Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3111 Grande Blvd Tyler, TX 75703

    • Commercial real estate
    • 2.77 lot acres
    For Sale
    View listing
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6513250
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3111 Grande Blvd

    Lot size
    2.77 lot acres
    Property type
    Commercial real estate
    APN
    1-50000-1670-00-005000
    APU
    150000167000005000

    Description

    This exceptional 4.16-acre commercial land parcel, located at 3111 & 3215 W Grande Blvd in Tyler, Texas, presents a compelling investment opportunity. Situated in Smith County, zip code 75703, this property boasts a highly desirable C-2 zoning, allowing for a diverse range of commercial developments. The flat, 4.16-acre lot offers approximately 475 feet of frontage on W. Grande Blvd, providing excellent visibility and accessibility. One curb cut is already in place, simplifying the development process. Construction documents are available upon request. This prime location is strategically positioned within Tyler's dynamic commercial zone, only 0.5 miles from Hwy 155 and 0.75 miles from Old Jacksonville Hwy, with easy access to Loop 323. Surrounded by existing professional and retail establishments, this site ensures a steady flow of potential customers. The property's location offers significant potential for an office park, retail center, or mixed-use development, capitalizing on Tyler's continued growth and upward economic trajectory. This is an ideal opportunity for investors seeking a prime location with immediate development potential in a thriving Texas market. The asking price for this exceptional property is $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3468
    Latitude
    32.2826
    CBSA code
    46340
    CBSA name
    TYLER, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,253
    $301,325
    $0.00
    $301,325
    -
    $301,325
    $0.00
    $301,325

    Comparable in this City

    • Value Estimation by Request
      2,566 SF

      4901-4949 Broadway Ave

      Retail properties • 2,566 SF
      4901-4949 Broadway Ave, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      15.00 Acres

      5290 Tyler Park Dr

      Land • 15.00 Acres
      5290 Tyler Park Dr, Tyler, TX 75703
      View Details
    • Value Estimation by Request
      10.06 Acres

      Cumberland Rd

      Land • 10.06 Acres
      0 Cumberland Rd, Tyler, TX 75703
      View Details
    • Value Estimation
      $270,000
      0.85 Acres

      Thistle

      COMMERCIAL (GENERAL) • 0.85 Acres
      Thistle, Tyler, TX 75703
      View Details
    • Value Estimation
      $275,000
      0.98 Acres

      4721 Troup Hwy

      COMMERCIAL (GENERAL) • 0.98 Acres
      4721 Troup Hwy, Tyler, TX 75703-2307
      View Details
    • Value Estimation
      $250,000
      0.92 Acres

      12741 State Hwy 155th S

      COMMERCIAL (GENERAL) • 0.92 Acres
      12741 State Hwy 155th S, Tyler, TX 75703-6538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.13 Acres

      Broadway Hills Plaza: Prime Commercial Land

      Tyler, TX: Four build-ready commercial lots.
      7925 Broadway Ave, Tyler, TX 75703
      View Details
    • $6,000,000
      98.60 Acres

      Centennial Pkwy Development Site

      98.6 Acres, Prime Commercial Land
      0 Centennial Pkwy, Tyler, TX 75703
      View Details
    • Contact for pricing
      0.53 Acres

      Tyler Commercial Land - Blue Ridge

      Prime Tyler land, retail/office development.
      2114 Blue Mountain Blvd, Tyler, TX 75703
      View Details
    • $1,300,000
      7.98 Acres

      Prime Tyler Commercial Land

      7.98 Acres, Hwy 155 Frontage
      16326 State Highway 155, Tyler, TX 75703
      View Details
    • $465,000
      2.20 Acres

      Prime Tyler TX Commercial Land

      2.2-acre pad site; ready for development.
      13955 Tx-155, Tyler, TX 75703
      View Details
    • $345,000
      0.80 Acres

      South Tyler Commercial Land

      0.8-Acre C-1 Zoned Lot, $345,000
      6821 Oak Hill Blvd, Tyler, TX 75703
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      200,000 SF

      Broadway Ave Retail Center

      Tyler, TX: Prime Retail Space Available
      8900 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      700,000 SF

      Cumberland Park Retail Center

      Tyler, TX: Prime Retail Space Available
      8926 Broadway Ave, Tyler, TX 75703
      View Details
    • Contact for pricing
      7,000 SF

      Tyler, TX Industrial Flex Space

      Modern Flex/Warehouse Units - 700-7000 sqft
      15426 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • $18 SF/Yr
      2,976 SF

      South Tyler Class A Office Space

      Prime South Tyler Office: 2,976 sq ft, Class A.
      1015 Pruitt Pl, Tyler, TX 75703
      View Details
    • $15 SF/Yr
      112,000 SF

      Highland Village Retail Center

      Tyler, TX: Prime Retail Space Available
      3900 Troup Hwy, Tyler, TX 75703
      View Details
    • Contact for pricing
      100,000 SF

      Shops at Butler Creek: Medical/Office

      Tyler, TX: Prime Office Space Available
      3556 Grande Blvd, 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.
    3111 Grande Blvd
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.