Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2280 County Road 129 Tyler, TX 75703

    • Land
    • 110.00 lot acres
    For Sale
    View listing
    $3,850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2280 County Road 129

    Lot size
    110.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    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
    -95.3059
    Latitude
    32.1879

    Comparable in this City

    • Value Estimation by Request
      4.93 Acres

      2750 Grande Blvd

      Farms • 4.93 Acres
      2750 Grande Blvd, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      137.81 Acres

      County Road 129

      Farms • 137.81 Acres
      0 County Road 129, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      64.00 Acres

      13918 Hwy 155

      Farms • 64.00 Acres
      13918 Hwy 155, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      4.54 Acres

      State Highway 155

      Farms • 4.54 Acres
      0 State Highway 155, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      3.76 Acres

      2950 Grande Blvd

      Farms • 3.76 Acres
      2950 Grande Blvd, Tyler, TX 75703
      View Details
    • Value Estimation by Request

      5002 Broadway Ave

      Land
      5002 Broadway Ave, Tyler, TX 75703
      View Details

    Similar Nearby for Sale

    • $3,850,000
      110.00 Acres

      Prime 110-Acre Tyler Farmland

      Exceptional agricultural land, ideal for development.
      2280 County Road 129, Tyler, TX 75703
      View Details
    • $1,495,000
      4,004 SF

      Equestrian Ranch Near Tyler, Texas

      50-acre ranch with equestrian amenities, 5-bedroom home, near Tyler.
      21384 County Road 116, Tyler, TX 75703
      View Details
    • $3,850,000
      110.00 Acres

      South Tyler Acreage For Sale

      110 acres in South Tyler with development potential.
      2280 County Road 129, Tyler, TX 75703
      View Details
    • $3,975,000
      123.00 Acres

      Tyler, TX Acreage For Sale

      124± acres near Toll 49 & Hwy 155, Tyler, TX.
      Tbd C R 166, Tyler, TX 75703
      View Details
    • $650,000
      4.16 Acres

      Tyler Commercial Land - 4.16 Acres

      Prime Development Opportunity in Tyler, TX
      3111 Grande Blvd, Tyler, TX 75703
      View Details
    • Contact for pricing
      104.00 Acres

      Prime Tyler, TX Commercial Land

      104 Acres at Major Intersection
      2571 Grande Blvd, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Shops at Butler Creek: Medical/Office

      Tyler, TX: Prime Office Space Available
      3556 Grande Blvd, Tyler, TX 75703
      View Details
    • Contact for pricing
      3,789,720 SF

      Parkside Development: Tyler, TX Land

      Prime Tyler Retail Land, 1-87 Acres
      8851 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      68,389 SF

      South Broadway Commercial Pad Site

      High-traffic location, retail/dining opportunity.
      6618 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      43,560 SF

      Tyler Pad Site: Prime Retail Location

      1-Acre Commercial Land, High Traffic Area
      5002 Broadway Ave, Tyler, TX 75703
      View Details
    • $20,000 /Mo
      20,000 SF

      Tyler, TX Land For Lease

      Land for lease in Tyler, TX with build to suit opportunity.
      5637 Paluxy Dr, Tyler, TX 75703
      View Details
    • $3,480 /Mo
      82,198 SF

      Tyler, TX Retail/Office Space

      Retail or office build-to-suit for lease in Tyler, TX.
      5647 Kpe Way, Tyler, TX 75703
      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.
    2280 County Road 129
    Tyler, TX 75703
    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.
    Sign Up Successful!
    You now have access to more from Realmo!