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    3462 Walton Rd Tyler, TX 75701

    For Sale
    $1,805,780

    8.29 Acres, High Visibility, M-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 8.291-acre commercial land parcel presents a remarkable investment opportunity in Tyler, Texas. Strategically located on the corner of Loop 323 and Walton Road, this property boasts 400 feet of frontage along the highly trafficked Loop 323, ensuring maximum visibility and accessibility. The M-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking a prominent location within Tyler's thriving commercial landscape. Situated in the heart of Tyler's auto dealership corridor, between established dealerships like Tyler Ford and Hall Buick/GMC, this property benefits from excellent proximity to existing businesses and a high volume of daily traffic. The asking price is $1,805,780, translating to $217,800 per acre. The property's location southwest of downtown Tyler provides easy access to major transportation routes and a diverse customer base. With its significant size, prime location, and flexible zoning, this land parcel represents a rare opportunity to establish a successful commercial venture in a dynamic and growing market. The APN is 10000-0003-00-0074100. This is a corner lot in Smith County, Texas, with the address 3462 Walton Rd., Tyler, TX 75701.

    Property Features for 3462 Walton Rd

    General Information

    Property type
    Land
    Lot Size
    361,156 SF

    HighLights

    • 8.291‑acre commercial land parcel in Tyler, TX, ideal for various commercial uses.
    • Prime location on the corner of Loop 323 and Walton Rd., offering 400 ft of Loop 323 frontage.
    • Situated in Tyler's auto dealership corridor, between Tyler Ford and Hall Buick/GMC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3402761
    Latitude
    32.3186711

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    FAQs

    What type of property is this?
    Land - 8.29 Acres, High Visibility, M-1 Zoning
    Where is this land located?
    The property is located at 3462 Walton Rd Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,805,780.
    What are key features of this property?
    This property features: 8.291-acre commercial land parcel in Tyler, TX, ideal for various commercial uses.; Prime location on the corner of Loop 323 and Walton Rd., offering 400 ft of Loop 323 frontage.; Situated in Tyler's auto dealership corridor, between Tyler Ford and Hall Buick/GMC.
    (903) 534-1200
    Request Owner's contact information
    3462 Walton Rd 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
    3462 Walton Rd Tyler, TX 75701
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