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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16914 State Highway 64 Tyler, TX 75704

    • Commercial real estate
    • 228.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6154610
    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

    • Commercial real estate

    Property Details for 16914 State Highway 64

    Lot size
    228.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 228.8-acre property in Smith County, Texas, presents a unique investment opportunity. Located near Tyler, TX, at 16914 State Hwy 64, zip code 75704, this expansive land boasts approximately 3,403 feet of State Highway frontage, offering significant commercial development potential. Currently unzoned, the property allows for flexible mixed-use development. The land is also ideal for hunting and recreational activities. A well-managed pine plantation currently exists, having been thinned once, presenting potential for future timber sales and generating additional income streams. Utilities such as water and electricity are available in the surrounding area, although not currently connected to the property. Note that the property is situated in an unincorporated area of Smith County, offering a unique blend of rural tranquility and proximity to the amenities of Tyler. This substantial acreage provides a rare chance to acquire a versatile property with diverse income-generating possibilities. The asking price is $1,894,000.

    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
    -95.4500884
    Latitude
    32.3724999

    Comparable in this City

    • $199,500
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      Tyler, TX Acreage For Sale

      5.394 acres in Twin Lakes Subdivision, Unit II, Tyler, TX.
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    • $519,000
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      Pasture and Hardwoods with Shop

      16.88 acres with shop, living quarters, and utilities.
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    • $360,000
      30.93 Acres

      Tyler, TX Rural Acreage

      30.929 acres near Loop 323 and Loop 49 in Tyler.
      14461 County Road 46, Tyler, TX 75704
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    • $990,000
      99.00 Acres

      000 State Highway 64

      Farms • 99.00 Acres
      000 State Highway 64, Tyler, TX 75704
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    • Contact for pricing
      0.93 Acres

      Tyler Pad Site: Prime Location

      High-traffic commercial land, near Walmart.
      3925 State Highway 64, Tyler, TX 75704
      View Details
    • $70,000
      0.23 Acres

      Residential Lot in Tyler, TX

      Residential lot available for custom home construction with city utilities.
      545 Prince Pl, Tyler, TX 75704
      View Details

    Similar Nearby for Sale

    • $199,500
      5.39 Acres

      Tyler, TX Acreage For Sale

      5.394 acres in Twin Lakes Subdivision, Unit II, Tyler, TX.
      21540 Riva Rdg Dr, Tyler, TX 75704
      View Details
    • $519,000
      16.88 Acres

      Pasture and Hardwoods with Shop

      16.88 acres with shop, living quarters, and utilities.
      6470 State Highway 110, Tyler, TX 75704
      View Details
    • $360,000
      30.93 Acres

      Tyler, TX Rural Acreage

      30.929 acres near Loop 323 and Loop 49 in Tyler.
      14461 County Road 46, Tyler, TX 75704
      View Details
    • $990,000
      99.00 Acres

      000 State Highway 64

      Farms • 99.00 Acres
      000 State Highway 64, Tyler, TX 75704
      View Details
    • Contact for pricing
      0.93 Acres

      Tyler Pad Site: Prime Location

      High-traffic commercial land, near Walmart.
      3925 State Highway 64, Tyler, TX 75704
      View Details
    • $70,000
      0.23 Acres

      Residential Lot in Tyler, TX

      Residential lot available for custom home construction with city utilities.
      545 Prince Pl, Tyler, TX 75704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,025 SF

      Hwy 64 W Commercial Land Opportunity

      Prime Retail Land, High Traffic Area
      3810 State Highway 64, Tyler, TX 75704
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    • Contact for pricing
      2,216 SF

      Prime Tyler Retail w/ Drive-Thru

      High-traffic location, 2,216 sq ft.
      3816 State Highway 64, Tyler, TX 75704
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    • $3,219 /Mo
      152,896 SF

      Professional Office Park in Tyler

      Professional office park with ample parking and easy accessibility.
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    • $8 SF/Yr
      15,630 SF

      Prime Tyler TX Industrial Space

      15,630 SF Refrigerated Warehouse Available
      15393 State Highway 64, Tyler, TX 75704
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    • $11,848 /Mo
      48,352 SF

      Retail Space Near Walmart

      Retail space for lease near Walmart in Tyler, Texas.
      3810 State Highway 64 W, Tyler, TX 75704
      View Details
    • $3,219 /Mo
      152,896 SF

      Professional Office Park in Tyler

      Office space in a professional park with ample parking.
      104 Jordan Plaza Blvd, Tyler, TX 75704
      View Details
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    16914 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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