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

    1814 Capital Dr Tyler, TX 75701-0517

    • Warehouses
    • 12,500 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4232583
    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

    • East Texas Barbell Club (ETXBC) / Gym
    • Gtech Corporation / Event Venue
    • Superior Seamless Gutters / Gutter Cleaning Service / Service Establishment
    • Edge Performance / Gym

    Property Details for 1814 Capital Dr

    Year built
    1998
    Lot size
    0.86 lot acres
    Property size
    12,500 SF
    Property type
    Warehouses
    APN
    1-50000-1550-04-002010
    APU
    150000155004002010

    Description

    This exceptional 12,800-square-foot flex industrial space in Tyler, Texas, presents a unique investment opportunity. Located at 1814 Capital Drive, this single-story, 1998-built property offers a versatile layout ideal for various businesses. The building features 6,400 square feet of immediately available space, comprising approximately 4,180 square feet of warehouse area and 2,220 square feet of office space. Two grade-level overhead doors provide convenient access for loading and unloading, complemented by a fenced concrete storage area behind the building. The property boasts a drive-up entrance and ample concrete surface parking. Building signage is available, enhancing visibility and branding opportunities. The property is zoned M-1 Light Industrial and benefits from 120/240 V, 250 AMP single-phase power. Its strategic location offers easy access to Loop 323 and is situated just off Old Jacksonville Highway, across from Brookshire's Distribution Center, providing excellent South Tyler accessibility. The property consists of two suites within a single building. Triple net estimated costs are $1.96. This property is an excellent choice for businesses seeking a functional and well-located space in a thriving area. The 14-foot ceiling height in the warehouse provides ample vertical space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $574,000
      Market price range: $365k - $736k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $540,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3258
    Latitude
    32.2964
    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
    $8,767
    $135,411
    $367,534
    $502,945
    -
    $135,411
    $367,534
    $502,945

    Comparable in this City

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      2901 Teague Dr

      WAREHOUSE, STORAGE • 7,600 SF
      2901 Teague Dr, Tyler, TX 75701-3753
      View Details
    • Value Estimation
      $220,000
      6,000 SF

      2011 Patridge St

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      2011 Patridge St, Tyler, TX 75701-8443
      View Details
    • Value Estimation
      $235,000
      2,384 SF

      3320 Bellwood Rd

      MINI-WAREHOUSE, STORAGE • 2,384 SF
      3320 Bellwood Rd, Tyler, TX 75701
      View Details
    • Value Estimation
      $265,000
      3,000 SF

      1301 Bennett Ave

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      1301 Bennett Ave, Tyler, TX 75701-2504
      View Details
    • Value Estimation
      $395,000
      7,580 SF

      2221 Wsw Loop 323

      MINI-WAREHOUSE, STORAGE • 7,580 SF
      2221 Wsw Loop 323, Tyler, TX 75701-8434
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Land For Sale, Tyler, TX

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      Retail Building on Broadway Avenue

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      Pad Site Near Regal Cinemas

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    Similar Nearby for Lease

    • $4,520 /Mo
      40,554 SF

      Showroom Warehouse on Loop 323

      Showroom warehouse space available for lease with Loop 323 access.
      3219 S Southwest Loop 323, Tyler, TX 75701
      View Details
    • $1,500 /Mo
      2,215 SF

      Warehouse Flex Space Available

      Warehouse flex space for lease in Midtown Tyler, TX.
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      View Details
    • $3,500 /Mo
      6,000 SF

      Tyler Office/Warehouse Space for Lease

      6,000 SF office/warehouse space available for lease.
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      View Details
    • $3,500 /Mo
      19,994 SF

      Tyler Industrial Space For Lease

      6,000 SF office warehouse space available for lease.
      3810 Timms St, Tyler, TX 75701
      View Details
    • $1,500 /Mo
      7,492 SF

      Tyler Warehouse with Climate Control

      Office and warehouse space for lease in Tyler, Texas.
      4410 Dc Dr, Tyler, TX 75701
      View Details
    • $14 SF/Yr
      3,021 SF

      Southeast Crossing: Tyler Retail Space

      Flexible Office & Warehouse Units in Tyler, TX
      2310 Loop Rd 323, Tyler, TX 75701
      View Details
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    1814 Capital Dr
    Tyler, TX 75701-0517
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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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