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    Property profile & analytics

    15426 Fm 2493 Tyler, TX 75703

    • Warehouses
    • 23,800 SF
    • 4.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5633784
    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

    • Lumley Roofing / Roofing Company / General Contractor

    Property Details for 15426 Fm 2493

    Year built
    2022
    Lot size
    4.78 lot acres
    Property size
    23,800 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1-00000-0018-04-002000
    APU
    100000001804002000

    Description

    One Room Executive Suites offers 1,500 square feet of prime office space in Tyler, Texas, situated at 15426 FM 2493, zip code 75703. This single-story, 2023-built property features ten individual suites, ideal for a variety of business needs. Currently, 1,150 square feet are available for lease, offering multiple tenancy options. The building boasts a modern design with 9-foot ceilings, providing ample space and a comfortable work environment. The property is categorized as Executive Office, Creative Office, and Coworking space, making it suitable for diverse professional settings. All utilities are included, simplifying operational costs. Located in Smith County, this property presents a convenient and efficient workspace solution. The individual suites are approximately 115 square feet each, offering a balance of privacy and collaborative potential. This location provides easy access to local amenities and transportation networks, making it an attractive option for businesses seeking a well-equipped and strategically located office space in Tyler, Texas. The property's modern design and inclusive utility package make it a highly desirable option for businesses of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,631,000
      Market price range: $783k - $2.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,370,000
      Current use
      COMMERCIAL (GENERAL)
      $2,270,000
      Change: +66% Conversion: Difficult
      RESTAURANT
      $2,215,000
      Change: +61% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,055,000
      Change: +50% Conversion: Easy
      OFFICE BUILDING
      $2,000,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $1,525,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3484
    Latitude
    32.2564
    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
    $19,564
    $416,434
    $870,566
    $1,287,000
    -
    $416,434
    $870,566
    $1,287,000

    Comparable in this City

    • Value Estimation
      $4,780,000
      83,200 SF

      8225 Broadway Ave

      MINI-WAREHOUSE, STORAGE • 83,200 SF
      8225 Broadway Ave, Tyler, TX 75703-5494
      View Details
    • Value Estimation by Request
      3,750 SF

      12907 State Hwy 155th S

      MINI-WAREHOUSE, STORAGE • 3,750 SF
      12907 State Hwy 155th S, Tyler, TX 75703-6546
      View Details
    • Value Estimation by Request
      1,800 SF

      15565 State Hwy 155th S

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      15565 State Hwy 155th S, Tyler, TX 75703-7138
      View Details
    • Value Estimation by Request
      1,000 SF

      1582 Grande Blvd

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      1582 Grande Blvd, Tyler, TX 75703-3978
      View Details
    • Value Estimation by Request
      3,600 SF

      8219 Robert E Lee Dr

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      8219 Robert E Lee Dr, Tyler, TX 75703
      View Details
    • Value Estimation
      $1,405,000
      15,600 SF

      6435 Paluxy Dr

      MINI-WAREHOUSE, STORAGE • 15,600 SF
      6435 Paluxy Dr, Tyler, TX 75703-5933
      View Details

    Similar Nearby for Sale

    • $550,000
      2,700 SF

      Modern Office with Highway Frontage

      High-visibility office and flex space on Highway 69.
      20921 Us Highway 69 South, Tyler, TX 75703
      View Details
    • $1,650,000
      1.10 Acres

      Tyler Office and Warehouse Building

      Office suites and warehouse on 1.1 acres near Tyler.
      15488 Old Jacksonville Rd, Tyler, TX 75703
      View Details
    • $850,000
      5,700 SF

      Tyler Flex Space Building

      Heated and cooled flex space with offices and parking.
      4883 Hightech Dr, Tyler, TX 75703
      View Details
    • $3,700,000
      10.02 Acres

      Tyler Commercial Property with Buildings

      Commercial property in South Tyler with three buildings on 10+ acres.
      2040 Shiloh Rd, Tyler, TX 75703
      View Details
    • $550,000
      2.00 Acres

      Prime Commercial Land Opportunity

      2-acre commercial land with high visibility and access.
      10322 Spur 164, 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

    Similar Nearby for Lease

    • New
      $700 /Mo
      318,946 SF

      Tyler Office Warehouse For Lease

      Office warehouse for lease outside city limits, flexible lease terms.
      12872 State Highway 155, Tyler, TX 75703
      View Details
    • New
      $700 /Mo
      1,000 SF

      Tyler Office/Warehouse Space For Lease

      Office and warehouse space for lease near Loop 323.
      12872 State Highway 155 S, 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
    • $4,750 /Mo
      6,000 SF

      Tyler Warehouse with Office Space

      6000 sqft warehouse with office/showroom space for lease.
      4908 Hightech Dr, Tyler, TX 75703
      View Details
    • $11 SF/Yr
      5,650 SF

      Prime Tyler Office/Warehouse Space

      5,650 SF Office & Warehouse Available
      4545 Old Jacksonville Hwy, Tyler, TX 75703
      View Details
    • Contact for pricing
      2,400 SF

      Industrial Space in Tyler, Texas

      2,400 square feet of industrial space available for rent.
      12885 Alice Ln, Tyler, TX 75703
      View Details
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    Tyler, TX 75703
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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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