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

    106 Elm St Tyler, TX 75702

    • Commercial real estate
    • 0.25 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7699450
    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

    • Sheriff Department Civil Process Division / Sheriff'S Department

    Property Details for 106 Elm St

    Lot size
    0.25 lot acres
    Property type
    Commercial real estate
    APN
    1-50000-0002-00-026010
    APU
    150000000200026010

    Description

    This exceptional Class A retail space, located at 106 E Elm St in Tyler, TX, 75702, offers 9,000 square feet divisible into two suites, each a minimum of 3,000 square feet and a maximum of 6,000 contiguous square feet. The property sits on a 0.249-acre lot and boasts a two-story building constructed in 1954 and extensively renovated in 2022. The building features convenient access to a parking garage across the street, as well as ample street parking. This is a unique opportunity to be part of the revitalization of Downtown Tyler, situated near 100+ new multifamily units, the Midtown Medical District, and a proposed new Smith County Courthouse. The space is ideally positioned to benefit from the thriving downtown retail market and high-density residential growth. Tenants will receive a $20 per square foot tenant improvement allowance. The property is zoned commercial (Smith County) and offers a warm shell delivery to the tenant. The anticipated availability date is Q1 2025.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3003
    Latitude
    32.3498
    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
    $5,926
    $64,974
    $275,000
    $339,974
    -
    $64,974
    $275,000
    $339,974

    Comparable in this City

    • Value Estimation by Request
      0.93 Acres

      1730 Frnt St

      COMMERCIAL (GENERAL) • 0.93 Acres
      1730 Frnt St, Tyler, TX 75702
      View Details
    • Value Estimation by Request
      0.28 Acres

      2308 Frnt St

      COMMERCIAL (GENERAL) • 0.28 Acres
      2308 Frnt St, Tyler, TX 75702-8576
      View Details
    • Value Estimation by Request
      0.53 Acres

      710 Valentine St

      COMMERCIAL (GENERAL) • 0.53 Acres
      710 Valentine St, Tyler, TX 75702
      View Details
    • Value Estimation by Request
      0.18 Acres

      709 Valentine St

      COMMERCIAL (GENERAL) • 0.18 Acres
      709 Valentine St, Tyler, TX 75702
      View Details
    • Value Estimation by Request
      0.17 Acres

      521 Valentine St

      COMMERCIAL (GENERAL) • 0.17 Acres
      521 Valentine St, Tyler, TX 75702-4755
      View Details
    • Value Estimation by Request
      0.27 Acres

      520 Valentine St

      COMMERCIAL (GENERAL) • 0.27 Acres
      520 Valentine St, Tyler, TX 75702-4766
      View Details

    Similar Nearby for Sale

    • $150,000
      0.83 Acres

      Prime Tyler Commercial Land

      High-traffic Loop 323 lot, $150k
      3001 Wnw Loop, Tyler, TX 75702
      View Details
    • $964,000
      2.95 Acres

      Prime Tyler Commercial Land

      2.95 Acres, Hwy 31 E Frontage
      3400 Front St, Tyler, TX 75702
      View Details
    • $50,000
      0.19 Acres

      Prime Tyler Commercial Land

      0.19-acre C-1 zoned lot, $50k
      903 Border Ave, Tyler, TX 75702
      View Details
    • $400,000

      Tyler Commercial Land - High ROI Potential

      Prime 2.33-acre site, high traffic area.
      3020 Gentry Pkwy, Tyler, TX 75702
      View Details
    • $749,000
      9.55 Acres

      West Tyler Commercial Land Investment

      9.55 Acres, Loop 323 Frontage
      605 Nnw Loop, Tyler, TX 75702
      View Details
    • $885,000
      56.00 Acres

      Prime Tyler Residential Land

      56 acres, 100+ home potential.
      4141 Brazos Blvd, Tyler, TX 75702
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      83,020 SF

      Westwood Shopping Center: Retail Opportunity

      High-traffic retail center; spaces available
      510 Loop Rd 323, Tyler, TX 75702
      View Details
    • Contact for pricing
      2,216 SF

      Prime Tyler QSR/Retail Opportunity

      2,216 SF Single-Tenant Building, Drive-Thru
      3816 State Highway 64, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      19,520 SF

      Jordan Plaza Office Suite Available

      1,534 SF Office in Tyler, TX
      115 Jordan Plaza Blvd, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      9,000 SF

      Downtown Tyler Retail Space

      Prime Retail, 3,000-6,000 SF Available
      106 Elm St, Tyler, TX 75702
      View Details
    • $960,000
      8,000 SF

      Retail Property Near Tyler High

      NNN lease property with a strong customer base.
      1527 N Northwest Loop 323, Tyler, TX 75702
      View Details
    • $12 SF/Yr
      1,700 SF

      Office Space Available For Rent

      Office space available for lease, totaling 1,700 square feet.
      13387 Mineola Hwy, 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.
    106 Elm St
    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

    Google sign-in failed. Please try again or use another login method.