Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400-2500 5Th St Tyler, TX 75701

    • Retail properties
    • 25,527 SF
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2400-2500 5Th St

    Year built
    1976
    Property size
    25,527 SF
    Property type
    Retail properties

    Description

    Lone Star Shopping Center, situated in Tyler, Texas, presents a compelling investment opportunity. This established retail center, totaling 25,527 square feet, is strategically located within Loop 323 on East Fifth Street in Smith County, offering excellent visibility and accessibility. Built in 1976, the property sits on a 2.89-acre lot and provides ample parking with 40 spaces. Currently, there are 11,126 square feet of vacant space available, offering immediate potential for lease income. The available spaces range in size from 893 square feet to 3,161 square feet, catering to a variety of retail tenants. The property is zoned C-2, allowing for a range of commercial uses. This prime location within a busy commercial corridor provides high traffic counts and strong potential for attracting a diverse tenant mix. The center's existing infrastructure and established presence in the community make it an attractive option for both established businesses and new ventures. With its convenient location and significant vacant space, Lone Star Shopping Center offers a unique opportunity to capitalize on the thriving retail market in Tyler, Texas. The property's address is 2400-2500 Fifth St, Tyler, TX 75701.

    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
    -95.2706
    Latitude
    32.3322

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      Beckham Ave

      Retail properties • 12,000 SF
      0 Beckham Ave, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      8,947 SF

      1801 Loop

      Retail properties • 8,947 SF
      1801 Loop, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      5,964 SF

      1500 Loop

      Restaurants • 5,964 SF
      1500 Loop, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      11,214 SF

      724 Loop

      Office Properties & Spaces • 11,214 SF
      724 Loop, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      53,112 SF

      3219 Loop

      Automotive properties • 53,112 SF
      3219 Loop, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      5,964 SF

      1500 Southwest Loop 323

      Retail properties • 5,964 SF
      1500 Southwest Loop 323, Tyler, TX 75701
      View Details

    Similar Nearby for Sale

    • $7,950,000
      78,594 SF

      2702 5Th St

      Lifestyle centers • 78,594 SF
      2702 5Th St, Tyler, TX 75701
      View Details
    • $4,652,175
      2,340 SF

      7-Eleven Investment Opportunity

      NNN Leased Tyler, TX 7-Eleven
      3401 S Broadway Ave, Tyler, TX 75701
      View Details
    • $595,000
      1,876 SF

      Prime Tyler Commercial Property

      1,876 SF Car Wash, Redevelopment Opportunity
      1215 5Th St, Tyler, TX 75701
      View Details
    • $385,000
      1,104 SF

      Tyler Gas Station - Prime Location

      Vacant C-Store, High Visibility, $385,000
      2430 Loop Rd 323, Tyler, TX 75701
      View Details
    • $7,950,000
      78,594 SF

      Tyler Retail Property For Sale

      Retail property available for purchase in Tyler, Texas.
      2704 E 5Th St, Tyler, TX 75701
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      25,527 SF

      Lone Star Shopping Center: Tyler, TX

      Retail Center - High-Traffic Location
      2400-2500 5Th St, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      20,417 SF

      Tyler Retail Center Investment Opportunity

      Grocery-anchored retail space, 4 units available.
      4007 Broadway Ave, Tyler, TX 75701
      View Details
    • $12 SF/Yr
      45,482 SF

      2301 Broadway Ave

      Office Properties & Spaces • 45,482 SF
      2301 Broadway Ave, Tyler, TX 75701
      View Details
    • Contact for pricing
      12,000 SF

      Midtown Retail Center, Tyler, TX

      Prime Tyler retail space, multiple suites available.
      0 Beckham Ave, Tyler, TX 75701
      View Details
    • $14 SF/Yr
      8,947 SF

      Paluxy Plaza: Retail Office Space

      Prime Retail/Office Opportunity in Growing Area
      1801 Loop Rd 323, Tyler, TX 75701
      View Details
    • $3,032 /Mo
      38,071 SF

      Pinnacle Plaza Retail Space Available

      Multiple square footage options available in Tyler, TX.
      3221 S Southwest Loop 323, Tyler, TX 75701
      View Details
    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.
    2400-2500 5Th St
    Tyler, TX 75701
    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

    Google sign-in failed. Please try again or use another login method.