Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6854 Lazy Vale Ct Tyler, TX 75703
    Property profile & analytics

    6854 Lazy Vale Ct, Tyler, TX 75703

    View on Map
    • Residential income homes
    • 14,980 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 6854 Lazy Vale Ct

    Year built
    2024
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of four newly constructed duplexes in Tyler, Texas, totaling eight units and boasting 14,980 square feet of net rentable space. Built in 2024, the property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $193,658, representing a compelling 6.15% capitalization rate. Each duplex features two units, meticulously designed with open-concept living areas, abundant natural light, and high ceilings. Gourmet kitchens are equipped with stainless steel appliances, quartz countertops, and custom cabinetry. Units include two or three generously sized bedrooms, with master suites offering en-suite bathrooms and walk-in showers. All units benefit from fenced backyards maintained by the HOA, attached two-car garages, and additional parking. The property's prime location offers convenient access to shopping, schools, parks, and public transportation. Future neighborhood amenities will include a pool, pond, and walking/biking trails. Additional lots are available for future expansion, presenting significant potential for growth and increased returns. The asking price for this turnkey investment is $3,150,000, offering strong cash flow and long-term appreciation potential. The average rent rate is $1.49 per square foot. This property is ideal for investors seeking a high-performing, low-maintenance multifamily asset in a thriving Texas market.

    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
    -95.3468
    Latitude
    32.2761

    Comparable in this City

    • Value Estimation by Request
      12,909 SF

      14195 County Road 192

      Multifamily properties
      14195 County Road 192, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      1,318 SF

      2404 Villa Ct

      Multifamily properties
      2404 Villa Ct, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      8,139 SF

      1212 Centennial Trl

      Multifamily properties
      1212 Centennial Trl, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      0.79 Acres

      2631 Shiloh Rd

      MOBILE HOME PARK, TRAILER PARK
      2631 Shiloh Rd, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      1.10 Acres

      16614 Echo Glen Dr

      Multifamily properties
      16614 Echo Glen Dr, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      0.79 Acres

      2625 Shiloh Rd

      MOBILE HOME PARK, TRAILER PARK
      2625 Shiloh Rd, Tyler, TX 75703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,147 SF

      Tyler Duplex: Turnkey Investment Opportunity

      Fully occupied duplex in Tyler with immediate income potential.
      2103 Easy St, Tyler, TX 75703
      View Details
    • $120,000
      1.46 Acres

      Duplex Development Lots in Tyler

      Two build-ready duplex lots in established Southbend Creek community.
      8362 Garrett Dr, Tyler, TX 75703
      View Details
    • $349,000
      3,020 SF

      Updated Duplex Near Tyler Downtown

      Spacious duplex with updates near TJC, downtown, and medical district.
      2226/2228 Aberdeen Dr, Tyler, TX 75703
      View Details
    • $3,220,000
      1.80 Acres

      Income-Producing Multi-Family Property

      Multi-family property in Tyler, TX with expansion potential.
      14151 County Road 192, Tyler, TX 75703
      View Details
    • $496,000
      3,676 SF

      Duplex with Remodeled Unit

      Duplex featuring remodeled unit and new roof in Tyler, TX.
      113 E Heritage Dr, Tyler, TX 75703
      View Details
    • $470,000
      4,478 SF

      Duplex in Excellent Tyler Location

      Rare duplex with tenants in place, great location.
      5704 Foxcroft Rd, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • $2,175 /Mo
      18,295 SF

      Comfortable Home/Office Space For Lease

      Charming home offers flexibility and comfort in a great location.
      16369 State Highway 155 S, 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
    • $10,833 /Mo
      4,385 SF

      Former Restaurant with Drive-Thru

      Prime restaurant space with drive-thru in high-traffic area.
      6849 S Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      7,522 SF

      Retail Space Available For Lease

      7,522 square feet retail space available for lease.
      8926 S Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      1,450 SF

      Office Space on Shiloh Road

      Class B office space with high visibility and convenient location.
      1800 Shiloh Rd, Tyler, TX 75703
      View Details
    • $2,500 /Mo
      2,000 SF

      Retail Space on Old Jacksonville

      Retail space for lease in Tyler's growing Old Jacksonville corridor.
      16637 Old Jacksonville Hwy, 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.
    6854 Lazy Vale Ct
    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

    Thank You for Inquiry
    6854 Lazy Vale Ct, Tyler, TX, 75703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!