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    3980 Mcdonald Rd Tyler, TX 75701

    For Sale
    $2,950,000

    18.96 Acres, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 18.96-acre commercial land parcel in southeast Tyler, Texas, presents a remarkable opportunity for multifamily development. Located at 3980 McDonald Rd, Tyler, TX 75701 (APN: 1-50000-1445-05-001010), this property is zoned PMF (Planned Multifamily) and boasts significant potential. The City of Tyler's Unified Development Code allows for a maximum density of 455 units, making it ideal for a large-scale residential project. Its proximity to UT Tyler (approximately 0.3 miles) makes it particularly attractive for student housing. Significant groundwork has already been completed, and city services are readily available. The property is served by Chapel Hill ISD. This offering presents a compelling investment opportunity with substantial upside potential due to its location, zoning, and high-density capacity. The asking price is $2,950,000. While the city's development code suggests a maximum density, potential buyers should independently verify this information with the City of Tyler's Planning and Zoning Department for definitive confirmation.

    Property Features for 3980 Mcdonald Rd

    General Information

    Property type
    Land
    Lot Size
    825,898 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -95.246146059091
    Latitude
    32.322990903514

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    FAQs

    What type of property is this?
    Land - 18.96 Acres, High-Density Potential
    Where is this land located?
    The property is located at 3980 Mcdonald Rd Tyler, TX.
    What is the asking price?
    The asking price for this property is $2,950,000.
    (903) 443-5894
    Request Owner's contact information
    3980 Mcdonald 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
    3980 Mcdonald Rd Tyler, TX 75701
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