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    1203 Loop Tyler, TX 75701

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    1203 Loop Tyler, TX 75701

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    • Specialty properties
    • 14,125 SF
    • 1.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1203 Loop

    Lot size
    1.79 lot acres
    Property size
    14,125 SF
    Property type
    Specialty properties
    Property subtype
    Land

    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
    -95.2667
    Latitude
    32.3358

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      3509 Ssw Loop 323

      CHARITABLE ORGANIZATION • 6,500 SF
      3509 Ssw Loop 323, Tyler, TX 75701-9225
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    • Value Estimation by Request
      3,229 SF

      804 Duckenfield Ave

      CHARITABLE ORGANIZATION • 3,229 SF
      804 Duckenfield Ave, Tyler, TX 75701-1047
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    • Value Estimation
      $1,185,000
      19,815 SF

      3200 New Copeland Rd

      CHARITABLE ORGANIZATION • 19,815 SF
      3200 New Copeland Rd, Tyler, TX 75701
      View Details
    • Value Estimation by Request
      3,666 SF

      2447 Earl Campbell Pkwy

      CHARITABLE ORGANIZATION • 3,666 SF
      2447 Earl Campbell Pkwy, Tyler, TX 75701
      View Details
    • Value Estimation
      $715,000
      20,574 SF

      1011 1st St

      FUNERAL HOME • 20,574 SF
      1011 1st St, Tyler, TX 75701-3308
      View Details
    • Value Estimation by Request
      2,100 SF

      2908 Meyer Ave

      CHARITABLE ORGANIZATION • 2,100 SF
      2908 Meyer Ave, Tyler, TX 75701
      View Details

    Similar Nearby for Sale

    • $1,805,780

      Land Available in Tyler, Texas

      Land for sale on Southwest Loop 323, Tyler, TX
      Southwest Loop 323, Tyler, TX 75701
      View Details
    • $995,000

      Land Available For Sale

      Land available for sale at Southwest Loop 323, Tyler, TX.
      3909 S Southwest Loop 323, Tyler, TX 75701
      View Details
    • Contact for pricing

      Land For Sale, Tyler, TX

      Land available for purchase in Tyler, Texas.
      601 E Southeast Loop 323, Tyler, TX 75701
      View Details
    • $1,250,000
      1.92 Acres

      Prime Tyler Commercial Land

      1.92 Acres, High Visibility, Loop 323
      3909 Loop Rd 323, Tyler, TX 75701
      View Details
    • $85,000

      Land Available in Tyler, Texas

      Land for sale at 2201 N Broadway Ave, Tyler, TX
      2201 N Broadway Ave, Tyler, TX 75701
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    • $1,800,000

      Land for Sale

      Land available for purchase on McDonald Road, Tyler, TX.
      3980 Mcdonald Rd, Tyler, TX 75701
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property Near Affluent Neighborhoods

      Commercial property with ample parking and easy access to restaurants.
      111 W 5Th St, Tyler, TX 75701
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      0.4 acre pad site in high-traffic Tyler location.
      1909 E Loop Rd SE, Tyler, TX 75701
      View Details
    • $6,525 /Mo
      18,034 SF

      Tyler Office Building For Lease

      Commercial office building with multiple offices and parking spaces.
      200 E Amherst St, Tyler, TX 75701
      View Details
    • $1,000 /Mo
      27,922 SF

      Open-Concept Office Space For Rent

      1200 SF open-concept office space with convenient parking.
      4011 Old Noonday Rd, Tyler, TX 75701
      View Details
    • $9,700 /Mo
      4,000 SF

      Restaurant Space in High-Traffic Area

      Prime restaurant space near Loop 323 and Troup Highway.
      3306 Troup Hwy, Tyler, TX 75701
      View Details
    • $1,500 /Mo
      21,344 SF

      Warehouse Flex Space Available

      Warehouse flex space for lease in Midtown Tyler, Texas.
      2316 E 5Th St, Tyler, TX 75701
      View Details
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    1203 Loop
    Tyler, TX 75701
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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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    1203 Loop, Tyler, TX, 75701

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