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    Commercial Development Land with Interstate Exposure Title is generated by Realmo AI

    CR 353, Tyler, TX 75708

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    Claim this Listing
    For Sale
    $470,000

    LAND - Tyler, TX

    Lot size:
    47.00 Acres
    Added:
    Jun 28, 2025
    Days on Market:
    341
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for CR 353

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    R106377
    Lot size
    47.00 Acres

    Taxes and HOA fees

    Tax Description
    TRACT 6A (PT 47.108AC/ SEE A-813 TR 1A)

    We can help!

    Listing Contact
    Matthew Marshall

    Listing agent Matthew Marshall License #0544812

    Listing office Drake Real Estate & Investment Tyler, TX

    Listing date Jun 28, 2025

    MLS# 20983395 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 47‑acre tract in Tyler, TX with approximately 3,000 ft of Interstate 20 visibility
    • Over 1,300 ft of frontage access from County Road 353 for ingress/egress
    • Zoned for commercial, industrial, or mixed‑use development per buyer/usage plans (per remarks)
    • Located in an Opportunity Zone and within Tyler’s ETJ
    • Utilities nearby; buyer to verify

    Overview

    This 47-acre land offering delivers strong exposure and development flexibility, with approximately 3,000 feet of Interstate 20 visibility. The tract also provides over 1,300 feet of frontage access from County Road 353, supporting practical ingress and egress for future site planning. Utilities are noted as nearby, with the buyer to verify availability and service details.

    Situated in Tyler, Texas, the property is positioned in a growing area just minutes from I-20 and major arteries. It is located in an Opportunity Zone as well as Tyler’s ETJ, which may align with certain development and investment strategies. The combination of visibility, access, and location makes the site well suited for projects that benefit from high drive-by presence.

    Given the size and roadway exposure, this parcel is a strong candidate for investors, developers, or owner-users seeking a large platform for commercial, industrial, or mixed-use development. Prospective purchasers should review desired concept plans in relation to the existing access from County Road 353 and confirm utility capacity during due diligence.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.1453739
    Latitude
    32.4428348

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    FAQs

    What type of property is this?
    Commercial land - Large tract with extensive I-20 visibility and road frontage, positioned for commercial, industrial, or mixed-use development.
    Where is this commercial land located?
    The property is located at CR 353 Tyler, TX.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: 47‑acre tract in Tyler, TX with approximately 3,000 ft of Interstate 20 visibility; Over 1,300 ft of frontage access from County Road 353 for ingress/egress; Zoned for commercial, industrial, or mixed‑use development per buyer/usage plans (per remarks)
    (903) 581-3737
    We can help!
    Listing Contact
    Matthew Marshall
    Real Estate License ID: 0544812
    Learn More
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    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.

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