Property profile

15844 Hwy 31 Tyler, TX 75709

OFF-MARKET
Industrial properties
13,373 SF 7.34 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 7.34-acre property in Tyler, Texas, presents a unique investment opportunity. The property boasts a thriving 8,250-square-foot auto shop, currently leased until January 1, 2027, generating $3,000 in monthly rent. In addition to the shop, 33 truck parking spaces on 3 acres provide an extra $10,000 in monthly income. The durable crushed concrete parking lot was constructed in 2013. A separate 2-acre parcel with its own highway access offers significant development potential. The property also includes two residences: a renovated 2,945-square-foot brick house (3 bedrooms, 3.5 baths, bonus room, saltwater pool, Cat 6 cabling, fiber optic internet) and a 2,078-square-foot energy-efficient doublewide home (3 bedrooms, 2 baths, hot tub, Generac 22-watt generator). Other features include a newly finished greenhouse, various fruit trees, an old garage used for storage, a converted semi-trailer, a two-car carport, and a fenced 2-acre shared backyard. The entire property is zoned for commercial and residential use, offering multiple revenue streams and a comfortable living environment. The main building was constructed in 1964, with additional structures built in 2013 and 2019. The property is conveniently located less than a mile west of Loop 49, providing easy access to major transportation routes. This versatile property offers a blend of commercial, residential, and agricultural features, making it an ideal investment for a variety of uses. The total square footage is 13,373.

Property profile

Verified
Property type Industrial properties
Total area 13,373 SF
Lot 7.34 ac (319,730 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Freight Service Logistics Company

Location

15844 Hwy 31 Tyler, TX 75709
Tyler metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15844 Hwy 31?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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