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    2019 Loop Rd 323 Tyler, TX 75701

    Sponsored
    For Sale
    $1,068,955

    Tyler, TX Auto Shop - High ROI

    Property size:
    9,467 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, two-tenant retail property totaling 9,467 square feet situated on a 1.15-acre lot in Tyler, Texas. The property, built in 1984 and renovated in 2023, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $74,826. Located at 2019 S SE Loop 323, the property benefits from its prime location on a major thoroughfare within a growing area. The two tenants, Anderson Automotive (a long-standing, reputable business) and Wheels Up Front (a multi-location expanding business), both possess strong credit and maintain positive reputations. The property features two single-story buildings with a C-1 zoning designation. The asking price is $1,068,955.71, translating to $112.91 per square foot and $21.33 per square foot for the land. This NNN-leased property offers stable, long-term income potential with 100% occupancy. The lease terms are favorable, providing a secure investment for the discerning buyer. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location. The property's history of consistent occupancy and strong tenant performance makes it an attractive investment with significant upside potential. The recent renovation ensures the property is well-maintained and ready for continued success.

    Property Features for 2019 Loop Rd 323

    General Information

    Property type
    Automotive properties
    Square Feet
    9,467 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built/Renovated
    1984/2023
    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.266188253214
    Latitude
    32.328000795025

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    FAQs

    What type of property is this?
    Automotive property - Tyler, TX Auto Shop - High ROI
    Where is this automotive property located?
    The property is located at 2019 Loop Rd 323 Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,068,955.
    (903) 509-8844
    Request Owner's contact information
    2019 Loop Rd 323 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
    2019 Loop Rd 323 Tyler, TX 75701
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