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    3401 G. Dr Tyler, TX 75707
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    Property profile & analytics

    3401 G. Dr Tyler, TX 75707

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    • Office properties & Spaces
    • 7,806 SF
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 3401 G. Dr

    Year built
    1959
    Lot size
    0.64 lot acres
    Property size
    7,806 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2682
    Latitude
    32.3113

    Comparable in this City

    • Value Estimation by Request
      7,806 SF

      3401 G. Dr

      Medical Office Space • 7,806 SF
      3401 G. Dr, Tyler, TX 75707
      View Details
    • Value Estimation by Request
      1,332 SF

      11702 State Hwy 64th E

      OFFICE BUILDING • 1,332 SF
      11702 State Hwy 64th E, Tyler, TX 75707-2526
      View Details
    • Value Estimation
      $1,025,000
      20,634 SF

      3402 Old Omen Rd

      OFFICE BUILDING • 20,634 SF
      3402 Old Omen Rd, Tyler, TX 75707-2104
      View Details
    • Value Estimation
      $545,000
      3,948 SF

      12295 State Hwy 64th E

      OFFICE BUILDING (MULTI-STORY) • 3,948 SF
      12295 State Hwy 64th E, Tyler, TX 75707-2537
      View Details
    • Value Estimation by Request
      3,240 SF

      4955 Profit Dr

      OFFICE BUILDING • 3,240 SF
      4955 Profit Dr, Tyler, TX 75707-1838
      View Details
    • Value Estimation by Request

      13052 County Rd 285

      RADIO OR TV STATION
      13052 County Rd 285, Tyler, TX 75707-6639
      View Details

    Similar Nearby for Sale

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    • $595,000
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      Cleared Land with Metal Buildings

      3.618 acres with five metal buildings and utilities.
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      Commercial Lots For Sale

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      Commercial Lots For Sale

      Three commercial lots suitable for office or medical development.
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    • $150,000
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      Commercial Lots in Tyler, Texas

      Three commercial lots suitable for office or medical development.
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    • $3,500,000
      4,458 SF

      Operating Gas Station on Highway

      Operating Exxon gas station with high visibility on busy highway.
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    Similar Nearby for Lease

    • $1,681 /Mo
      60,853 SF

      Versatile Industrial Suites Available

      Flexible industrial suites for lease outside city limits.
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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,252 to 2,535 SqFt.
      5111 Troup Hwy, Tyler, TX 75707
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      Highway Frontage Warehouse with Offices

      Warehouse with offices, dock doors, and highway frontage.
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    • $1,681 /Mo
      3,668 SF

      Versatile Flex Space Available

      Flexible suites for lease, ideal for office and industrial use.
      13306 State Highway 110 S Ste 100 & 200, Tyler, TX 75707
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    • Contact for pricing

      Multi-Use Property on Highway 64

      Versatile commercial property with office, showroom, and warehouse space.
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    • $5 SF/Yr
      3,668 SF

      Versatile Flex Space Available

      Adaptable suites for office and industrial use.
      13304-13306 State Highway 110 S, Tyler, TX 75707
      View Details
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    Tyler, TX 75707
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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.

    More about this property
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