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    State Highway 31 Tyler, TX 75702

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    State Highway 31 Tyler, TX 75702

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    • Warehouses
    • 28,254 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 State Highway 31

    Year built
    2020
    Property size
    28,254 SF
    Property type
    Warehouses
    Property subtype
    Office properties & Spaces

    Description

    This exceptional commercial property in Tyler, Texas, offers a unique blend of office and warehouse space, ideal for a variety of businesses. Situated on a spacious 30-acre lot with 470 feet of frontage along Highway 31 E, this complex boasts three buildings totaling 28,254 square feet. Construction was completed in 2020, ensuring modern amenities and efficient layouts. The property features a two-story traditional office building offering 22,154 square feet of space, perfect for corporate headquarters or large-scale operations. A second, smaller office building provides an additional 2,100 square feet, suitable for administrative functions or smaller teams. Complementing the office space is a 4,000-square-foot warehouse, providing ample storage or production capabilities. The single-tenant occupancy allows for complete control and customization of the space. This property's strategic location along Highway 31 E in Tyler, TX (zip code 75702) ensures high visibility and easy access for employees and clients. The expansive lot size offers significant potential for future expansion or development. This is a rare opportunity to acquire a versatile and well-maintained commercial property in a thriving Texas market. The property's modern construction and flexible layout make it an attractive investment for businesses seeking a prominent presence in Tyler.

    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
    -95.2461
    Latitude
    32.3497

    Comparable in this City

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      76,500 SF

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      6,500 SF

      301 Sse Loop

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      3,360 SF

      812 Beckham Ave

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      5,040 SF

      812 Beckham Ave

      WAREHOUSE, STORAGE • 5,040 SF
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    • Value Estimation by Request
      3,315 SF

      719 Bois D Arc Ave

      MINI-WAREHOUSE, STORAGE • 3,315 SF
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    • Value Estimation by Request
      10,950 SF

      2916 Chandler Hwy

      MINI-WAREHOUSE, STORAGE • 10,950 SF
      2916 Chandler Hwy, Tyler, TX 75702-6731
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      7,500 SF

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    • $320,000

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      Multi-use property suitable for office, industrial, or residential purposes.
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      Office/Warehouse on East Front Street

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      15,000 SF

      Spacious Showroom/Warehouse on Gentry Parkway

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    Similar Nearby for Lease

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      Warehouse/Distribution/Flex Space Opportunity

      Warehouse, distribution, and flex space available for rent.
      3020 State Highway 31 E, Tyler, TX 75702
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    • Contact for pricing

      Warehouse/Distribution/Flex Space Opportunity

      Build-to-suit opportunity for warehouse, distribution, or flex space users.
      3020 Hwy. 31 E, Tyler, TX 75702
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    • Contact for pricing
      9,500 SF

      Warehouse with Showroom and Office

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    • $1,500 /Mo
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      Covered Storage & Yard For Lease

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      6,000 SF

      Renovated Showroom/Warehouse Space Available

      6,000 SF showroom/warehouse with modern finishes and loading bays.
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    • $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
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    State Highway 31
    Tyler, TX 75702
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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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    State Highway 31, Tyler, TX, 75702

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