Walmart Outparcel Retail
3810 STATE HIGHWAY 64 W Tyler, TX 75704
3810 STATE HIGHWAY 64 W, Tyler, TX, 75704
$1,895,000
For Sale
$1,895,000
SINGLE_FAMILY - Tyler, TX
Property Size11,049 SF
Lot Size1.11 Acres
Price / SF$171.51
Days on Market273
Property Features for 3810 STATE HIGHWAY 64 W
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Off Street, Parking Lot
- Standard status
- Active
- APN
- R133160
- Lot size
- 1.11 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Stucco
- Roof type
- Flat
Listing Agency
Drake Real Estate
(903) 581-3737
Tyler, TX
Listed by
Matthew Marshall · License #75703
(903) 581-3737
Added: Oct 21, 2025 Updated: Jul 10 at 9:58 pm Checked: Jul 20 at 11:06 pm
MLS# 21091893
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 2008-built retail building on a Walmart outparcel at 3810 State Highway 64 W, Tyler, TX 75704. The property totals 11,049 SF on a 1.11-acre site and includes 51 parking spaces. Zoning is C-2.
According to TxDOT (2024), traffic counts are 59,364 VPD, supporting visibility along State Highway 64 W. Current occupancy is 879 SF leased on a month-to-month basis, with 10,179 SF available.
The offering provides a partially leased retail configuration suitable for a purchaser seeking space that can be re-leased, while keeping the existing month-to-month tenancy in place.
According to TxDOT (2024), traffic counts are 59,364 VPD, supporting visibility along State Highway 64 W. Current occupancy is 879 SF leased on a month-to-month basis, with 10,179 SF available.
The offering provides a partially leased retail configuration suitable for a purchaser seeking space that can be re-leased, while keeping the existing month-to-month tenancy in place.
Key Highlights
- 11,049 SF Walmart outparcel retail building on 1.11 acres (zoned C‑2)
- Year built 2008; stucco construction with a flat roof
- 51 off‑street parking spaces with a parking lot setting
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.6k | $17.52 |
| − Vacancy | −$9.7k | −$0.88 |
| EGI | $183.9k | $16.64 |
| − OpEx | −$55.2k | −$4.99 |
| NOI | $128.7k | $11.65 |
11,049 SF · lease $17.52/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,730 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,626 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Retail building on a Walmart outparcel with 51 parking spaces and C-2 zoning.
Where is this storefront property located?
The property is located at 3810 STATE HIGHWAY 64 W Tyler, TX.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 11,049 SF Walmart outparcel retail building on 1.11 acres (zoned C‑2); Year built 2008; stucco construction with a flat roof; 51 off‑street parking spaces with a parking lot setting
