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    106 Elm St Tyler, TX 75702

    For Lease
    $12 SF/Yr ($9,000 /Mo)

    Prime Retail, 3,000-6,000 SF Available

    Lot size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A retail space, located at 106 E Elm St in Tyler, TX, 75702, offers 9,000 square feet divisible into two suites, each a minimum of 3,000 square feet and a maximum of 6,000 contiguous square feet. The property sits on a 0.249-acre lot and boasts a two-story building constructed in 1954 and extensively renovated in 2022. The building features convenient access to a parking garage across the street, as well as ample street parking. This is a unique opportunity to be part of the revitalization of Downtown Tyler, situated near 100+ new multifamily units, the Midtown Medical District, and a proposed new Smith County Courthouse. The space is ideally positioned to benefit from the thriving downtown retail market and high-density residential growth. Tenants will receive a $20 per square foot tenant improvement allowance. The property is zoned commercial (Smith County) and offers a warm shell delivery to the tenant. The anticipated availability date is Q1 2025.

    Property Features for 106 Elm St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,000 SF
    Class
    A
    Total Rate
    9000

    Building Details

    Year Built/Renovated
    1954/2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor Retail - 6000 Sq Ft
    Size
    6,000 SF
    Rate per SF
    $16
    Space
    3000 SF Basement Area Space
    Size
    3,000 SF
    Rate per SF
    $12
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sheriff Department Civil ... Sheriff'S Department

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.300608108404
    Latitude
    32.349669925191

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    FAQs

    What type of property is this?
    Retail property - Prime Retail, 3,000-6,000 SF Available
    Where is this retail property located?
    The property is located at 106 Elm St Tyler, TX.
    What is the lease rate?
    The lease rate is $12-$16 SF/Yr.
    Request Owner's contact information
    106 Elm St Tyler, TX 75702
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    Tyler, TX 75702
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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
    106 Elm St Tyler, TX 75702
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