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    15393 State Highway 64 Tyler, TX 75704
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    Property profile & analytics

    15393 State Highway 64 Tyler, TX 75704

    View on Map
    • Warehouses
    • 22,147 SF
    • 5.90 lot acres
    For Lease
    $560,000
    View Listing →
    Available Storage and Distribution Space For Lease
    $560,000
    15,630 SF

    Available Storage and Distribution Space

    Storage and distribution spaces available near Loop 49 and airport.

    15393 State Hwy 64, Tyler, TX 75704
    View Listing
    Property ID
    US82-3309217
    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.
    Value Estimations
    $560,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lone Star Rose Nurseries Inc / Garden Center / Landscaping
    • J Berry Nursery - Tyler / Garden Center / Landscaping

    Property Details for 15393 State Highway 64

    Year built
    1960
    Lot size
    5.90 lot acres
    Property size
    22,147 SF
    Property type
    Warehouses
    APN
    1-00000-0148-00-033000
    APU
    100000014800033000

    Description

    This exceptional industrial property, located at 15393 State Hwy 64 W in Tyler, Texas, 75704, offers a combined 15,630 square feet of versatile space ideal for distribution, warehousing, or cold storage operations. The building features a mix of dry and cold storage areas, with approximately 6,355 square feet of dry storage and 9,275 square feet of cold storage currently available for lease. The property boasts six total suites in a multi-tenant building, providing flexibility for various business needs. Access is convenient via Highway 64 East, with Loop 49 approximately 0.31 miles away and Tyler Pounds Regional Airport just 0.56 miles distant. The property includes four overhead doors, with two grade-level doors already installed. An extensive yard area is present, offering potential for expansion and customization (fencing could be added). Significant expansion opportunities exist due to the ample available land surrounding the building. The building is in good condition and presents a strong opportunity for businesses seeking efficient and strategically located industrial space in the Tyler, Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $651,000
      Market price range: $652k - $1.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.4236
    Latitude
    32.3627
    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
    2024
    $4,163
    $132,050
    $134,315
    $266,365
    -
    $132,050
    $134,315
    $266,365

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      3461 Tx-110

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      28,254 SF

      9846 Tx-31

      Distribution properties • 28,254 SF
      9846 Tx-31, Tyler, TX 75704
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    • Value Estimation by Request
      1,572 SF

      8800 County Rd 1143

      MINI-WAREHOUSE, STORAGE • 1,572 SF
      8800 County Rd 1143, Tyler, TX 75704-8436
      View Details
    • Value Estimation by Request
      4,000 SF

      3461 State Hwy 110th N

      WAREHOUSE, STORAGE • 4,000 SF
      3461 State Hwy 110th N, Tyler, TX 75704-6180
      View Details
    • Value Estimation by Request
      2,700 SF

      Hwy 64th W

      WAREHOUSE, STORAGE • 2,700 SF
      Hwy 64th W, Tyler, TX 75704
      View Details
    • Value Estimation by Request
      1,788 SF

      15537 State Hwy 64th W

      MINI-WAREHOUSE, STORAGE • 1,788 SF
      15537 State Hwy 64th W, Tyler, TX 75704-6449
      View Details

    Similar Nearby for Sale

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      Industrial Property in Tyler, Texas

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      3.496 acres of commercial land with highway frontage.
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    Similar Nearby for Lease

    • Contact for pricing

      Available Storage and Distribution Space

      Storage and distribution spaces available near Loop 49 and airport.
      15393 State Highway 64, Tyler, TX 75704
      View Details
    • $3,219 /Mo
      152,896 SF

      Professional Office Park in Tyler

      Professional office park with ample parking and easy accessibility.
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      Retail Space Near Walmart

      Retail space available in high-traffic Tyler location.
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      Retail Redevelopment Land on Hwy 64

      Excellent redevelopment location for retail users on Hwy 64.
      3810 State Highway 64 W, Tyler, TX 75704
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      3,219 SF

      Professional Office Park Space Available

      Office park with ample parking and easy accessibility in Tyler.
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    • $11,848 /Mo
      48,352 SF

      Retail Space in Tyler, TX

      Walmart-anchored retail space for lease in high-visibility trade area.
      3810 Highway 64 W, Tyler, TX 75704
      View Details
    View Listing
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    15393 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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