Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16669 Fm 2493 Flint, TX 75762

    • Retail space
    • 10,325 SF
    • 1.98 lot acres
    OFF-MARKET
    Last Sale
    Jan 30, 2024
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0596759
    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

    • Retail space

    Property Details for 16669 Fm 2493

    Year built
    2008
    Lot size
    1.98 lot acres
    Property size
    10,325 SF
    Property type
    Retail space
    APN
    1-14530-0000-00-005060
    APU
    114530000000005060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,224,000
      Market price range: $402k - $1.22M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $925,000
      Current use
      COMMERCIAL (GENERAL)
      $1,410,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $1,115,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $905,000
      Change: -3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $780,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Smith
    State
    Texas
    Longitude
    -95.3465
    Latitude
    32.2373
    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
    2023
    $19,516
    $193,962
    $1,054,718
    $1,248,680
    -
    $193,962
    $1,054,718
    $1,248,680

    Comparable in this City

    • Value Estimation by Request
      3,655 SF

      17048 Fm 2493

      RETAIL STORES (PERSONAL SERVICES) • 3,655 SF
      17048 Fm 2493, Flint, TX 75762-8332
      View Details
    • Value Estimation by Request
      2,821 SF

      16920 Fm 2493

      RETAIL STORES (PERSONAL SERVICES) • 2,821 SF
      16920 Fm 2493, Flint, TX 75762-8311
      View Details
    • Value Estimation by Request
      2,350 SF

      16949 State Hwy 155th S

      RETAIL STORES (PERSONAL SERVICES) • 2,350 SF
      16949 State Hwy 155th S, Flint, TX 75762-3410
      View Details
    • Value Estimation by Request
      1,197 SF

      21232 State Hwy 155th S

      RETAIL STORES (PERSONAL SERVICES) • 1,197 SF
      21232 State Hwy 155th S, Flint, TX 75762
      View Details
    • Value Estimation by Request
      2,796 SF

      21204 State Hwy 155th S

      RETAIL STORES (PERSONAL SERVICES) • 2,796 SF
      21204 State Hwy 155th S, Flint, TX 75762-5823
      View Details
    • Value Estimation by Request
      2,460 SF

      17582 State Hwy 155th S

      RETAIL STORES (PERSONAL SERVICES) • 2,460 SF
      17582 State Hwy 155th S, Flint, TX 75762-3415
      View Details

    Similar Nearby for Sale

    • $190,000

      Commercial Lot with Lake View

      Commercial double lot with lake views and income potential.
      21284 State Highway 155 S, Flint, TX 75762
      View Details
    • $950,000

      Commercial Corner Lot on Highway

      2.47 acre corner lot with metal building office.
      21974 State Highway 155 S, Flint, TX 75762
      View Details
    • $600,000
      1.21 Acres

      Prime Land Available on HWY 155

      Unimproved land with utilities in place, suitable for various uses.
      20175 S Highway 155, Flint, TX 75762
      View Details
    • $600,000
      1.21 Acres

      Commercial Land on Highway 155

      Prime commercial lots available on Highway 155 in Flint, TX.
      20175 Highway 155 S, Flint, TX 75762
      View Details
    • $3,000,000
      60.57 Acres

      60+ Acre Commercial Development Opportunity

      Prime commercial land for development in a rapidly growing area.
      Highway 155 S, Flint, TX 75762
      View Details
    • $299,000
      6.87 Acres

      Commercial Land on Highway 155

      6.87 acres with highway frontage suitable for new business.
      19522 Highway 155, Flint, TX 75762
      View Details

    Similar Nearby for Lease

    • $30,000

      Landmark Business Park Retail/Office

      Office and retail spaces in high-growth East Texas business park.
      17581 State Highway 155 S, Flint, TX 75762
      View Details
    • Contact for pricing

      Highway Frontage Retail Opportunity

      2.5-acre tract on Highway 155 in Flint, Texas.
      19785 State Highway 155 S, Flint, TX 75762
      View Details
    • $4 SF/Yr
      58,184 SF

      Landmark Business Park: Prime Flint, TX Space

      Flex, warehouse, distribution space available in thriving East Texas location.
      17521 State Highway 155, Flint, TX 75762
      View Details
    • Contact for pricing
      9,000 SF

      Hooks Village Phase II: Prime Space

      Flint, TX Retail/Office/Medical Opportunity
      20083 State Highway 155, Flint, TX 75762
      View Details
    • Contact for pricing
      10,648 SF

      Flint Warehouse Space Available

      10,648 square foot warehouse space for lease in Flint, TX.
      17601 State Highway 155 S, Flint, TX 75762
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16669 Fm 2493
    Flint, TX 75762
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.