Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Pad Site For Lease Title is generated by Realmo AI

    1909 E SE Loop 323, Tyler, TX 75701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    0.4 acre pad site in high-traffic Tyler location.

    Type:Retail, Land, Restaurant
    Lot size:
    0.40 Acres
    Added:
    Feb 22, 2024
    Days on Market:
    824
    Last Refresh:
    May 12 at 9:02 pm

    Property Features for 1909 E SE Loop 323

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres
    Property subtype
    Retail, Land, Restaurant

    Spaces For Lease

    at 1909 E SE Loop 323 Contact us

    We can help!

    Listing Contact
    Mario Martinez

    Listing agent Mario Martinez License #FLBO

    Listing office The Genecov Group

    Listing date Feb 22, 2024

    Source Crexi

    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 The Genecov Group

    HighLights

    • High‑traffic location at the intersection of Loop 323 and Troup Hwy.
    • 0.4 acre pad site suitable for development.
    • Surrounded by strong retailers and restaurants.
    • Proximity to Walmart Neighborhood Market.
    • Near Starbucks.
    • Close to Chick‑fil‑A.

    Overview

    This 0.4-acre pad site is available for lease at the intersection of Loop 323 and Troup Highway in Tyler, Texas. The location is surrounded by established retailers and restaurants, including Walmart Neighborhood Market, Starbucks, Crunch Fitness, Chick-fil-A, and Texas Roadhouse.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3025
    Latitude
    32.3248

    Nearby Similar for Lease

    • $1,500/Mo
      2,215 SF

      Office/Warehouse Near Tyler Junior College

      Office and warehouse space available for lease near universities.
      2316 E 5th St, Tyler, TX 75701
      View Details
    • $2,500/Mo
      6,000 SF

      Office Space Build to Suit

      New build office space available for rent in Tyler.
      17178 Hwy 69 S, Tyler, TX 75703
      View Details
    • $2,500/Mo
      2,000 SF

      Retail Space on Old Jacksonville

      Retail space for lease in Tyler's growing Old Jacksonville corridor.
      16637 Old Jacksonville Highway Suite C, Tyler, TX 75703
      View Details
    • $2,273/Mo
      1,364 SF

      New Office Space in Tyler

      New construction office space for lease in South Tyler.
      2012 W Cumberland Rd, Tyler, TX 75703
      View Details
    • $805/Mo
      468 SF

      South Broadway Avenue Office Space

      Office and medical suites available on South Broadway Avenue.
      3300 S Broadway Ave Bldg 1 & 3, Tyler, TX 75701
      View Details
    • $3,800/Mo

      Tyler Office Space For Rent

      Strategically located office and medical suites available for lease.
      3310 S Broadway Avenue, Tyler, TX 75701
      View Details
    • $1,104/Mo
      2,409 SF

      Versatile Flex Space in Tyler

      Office and industrial space with showroom and warehouse.
      13306 Hwy 110 S. Ste 100, Tyler, TX 75707
      View Details
    • $3,094/Mo
      3,094 SF

      Versatile Space on Loop 323

      3,094 SF space ideal for retail, showroom, or service.
      3225 S SW Loop 323, Tyler, TX 75701
      View Details
    • $3,117/Mo
      1,781 SF

      Customizable Office Space in Tyler

      Shell condition office space with tenant improvement allowance available.
      3143 Golden Rd, Tyler, TX 75701
      View Details
    • $3,167/Mo

      Tyler Retail and Office Space

      Retail and office suites available in South Tyler.
      2230 W Grande Boulevard, Tyler, TX 75703
      View Details
    • $995/Mo

      Updated Office Unit For Rent

      Updated office space with flexible layout and central location.
      605 Chase Dr #Ste 6, Tyler, TX 75701
      View Details
    • $3,117/Mo
      1,781 SF

      Customizable Office Space in Tyler

      Shell condition office space with tenant improvement allowance available.
      3143 Golden Road, Tyler, TX 75701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.4 acre pad site in high-traffic Tyler location.
    Where is this commercial land located?
    The property is located at 1909 E SE Loop 323 Tyler, TX.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Loop 323 and Troup Hwy.; 0.4 acre pad site suitable for development.; Surrounded by strong retailers and restaurants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mario Martinez
    Real Estate License ID: FLBO
    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
    1909 E SE Loop 323, Tyler, TX 75701
    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!