Property profile

1202 Bennett Ave Tyler, TX 75701

OFF-MARKET
Warehouses
Property ID
US82-0158954
15,000 SF 1.28 ac lot Built 1976
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,000-square-foot warehouse in Tyler, Texas, presents a compelling owner-user opportunity. Situated on a 1.278-acre lot, the property features a spacious 12,750-square-foot warehouse with a 17' 9" ceiling height, efficient LED lighting, and wall-mounted gas heaters. Two 12' x 12' overhead doors ensure easy access for equipment and materials. The building also includes 2,250 square feet of updated office space, complete with a reception area, seven individual offices, a modern kitchen, and 1.5 bathrooms. Currently leased with a remaining term of 4.3 years (expiring March 1, 2029), the lease is a NNN type with a commencement date of May 1, 2024. The property's location near new building growth in Smith County, Texas, at 1202 S Bennett Ave, Tyler, TX 75701, offers excellent potential for future appreciation. Built in 1976, this single-story building provides a solid investment opportunity with a current asking price of $775,000, representing $51.67 per square foot. The property is ideally suited for a variety of industrial uses and offers a strong return on investment. The lease includes rental increases in years four and five.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1976
Construction STEEL FRAME
Total area 15,000 SF
Lot 1.28 ac (55,670 SF)
APN 1-50000-0855-01-020050
UPID US82-0158954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Moving Company Storage Facility
  • Moving Company

Location

1202 Bennett Ave Tyler, TX 75701-2501
Tyler metro Census 700 TYLER, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2008
7 recorded transactions
2025
Price N/A
2019
Price N/A
2018
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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