Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    451 Loop Tyler, TX 75702

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    451 Loop Tyler, TX 75702

    View on Map
    • Retail properties & Spaces
    • 0.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 451 Loop

    Year built
    2024
    Lot size
    0.72 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional investment opportunity presents a brand-new, 20-year absolute NNN ground lease with Take 5 Oil Change, a nationally recognized brand. Located at 451 S SE Loop 323, Tyler, TX 75702, this 1,682 square foot auto shop sits on a 0.72-acre lot and boasts excellent visibility at a signalized intersection across from a Walmart Supercenter. The lease commenced June 1, 2024, and expires June 1, 2044, with three 5-year renewal options. The property benefits from a strong tenant covenant, a 5.25% cap rate, and a substantial net operating income (NOI) of $99,500. The lease includes 2% annual rent increases, ensuring consistent income growth. The property's strategic location along the retail corridor of Loop 323, near other national retailers like Aldi, 7-Eleven, and Starbucks, further enhances its investment appeal. Built in 2024, this property is a turnkey investment with minimal management requirements due to the absolute NNN lease structure, where the tenant is responsible for all property expenses including taxes, insurance, and maintenance. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant long-term growth potential. The asking price is $1,895,238.

    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
    -95.268
    Latitude
    32.3462

    Comparable in this City

    • Value Estimation by Request
      3,580 SF

      831 Erwin St

      AUTO REPAIR, GARAGE • 3,580 SF
      831 Erwin St, Tyler, TX 75702-7040
      View Details
    • Value Estimation by Request
      5,850 SF

      1301 Erwin St

      AUTO REPAIR, GARAGE • 5,850 SF
      1301 Erwin St, Tyler, TX 75702-6910
      View Details
    • Value Estimation
      $505,000
      11,557 SF

      1516 Erwin St

      AUTO REPAIR, GARAGE • 11,557 SF
      1516 Erwin St, Tyler, TX 75702-6929
      View Details
    • Value Estimation by Request
      1,440 SF

      1701 Erwin St

      AUTO REPAIR, GARAGE • 1,440 SF
      1701 Erwin St, Tyler, TX 75702-4902
      View Details
    • Value Estimation by Request
      4,880 SF

      Englewooderwin

      AUTO REPAIR, GARAGE • 4,880 SF
      Englewooderwin, Tyler, TX 75702
      View Details
    • Value Estimation by Request
      2,346 SF

      201 Frnt St

      AUTO REPAIR, GARAGE • 2,346 SF
      201 Frnt St, Tyler, TX 75702-8123
      View Details

    Similar Nearby for Sale

    • $239,000
      0.41 Acres

      Mechanic Shop Ready for User

      Clean building set up as light mechanic shop.
      800 N Broadway Ave, Tyler, TX 75702
      View Details
    • $895,000
      15,000 SF

      Retail Property on Gentry Parkway

      Retail property available for sale, 15000 square feet.
      3046 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $325,000
      5,436 SF

      Restaurant Building in Tyler, TX

      Iconic restaurant property on 1.67 acres, prime for revitalization.
      2512 E Erwin St, Tyler, TX 75702
      View Details
    • Contact for pricing
      2,382 SF

      Tyler Car Wash Opportunity

      Car wash with in-bay automatics and wand wash bays.
      1820 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • Contact for pricing

      Established Car Wash Business Opportunity

      Turnkey car wash with high visibility in Tyler, Texas.
      1820 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $300,000

      Six-Bay Car Wash For Sale

      Six-bay self-serve car wash with six vacuums in Tyler, TX.
      1809 W Gentry Pkwy, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • $4,600 /Mo
      24,394 SF

      Tyler Retail/Warehouse Space For Lease

      Retail/warehouse space with high visibility and multiple overhead doors.
      3216 W Gentry Pkwy, Tyler, TX 75702
      View Details
    • $1,500 /Mo
      74,052 SF

      Covered Storage & Yard For Lease

      Covered storage with yard near East Loop 323.
      2340 E Erwin St, Tyler, TX 75702
      View Details
    • $1,500 /Mo
      3,000 SF

      Covered Storage & Yard For Lease

      Covered storage and yard space available for lease in Tyler.
      2340 E Erwin St, Tyler, TX 75702
      View Details
    • Contact for pricing

      Downtown Tyler Retail Space Available

      9200 SF retail space in up-and-coming Tyler, TX.
      106 E Elm St, Tyler, TX 75702
      View Details
    • Contact for pricing
      6,000 SF

      Renovated Showroom/Warehouse Space Available

      6,000 SF showroom/warehouse with modern finishes and loading bays.
      2121 W Erwin St, Tyler, TX 75702
      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.
    451 Loop
    Tyler, TX 75702
    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

    451 Loop, Tyler, TX, 75702

    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!