a Walmart Supercenter, attracting approximately 2.4 million visitors annually. Situated in a high-growth area within the Tyler MSA, which has a population of 245,000, the property offers convenient access to Loop 323 and Toll 49. The location provides high traffic and visibility on Hwy 64 W.
    Location Intelligence

    Current Use by Public Records

    Verizon Electronics & Wireless Store

    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
    -95.345391
    Latitude
    32.353413

    Nearby Similar for Lease

    • New
      $995 /Mo

      Updated Office Unit For Rent

      Updated office space with flexible layout and central location.
      605 Chase Dr, Tyler, TX 75701
      View Details
    • $3,167 /Mo
      2,000 SF

      South Tyler Office/Showroom Space

      Well-configured space ideal for retail showroom + office use.
      2230 W Grande Blvd, Tyler, TX 75703
      View Details
    • New
      $700 /Mo
      318,946 SF

      Tyler Office Warehouse For Lease

      Office warehouse for lease outside city limits, flexible lease terms.
      12872 State Highway 155, Tyler, TX 75703
      View Details
    • New
      $700 /Mo
      1,000 SF

      Tyler Office/Warehouse Space For Lease

      Office and warehouse space for lease near Loop 323.
      12872 State Highway 155 S, Tyler, TX 75703
      View Details
    • New
      $2,273 /Mo
      1,364 SF

      New Office Space in Tyler

      New construction office suites for lease in South Tyler.
      2012 W Cumberland Rd, Tyler, TX 75703
      View Details
    • New
      $2,273 /Mo
      33,106 SF

      New Office Space in Tyler

      New construction office space in a rapidly growing area.
      2012 W Cumberland Rd, Tyler, TX 75703
      View Details
    • $3,500 /Mo
      5,700 SF

      Tyler Flex Space For Rent

      Heated and cooled flex space with offices and parking.
      4883 Hightech Dr, Tyler, TX 75703
      View Details
    • $2,273 /Mo
      17,424 SF

      Class A Office Space Available

      Professional office or medical space for lease in Tyler, TX.
      2339 Dueling Oaks Dr, Tyler, TX 75703
      View Details
    • $2,527 /Mo
      1,596 SF

      Tyler Office Space For Lease

      Class A office or medical space available for lease.
      2333 Dueling Oaks Dr, Tyler, TX 75703
      View Details
    • $2,273 /Mo
      1,364 SF

      Tyler Office Space For Lease

      Class A office space available in October '26.
      2327 Dueling Oaks Dr, Tyler, TX 75703
      View Details
    • $2,273 /Mo
      1,364 SF

      Tyler Office Space For Lease

      Class A office/medical space available in October '26.
      2339 Dueling Oaks Dr, Tyler, TX 75703
      View Details
    • $2,273 /Mo
      17,424 SF

      Class A Office Space Available

      Professional office space for lease in Tyler, TX.
      2327 Dueling Oaks Dr, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and traffic near Loop 323.
    Where is this retail space located?
    The property is located at 3816 State Highway 64 W Tyler, TX.
    What are key features of this property?
    This property features: - High traffic and visibility on Hwy 64 W; - Shared access with Walmart Supercenter, drawing 2.4 million visitors annually; - Located in high trade area
    (903) 262-4858
    Request Owner's contact information
    3816 State Highway 64 W Tyler, TX 75704
    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.
    3816 State Highway 64 W
    Tyler, TX 75704
    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
    3816 State Highway 64 W Tyler, TX 75704
    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
    Becky Mccord, Sior
    (903) 262-4858
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!