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    Property profile & analytics

    12036 State Highway 64 Tyler, TX 75704

    • Residential income homes
    • 9,936 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3269354
    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

    • Residential income homes

    Property Details for 12036 State Highway 64

    Year built
    2024
    Lot size
    1.19 lot acres
    Property size
    9,936 SF
    Property type
    Residential income homes
    APN
    R041309

    Description

    This exceptional Class A multifamily investment opportunity presents a portfolio of 14 units situated on a 1.194-acre lot at 12036 State Hwy 64 in Tyler, Smith County, Texas, zip code 75704. The property, built and renovated in 2024, boasts 9,936 square feet of net rentable space, comprising one single-family home, three duplexes, and seven luxury cottages. Currently operating at 100% occupancy, this turnkey investment offers immediate cash flow. The property features a new gravel driveway, private entrances, a mix of covered and uncovered parking, and individual mailboxes. Financial projections for 2024 indicate a gross annual income of $188,580 and a net operating income (NOI) of $160,880, resulting in a projected cap rate of 7.48%. The asking price is $2,150,000, translating to a price per square foot of $216.38 and a price per unit of $153,571.43. The property's strategic location on Hwy 64, near Tyler High School and a Walmart Supercenter, benefits from an average daily traffic count of 15,853 vehicles. This low-maintenance, high-demand property represents a compelling investment opportunity with significant potential for long-term growth and passive income. The property's APN is R041309.

    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
    -95.366006
    Latitude
    32.3585224

    Comparable in this City

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      Tyler Duplex Near Highway 64

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      Tyler RV Park on 12 Acres

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      0.25 Acres

      Prime Tyler Residential Lot

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    • $195,000
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    Similar Nearby for Sale

    • $675,000
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      Tyler RV Park on 12 Acres

      30-site RV park on 12 acres near Tyler Pounds Airport.
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    • New
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      Tyler Duplex Near Highway 64

      Duplex built in 2015 with upgraded amenities and highway access.
      308 Princess Pl, Tyler, TX 75704
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    • New
      $418,000
      0.17 Acres

      Tyler Duplex Near Highway 64

      Newer duplex with upgraded amenities, convenient location, built in 2015.
      325 Princess Pl, Tyler, TX 75704
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    • $75,000
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      Tyler, TX Residential Acreage

      One-acre lot in Tyler, Texas with residential potential.
      178 Patton Ln, Tyler, TX 75704
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    • Contact for pricing
      0.25 Acres

      Prime Tyler Residential Lot

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    • $580,220
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      Prime Commercial Land Opportunity

      4.449 acres of commercial land in a prime location.
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    Similar Nearby for Lease

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      11,025 SF

      Hwy 64 W Commercial Land Opportunity

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      Prime Tyler Retail w/ Drive-Thru

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    • $3,219 /Mo
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      Professional Office Park in Tyler

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      Professional Office Park in Tyler

      Office space in a professional park with ample parking.
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      Professional Office Park in Tyler

      Professional office park with ample parking and easy accessibility.
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    • $11,848 /Mo
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      Retail Space Near Walmart

      Retail space for lease near Walmart in Tyler, Texas.
      3810 State Highway 64 W, Tyler, TX 75704
      View Details
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    12036 State Highway 64
    Tyler, TX 75704
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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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