Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Whitehouse ISD Investment Opportunity Title is generated by Realmo AI

    5917 Pine Cone Lane, Tyler, TX 75707

    View on Map
    Claim this Listing
    For Sale
    $450,000

    Duplex in Whitehouse ISD, 100% occupied, investment opportunity.

    Type:Multi Family
    Property size:
    2,926 SF
    Price / SF:
    $153/SF
    Added:
    May 20, 2026
    Days on Market:
    12
    Last Refresh:
    May 21 at 7:52 am

    Property Features for 5917 Pine Cone Lane

    General Information

    Standard status
    Active
    Size
    2,926 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Annika Conaway

    Listing agent Annika Conaway License #0738750

    Listing office Available Homes, LLC

    Listing date May 20, 2026

    Source Compass

    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 Available Homes, LLC

    HighLights

    • Investment opportunity: Multiple rental properties in Whitehouse ISD.
    • 100% Occupied: Immediate rental income.
    • Two single‑family units on one lot: Potential for diverse rental strategies.
    • Recent upgrades: Roof replacements (2021) and new fencing (2023).
    • Spacious units: 1463 sq ft with 3 bedrooms, 2 baths, and 2‑car garage.
    • HOA covers irrigation and lawn maintenance: Reduced owner responsibility.

    Overview

    This property presents an investment opportunity within Whitehouse Independent School District. The Villas at Grande Blvd are 100% occupied. Each unit features 3 bedrooms, 2 baths, and a 2-car garage. The property includes two single-family units situated on one lot. The total property size is 2926 square feet. Irrigation and lawn maintenance are managed by the Homeowners Association. Roof replacements were completed in 2021, and new fencing was installed in 2023. Most units have received upgraded Rheem water heaters with a lifetime warranty.

    Local Financial Insights For Multifamily LT 5

    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 $40.4k $13.80
    − Vacancy −$2.6k −$0.90
    EGI $37.8k $12.90
    − OpEx −$11.3k −$3.87
    NOI $26.4k $9.03
    2,926 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $377.5K
    $330.4K – $440.5K (±1% cap)
    NOI $26,428 @ 7.0% cap · market cap 5.87%
    Second Best
    Apartment 5plus
    $353.8K
    $309.6K – $412.8K (±1% cap)
    NOI $24,767 @ 7.0% cap · market cap 5.50%
    Theoretical Best
    Office A
    $653.1K
    $571.4K – $761.9K (±1% cap)
    NOI $45,715 @ 7.0% cap · market cap 10.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.266825
    Latitude
    32.284058

    Nearby Similar for Sale

    • $1,650,000
      7,993 SF

      Tyler Office and Warehouse Investment

      Office suites and warehouse on 1.1 acres with leases.
      15488 FM 2493 (Old Jacksonville), Tyler, TX 75703
      View Details
    • $453,000
      4,727 SF

      Partially Leased Office/Retail Building

      Partially leased office/retail building in Qualified Opportunity Zone.
      913 W Bow St, Tyler, TX 75702
      View Details
    • $400,000
      5,400 SF

      Tyler Commercial Building For Sale

      5,400 sq ft commercial building with office, manufacturing, and warehouse.
      3456 Shiloh Road, Tyler, TX 75707
      View Details
    • $1,250,000
      6,698 SF

      Historic Commercial Property with Charm

      1912 historic commercial property with exceptional business potential.
      313 E Charnwood, Tyler, TX 75701
      View Details
    • $499,900

      Tyler Office Building For Sale

      2,224 SF commercial building with prime location and updates.
      1624 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $445,000

      Tyler Office Space Suites

      Versatile office space in a highly desirable location.
      1404 Rice Road, Tyler, TX 75703
      View Details
    • $3,500,000
      4,458 SF

      Operating Gas Station on Highway

      Operating Exxon gas station with commercial kitchen on busy highway.
      5315 Troup HWY, Tyler, TX 75707
      View Details
    • $750,000
      5,220 SF

      Tyler Office Building For Sale

      Commercial office building with twelve offices, reception, and parking.
      200 E Amherst, Tyler, TX 75701
      View Details
    • $496,000
      3,676 SF

      Tyler Duplex in Heritage South

      Fully occupied duplex near shopping, dining, and S. Broadway Ave.
      113 & 115 E Heritage Drive, Tyler, TX 75703
      View Details
    • $828,000
      4,601 SF

      Versatile Retail/Office Building For Sale

      4,601 SF property suited for office, wellness, hospitality, education.
      19359 Hwy 69 S, Tyler, TX 75703
      View Details
    • $650,000

      Two-Suite Office Building with Simulator

      Well-designed office building with modern amenities and golf simulator.
      6115 New Copeland Road, Tyler, TX 75703
      View Details
    • $783,000
      3,480 SF

      Freestanding Office/Retail Building For Sale

      Freestanding office/retail building for sale in Tyler, TX.
      5647 KPE Way Option 1, Tyler, TX 75703
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Whitehouse ISD, 100% occupied, investment opportunity.
    Where is this duplex located?
    The property is located at 5917 Pine Cone Lane Tyler, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Investment opportunity: Multiple rental properties in Whitehouse ISD.; 100% Occupied: Immediate rental income.; Two single‑family units on one lot: Potential for diverse rental strategies.
    We can help!
    Listing Contact
    Annika Conaway
    Real Estate License ID: 0738750
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5917 Pine Cone Lane, Tyler, TX 75707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!