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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Turn key restaurants
15898 Eastside Rd Tyler, TX 75707-7412
Individually Owned
17-yr Hold
Free & Clear
Property ID
US82-5289518
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Total area
8,808 SF
Lot
32.2 ac (1,402,676 SF)
APN
1-25010-0005-00-008000
UPID
US82-5289518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LTPC Boat and RV Storage Hotel & Motel Resort
-
Lake Tyler peteoleum club Vacation Rental Campground & RV Park
-
Lake Tyler Petroleum Club Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Michael T Clements · 17 yrs held
Michael T Clements
since 2009
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$915,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$820,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$820,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,018
Tax year 2023
Assessed value
$1,984,709
Assessed 2023
Previous assessed
$1,984,709
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,402,676
Assessed improvement
$582,033
Land market value
$1,402,676
Improvement market value
$582,033
Total market value
$1,984,709
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
5
Stories
1
Total area
8,808 SF
Lot
32.2 ac (1,402,676 SF)
APN
1-25010-0005-00-008000
UPID
US82-5289518
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Buildings
5
Lot
32.2 ac
Current owner
From public records · entity-resolved
Michael T Clements
Individual
Free & Clear · 17 yrs held
Mailing address
2001 KIRBY DR STE #1200, HOUSTON, TX 77019-6044
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2009
—
Michael T Clements
Slater,terry
Grant Deed
related
—
Feb 7, 2007
$2,050,000
Terry Slater
Ritcheson,scott A
Trustees Deed
—
Sep 7, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Mullins & White Properties INC
—
Deed Of Trust
related
$1,126,250 · Plains Capital Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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