713 Loop Tyler, TX 75701
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Lifestyle centers
Property Details for 713 Loop
- Year built
- 1976
- Lot size
- 1.40 lot acres
- Property size
- 15,327 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 15,327 square foot shopping center in Tyler, Texas, presents a compelling value-add investment opportunity. Located on 1.4 acres at 713 W SW Loop 323, the property boasts a prime location with high visibility and traffic counts exceeding 36,000 vehicles daily. Built in 1976 and extensively renovated in 2021 (including a new roof in 2024), the single-story building features nine units with a current occupancy of 71%. The property benefits from a convenient drive-through and 280 feet of road frontage on Loop 323. Significant improvements include state-of-the-art HVAC units and upgraded plumbing. All leases are NNN, minimizing owner expenses. The current NOI is $182,327, with a pro-forma NOI of $285,601 and a pro-forma cap rate of 9.21%. The asking price is $3,100,000 ($202.26/sq ft), and owner financing is available for qualified buyers. The property's strategic location near national retailers and its recent renovations position it for long-term tenancy and increased profitability. The permitted zoning is C. This is an exceptional opportunity to acquire a well-located, value-add retail property with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3104
- Latitude
- 32.3043
