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    12440 Hwy 31 Tyler, TX 75709

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    12440 Hwy 31 Tyler, TX 75709

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    • Retail properties & Spaces
    • 3,000 SF
    • 3.62 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobil / Gas Station
    • PNC Bank ATM / Atm

    Property Details for 12440 Hwy 31

    Year built
    1980
    Lot size
    3.62 lot acres
    Property size
    3,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a 3,000 square foot 7-Eleven convenience store and gas station situated on a 3.62-acre lot in Tyler, Texas. The property boasts a prime location on Highway 31 W (15,681+ vehicles per day) and near Highway 323 SW (35,620+ vehicles per day), ensuring high visibility and consistent traffic flow. Built in 1980, the single-story building is currently operating under a corporate-guaranteed absolute NNN lease with 10.6 years remaining. The lease features attractive 7.5% rent bumps every five years, providing significant long-term growth potential. The property's strong NOI of $240,000 yields a 5.50% cap rate, making it an attractive investment for discerning buyers. Benefiting from a strong tenant in 7-Eleven, the world's largest convenience store chain, this asset offers exceptional stability and growth prospects. The property's strategic location is further enhanced by its proximity to other established businesses, including Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, and Scotts Company, and its convenient location less than ten minutes from Tyler Pounds Regional Airport. Tyler, the commercial and cultural heart of East Texas, boasts a population exceeding 104,945, offering a substantial and growing customer base. This is a rare opportunity to acquire a high-performing, passively managed investment property with significant upside potential. The asking price is $4,364,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3741
    Latitude
    32.3377

    Comparable in this City

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    • Value Estimation by Request
      4,284 SF

      12222 State Hwy 31st W

      RETAIL STORES (PERSONAL SERVICES) • 4,284 SF
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    • Value Estimation by Request
      3,240 SF

      12573 State Hwy 31st W

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      12573 State Hwy 31st W, Tyler, TX 75709-4521
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    • Value Estimation
      $575,000
      4,536 SF

      5401 State Hwy 31st W

      RETAIL STORES (PERSONAL SERVICES) • 4,536 SF
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    • Value Estimation
      $935,000
      9,016 SF

      5150 State Hwy 31st W

      RETAIL STORES (PERSONAL SERVICES) • 9,016 SF
      5150 State Hwy 31st W, Tyler, TX 75709
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    • Value Estimation by Request
      15,630 SF

      12041 Spur 364

      RETAIL STORES (PERSONAL SERVICES) • 15,630 SF
      12041 Spur 364, Tyler, TX 75709-5364
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      13624 State Highway 31 W, Tyler, TX 75709
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    12440 Hwy 31
    Tyler, TX 75709
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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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    12440 Hwy 31, Tyler, TX, 75709

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